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To achieve our strategic goals and strengthen the College financially, Randolph-Macon must increase its resources and utilize them as efficiently as possible.
Initiative 1: Commission Feasibility Study on Increasing Student Body to 1,200/1,300 while Maintaining Targets for Student Quality, and Submit the Feasibility Study Recommendations to the Board of Trustees.
Activities
|
ID |
Activity |
Implementation |
Metric |
Status |
|
5.10 |
Conduct Student Body Size Study |
P, PBC |
Completion of study. |
Completed. Decision was made to st roughly the same size. |
Initiative 2: Increase Endowment to $100,000,000.
Activities
|
ID |
Activity |
Implementation |
Metric |
Status |
|
5.20 |
$20,000,000 in New Gifts for the Endowment by June 30, 2003. |
P, DV |
Amount raised. |
In progress; see comments. |
|
5.22 |
Develop Plan for New 5-Year Campaign |
DV, SPC |
Start campaign planning discussions. |
See comments. |
|
5.23 |
Endowment for Buildings |
DV |
Development of policy. |
New policy approved by the Board. |
|
5.24 |
Endow Scholarships |
DV |
$1,000,000 Annual Addition to Endowment |
Completed |
Comments
5.20: $7,295,000 raised through June 30, 2000; $10,235,000 raised through June 30, 2001; $12,618,000 raised through June 30, 2002.� Staff continues to raise endowment gifts and is targeting efforts to secure a single gift of $10,000,000.� Over this same period, the endowment has developed as follows: '98-1999, $50,533,092; '99-2000, $84,018,864; '00-2001, $84,843,884; and '01-2002, $75,607,441.��
5.22: According to the Vice-President for Development, after an appropriate time at the end of the current campaign, he will begin discussing plans for the next campaign with the Board's Development Committee. The new campaign may be organized around the College's 175th anniversary in 2005.
Initiative 3: Increase Non-Tuition Revenues by $200,000.
Activitie
|
ID |
Activity |
Implementation |
Metric |
Status |
|
5.30 |
Incr. Annual Giving for Ops. by $50,000 per year |
DV |
$50,000 |
In progress; did not reach goal for '99-2000. No increase for� '00-2001.� '98-1999, $980,997; '99-2000, $918,934; '00-2001, $960,723; '01-2002, $1,001,650. |
|
5.31 |
Incr. Non-Traditional Inc. by $150,000 (revised to $110,000 '01-2002)
- Summer Programs (revised to $40,000 '01-2002) |
T, DC |
$150,000 |
|
Initiative 4: Establish Compensation Goals and Meet Them.
Activities
Comments
|
ID |
Activity |
Implementation |
Metric |
Status |
|
5.4 |
Set Faculty Comp. Goal at Top 2 Quintiles
Staff Comp. Goals 25-75% |
DC, PBC |
Compensation levels. |
See comments. |
����������� 5.30:� The figures reported are for the Annual Fund only.� They do not include all annual gifts for operations.
5.40:�� Significant progress has been made.� It is very likely that the national benchmarks, determined in the spring of 2003, will indicate that the goal has been met.
Initiative 5: Develop Cost Containment Program.
Activitie
|
ID |
Activity |
Implementation |
Metric |
Status |
|
5.50 |
Cost Containment Study |
PBC |
Completion of study. |
Goal Team 5 recommended completion by 2000; in progress. |
|
5.51 |
Establish Staffing & Performance Baselines |
PBC, CA |
Establishment of baselines. |
Study completed. |
|
5.52 |
Establish Mech. For Modifying Programs |
PBC |
Creation of mechanisms. |
Goal Team 5 recommended completion in 2002.� Mechanisms are in the Faculty Handbook. |
|
5.53 |
Insure equity and efficiency of faculty workloads |
DC |
Completion of study. |
Developed a faculty workload data collection instrument. |
|
5.54 |
Install Administrative Computer |
T |
Completion of installation & training. |
In progress; to be completed in December 2002. |
|
5.55 |
Study the Implications of Adjuncts |
DC |
Completion of study. |
Completed |
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ABBREVIATIONS
AO - Alumni Office
CAB - Cabinet
CC - Career Counseling
CLC - College Life Committee
CoF - Committee on the Faculty
DA - Dean of Admissions
DC - Provost
DS - Dean of Students
DSL - Director of Student Life
DV - Vice President for Development
FDC - Faculty Development Committee
I - Internship Director
ITS - Information and Technology Services
OIE - Office of International Education
OUR - Office of Undergraduate Research
P - President
PBC - Planning and Budget Committee
PP - Director of Physical Plant
PR - Public Relations/Marketing
R - Registrar
RC - Retention Coordinator
SPC - Strategic Planning Committee
T - Treasurer
WC - Chair of the Web Committee