Abstract:
Since last year's report to NEASC there have been a
number of changes at Bennington College. In recognition of
the absence of desired growth in undergraduate enrollment and
an unwelcome increase in institutional financial aid awards,
the Board of Trustees at its April 1992 meeting mandated
permanent expenditure cuts. It also directed the president
and the deans to devise an enrollment strategy which would
lead to an annualized enrollment of 550 undergraduates by
1996/97. Finally, it authorized additional spending from
Capital Campaign proceeds for the period during which the
abovementioned actions will be carried out. The Board
statement on these matters is attached as Appendix D.
The goal of these Board actions is the attainment by
1996/97 of financial stability which foresees a reasonable
increase in undergraduate enrollment, a decrease in
institutional financial aid and no budgetary reliance on the
Capital Campaign other than the spending of endowment .
earnings. Bennington has taken the first steps toward that
goal. Appendix E. Steering Committee Report Faculty Reduction Recommendations
