An e-mail message is going to the campus today summarizing some of the conversations we had over the past weekend with the Board of Trustees. Our major theme at the board meeting was the challenge of the current economic climate. We are faced with reduced income from our endowment over the next few years and a challenging environment in which to raise money for our financial aid program. We have proposed a group of budget cuts, a salary freeze for next year, and a modest and temporary increase in the size of entering classes for four years. More information on these proposals can be found at the Securing the Future website: http://www.wesleyan.edu/administration/securingthefuture/112508.html.
The trustees have a tremendous responsibility for Wesleyan. Our job is to ensure that the quality of the education we offer remains at the highest level, and that it is sustainable for generations to come. We are protecting our core values: access to Wesleyan regardless of ability to pay, and first-rate curricular and co-curricular programs for faculty and students who are advancing their fields through research and creative work. This is the legacy we have inherited, and it is the future we are building.
After the long and tense discussions of the weekend, I went to the Freeman Athletic Center for a little exercise. As I looked back across the campus on a beautiful and brisk fall evening, I felt very lucky to be at Wesleyan. Working together with a talented group of faculty, staff, students and trustees, we will chart a course in these turbulent times that combines prudence and ambition, idealism and practicality. We will not only preserve the precious legacy of this university, we will build upon it. The progressive liberal arts education that we offer, an education that enables graduates to lead meaningful lives and contribute to the world around them, has inspired generosity and hard work from families and faculty, from staff and from students.
As we approach the Thanksgiving holiday, I am so grateful that I work in a community with a legacy and prospects for the future like ours. Happy Thanksgiving!