As we prepare for the first day of classes for this fall semester, I’d like to pause and let you know what WE, as a community, have been doing since March to plan for our anticipated return to campus.
To say that it has been quite a journey for all of higher education is an understatement. I’m sure you’ve seen the published reports detailing with the financial and societal effects of schools not returning to on-campus classes in the fall. Many schools are struggling with the immediate and long-term impacts of devastating decreases in revenue, and continual increases in expenses. The effects of student enrollment deferments, dismantled athletic programs, loss of room and board revenue, and the added expense of reconfiguring physical spaces to implement health order requirements have overwhelmed traditional financial models. So much so, that our colleagues within The Claremont Colleges have had to make some tough decisions over the past couple of months: deep pay cuts, furloughs, layoffs, reduction of benefits, and more.
Since March, when we began our discussions to develop a path forward, our priority has always been YOU, the KGI community. Our goal has been to conserve our resources and ask everyone to do more with less so that we could limit the impact this pandemic had on each of you and your ability to provide for your families.
We asked for your help to do that, and you did so in incredible ways:
This list is only a sampling of the extraordinary work you have all done. We’ve asked you to do more with less, and your efforts and sacrifices have not gone unnoticed.
Every. Single. Person. You have all had a hand in ensuring KGI is surviving this ever-changing situation.
I want you to know that as we turn the corner and look towards winter and spring, you remain our priority. We continue to monitor our finances closely, and trust that our diligence has put us in a position to lessen some of the previous budget restrictions we put into place earlier in the year. We will have a better sense of this in late September.
I am grateful that your patience with our conservative approach to this trying time has allowed us to get to this point without pay cuts, furloughs, layoffs, or a decrease in benefits. We will maintain this strategy as we evaluate our budget for this fiscal year.
All of this is to say, the dedication, commitment, and resiliency of the entire KGI community have been nothing short of incredible. I cannot express enough how proud I am of what you have done, individually, and collectively. You all have my most profound thanks and admiration, and the sincere gratitude of the Board of Trustees.
Bell well and stay safe,
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