January 2010

Background Information on College Finances

As background to the College’s financial situation, the documents on this site show changes in revenue and spending, in some cases since the beginning of the global financial crisis and in some cases over the past decade or more.

They show that we headed into the crisis with considerable financial strength, reacted quickly to changed circumstances, and need to adapt further to the changed environment. Our growth in spending over the past decade was fueled in large part by a surge in resources of a kind unlikely to recur anytime soon.

Understanding our recent history can help inform our decisions on next steps.

Bill Lenhart
Provost and Treasurer

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