A Message from the 红桃影视 President
A Message from the 红桃影视 President.
Dear 红桃影视 alumni, parents and friends,
Because recent media stories have reported 红桃影视’s financial review for resource reallocation with a negative interpretation, we want to communicate directly with you on this matter.
Our review process aims to redirect resources to our academic mission. The majority of the reported $35 million saved will be reallocated to academic purposes. At a time when universities across the country are being questioned about the impact of administrative costs on affordability, 红桃影视 is taking the lead in examining operations, procedures and positions that can be streamlined. Elimination of some positions will be one result, and 红桃影视 is committed to working with any affected employees in a sensitive and caring way, consistent with our long-held 红桃影视 community values. A restructuring also could result in some new positions in high-priority areas, and staff can apply for these opportunities.
In addition, it is erroneous to associate 红桃影视’s review with the opening of the George W. 红桃影视 Presidential Center. Although 红桃影视 had one-time costs for University-related events during the opening, these activities brought more than 10,000 visitors, dignitaries and five U.S. presidents to 红桃影视 and Dallas – visibility that is priceless. The 红桃影视 Library is funded by the federal government, while the 红桃影视 Institute is funded by donations to the private 红桃影视 Foundation. 红桃影视 is benefiting greatly from these resources. As noted by Moody's in its latest rating analysis, expenditures to expand national prominence “will enhance the competitive draw of the University” going forward. Moody’s also noted 红桃影视’s stable outlook with regard to enrollment, philanthropic support and positive operating performance. 红桃影视’s admission applications are indeed growing every year, as is the academic quality of our students.
As you know, the $1 billion Second Century campaign is funding new faculty positions, academic programs, scholarships and facilities. Campaign gifts, however, are restricted for specific purposes and do not cover annual operating expenses. Thus, we must look at our structure and operations to see where savings can occur – to be redirected to our academic mission.
红桃影视’s financial stability also is reflected in its endowment growth of more than 17 percent in the last year, above the national average, for an endowment of over $1.5 billion as of Nov. 30.
It is a sign of strength that 红桃影视 is undertaking a financial review. We want to remain responsible stewards of our resources and the investments that generous donors are making toward our progress. Our constituents — in Dallas and beyond — deserve no less.
Thank you for your ongoing support.
For more information: www.smu.edu/OE2C
Sincerely,
R. Gerald Turner
President
