Posted on 06/21/2020 9:42:37 AM PDT by CheshireTheCat
The University of Notre Dame was in a strong financial position before the coronavirus pandemic. Now, it faces “significant budget challenges” and is currently projecting a $100 million loss in revenue for the upcoming fiscal year, according to a letter issued to the school community.
With an operating budget at $1.7 billion, officials were already expecting a revenue loss of $44 million for the current fiscal year, which ends on June 30. Much of that has been attributed to the university returning $22 million to students in spring undergraduate room and board fees, as well as the loss of auxiliary revenues during the second half of the semester when campus closed and classes were moved online.
In a letter sent to Notre Dame staff, faculty and students this week, university leaders said they enacted a series of measures in mid-March, including freezing staff hiring, stopping or postponing several capital projects, and eliminating university-sponsored travel and non-essential spending in an effort to mitigate COVID-19’s finical impact. But, “Notre Dame is not immune” to continued economic effects, it says.
“Many of our peer universities are projecting annual revenue losses ranging from $175 million to more than $750 million,” university president, the Rev. John I. Jenkins, and other top Notre Dame administrators wrote in the letter.
(Excerpt) Read more at southbendtribune.com ...
Hey Notre Dame, why don’t you ask the town’s mayor for help?
Make those child molesters suffer
University of Notre Dame/Endowment
13.8 billion USD
Don't get too giddy. They're not going to take the losses laying down. They'll probably pick your pocket and mine.
I agree. And like another person mentioned I know Trump will never sign anything that gives these colleges any money because of this.
An
How at they going to pay for that slut’s birth control now???
They are now liberal.
Therefore, I no longer give a shi...er...give a CNN about them.
When CW-II gets hot, liberal colleges had better evacuate, stat.
UND will be fine.
Imagine this picture...
The Catholic University of America
$274 million endowment
Majority of students from NJ/NY - DMV
2020 Cost of Attendance: $68k
Financially supported by the increasingly bankrupted diocese of the CC in the US.
Ouch.
Maybe they can hit up Bergoglio.
> University of Notre Dame/Endowment 13.8 billion USD <
That’s worth noting. So this year’s shortfall will be less than 1% of their endowment. Not enough to get them genuinely upset. But enough to excuse a raise in tuition.
With them having gone atheist in recent years it couldn’t happen to a nicer joint.Hopefully Berkeley will be next.
maybe the Chicago communistic cabal that seized control of ND (and awarded Obama an honorary doctorate when he’s done nothing in his career other than introduce a bill in Illinois to legalize baby killing after birth)....maybe the commies will volunteer to make up the losses
Heck , they could close the financial shortfall by simply RIFing, say what, about a dozen useless administrators?
Does ND have to declare the DACA dollars they receive?
Get woke, go broke.
JoMa
Nothing good has happened to Notre Dame ever since the ardent pro abortion Obama was invited to give the Graduation speech and was conferred an honorary Doctor of Laws degree. The place has been cursed ever since it soiled itself.
Good they went woke now can go broke
They won’t go broke with that Endowment.
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