Report from Bennington College to the Commission on Institutions of Higher Education New England Association of Schools and Colleges

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1992-11-20

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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

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NEASC, Commission on Institutions of Higher Education, New England Association of Schools and Colleges

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