What a wonderful weekend this has been. We thank
you all for being here—especially those who traveled back
home to St. Lawrence from afar. We also thank you for your love
of this university, and your commitment to its continuing excellence
in the service of young people, the North Country and the nation.
There is no one in this audience, of course, with
greater love for and commitment to St. Lawrence than Bruce Benedict,
who now chairs our campaign after many years as chair of the board.
He and Ann have made a wonderful leadership gift; he works tirelessly
with his trustee colleagues and with us to move this campaign ahead;
and no one is better at inspiring others to give. Bruce, a warm
and heartfelt thank you!
Well, it was just a year ago that we gathered
on the lawn in the historic center of this historic campus, on
a spectacular North Country day, while you welcomed Ann and me
and our family back to Canton. It felt great to be back then; it
feels great to be back now. We have so much to do, but the upside
for this place is spectacular if we do it. That’s really
what this campaign is about¾stepping up boldly and ambitiously
in pursuit of the very best we can do for some of the nation’s
most deserving young people.
I am incredibly optimistic about St. Lawrence
and its future. I love our chances because of the strength of this
place and its people. We have great students. Those of you who
are here just for this leadership weekend and campaign kickoff,
talk to our students. You will be mightily impressed. Like our
first two graduates, they come both from the North Country and
the wider world—from America and abroad. They have all of
the practical concerns about their future that characterize today’s
young people, but these are balanced, you will find, with idealism
and commitments to service which we have tried to nurture in them
from their very first day here. Working with them is renewing and
refreshing; they are St. Lawrence’s reason for being.
We have faculty who know what they’re doing
and who have no confusion about the mission of St. Lawrence, which
is clearly and unequivocally the education of young people (and
even occasionally some older people!) in the liberal arts. They
have come to St. Lawrence for the right reasons, and they are prepared
to do what it takes for this institution to continue to improve
and prosper.
We have thousands of alumni—the students
of last year and decades ago—who care deeply about St. Lawrence
and who believe there must be liberal arts colleges of excellence
if the nation and the world are to have any hope whatsoever of
a future that is both humane and productive. Only in America is
there this tradition of alumni financial and other support of alma
mater. We are blessed, and we are grateful.
We have the support of countless parents and friends who share in our vision
and believe strongly in its importance. Successful colleges are a partnership,
and we feel daily the encouragement and collaboration of many partners.
We have administrators and hourly staff who work
to make everything happen, not just as a job, but as a vocation.
We live in a wonderful community, which both nourishes and challenges
us, and is the setting for the beautiful campus which we get to
enjoy each day, all seasons of the year. And finally, there is
our beloved North Country, which has shaped St. Lawrence in so
many ways and which is the larger setting for the enormous and
important work in which we are engaged.
Some—the supremely unenlightened of the world—think
of our North Country location as a handicap. One of our own college
songs says, “To the college on the hill in that far off northern
land. . .” But sometimes places which once seemed like the
periphery slowly become the center. I believe that has happened
to us, and I wouldn’t trade our location for that of any
other college. Think not of St. Lawrence as on the northern edge
of New York State, but in the middle of the St. Lawrence River
Valley, bordered on the southeast and east by the incredible beauty
of the Adirondacks; near the St. Lawrence River and its fabled
Thousand Islands; bordered on the north by the Laurentians; and
near several diverse, enormously cultured, and fascinating international
cities. Ottawa is an hour and 15 minutes away (if you drive with
me!), Kingston is an hour and a half, Montreal is two hours, Toronto
is three, and Quebec City is five. No other American college or
university has such access to Canada, and when one takes advantage
of this access there are rich rewards. We benefit simultaneously
from a wonderful rural environment, with its mountains, lakes,
and one of the world’s most scenic rivers, and, at the same
time we have these great and interesting Canadian urban cultural
centers.
We are led not to see this by our maps. The map of New York shows us on the
periphery of the state. In a different color it shows a small portion of
Canada across the river which looks like the outer darkness. The same is
true of Canadian maps of Ontario. It’s just that for them, we are the
outer darkness. But we are really in the center of an AmeriCanadian geo-economic
region, not on the periphery of New York or Ontario, and watch out when prospective
students, with our help, discover this. Who would ever have thunk it—St.
Lawrence at the geographic center of the universe!
I believe we are also at the center of what is
good and enduring in liberal education in America, while at the
same time we explore the new with enthusiasm. We are a university
where tradition matters—where the chimes in Gunnison Chapel
still ring every evening at 5:00 p.m., where tappings for ODK still
happen on the library quad, and where class colors weave in and
out the rows of the chapel at Moving Up Day ceremonies—but
we are also in many ways at the cutting edge of innovation in curriculum
and pedagogy, as we seek to get it ever more right for our students.
The most recent example of this is our new Ford Foundation grant
to help us continue to rethink what it means to engage in area
studies, a grant won in competition with the best colleges and
universities in America, and a strong signal that a real vitality
exists here in the faculty.
These wonderfully productive tensions that are
St. Lawrence are symbolized beautifully for me in the geographic
origins of our first graduates. Our first commencement occurred
in the spring of 1865, at the very end of the Civil War, and nine
years after our official founding in 1856. There were just two
graduates—Delos McCurdy of New York City, and Hiram H. Ryel
of Lowville. That one was from New York City and the other from
Lowville illustrates how even then St. Lawrence straddled its North
Country world and the wider, more cosmopolitan world beyond—a
foot in both places, characteristic of the university still today.
So you can see some of why I am so optimistic about this place.
All of us who are here tonight have dreams for the future of St. Lawrence,
not just memories of our traditions. We are here to celebrate together our
mutual commitment to the continued excellence of this great university. That
mutual commitment comes together in Campaign St. Lawrence which is a critical
part—but only a part—of a larger strategic and financial plan.
That plan includes components like these:
• Gradually make St. Lawrence more affordable by bringing the rate of tuition
increases down as close to the rate of inflation as possible so that tuition
increases approximate future increases in families’ ability to pay, thus
enabling the university to stabilize, and perhaps even decrease, its institutionally
funded student grant budget. At the same time, increase the proportion of student
scholarship aid that is funded by spendable gifts and endowment income.
• Stabilize the size of the incoming first-year class at 550 students (which
is both fewer than
previous planning assumptions and more than we achieved this year); maintain
current overall enrollment by improving retention.
• Increase the size of the faculty as retirements allow us to replace two
retiring faculty with three junior faculty, or when new faculty can be added
with stable funding from gifts or new endowment; decrease the size of the administration
somewhat, as attrition allows.
• Compensate all employee groups competitively.
• Regularly raise $10-15 million per year
in cash from private sources; assume $2 million in annual additions
to the endowment through gifts; use remaining capital gifts as
flexibly as possible to meet the university’s facilities
and technology needs.
• Continue to seek exceptional endowment
investment performance, but as a discipline against over-optimism
assume average annual endowment total return of only 8% for planning
purposes; continue to determine endowment spending using the existing
spending formula.
• Secure the resources, through gifts, budgeted
operating allocations, and allocation of
end-of-year surpluses, to finance as much of our facilities and technology
plan as possible in the next decade; consider additional borrowing to finance
facilities and technology improvements if that appears prudent.
• Achieve the kind of financial equilibrium
outlined in the 1993 Strategic Vision Statement.
• And most importantly, achieve continuous
improvement in teaching and student learning in the liberal arts.
You can obviously see the impact of past and future
gifts on this plan, but you can also see, I think, how Campaign
St. Lawrence fits into a larger whole. Our goal for Campaign St.
Lawrence is $75 million. The good news is that $40 million has
already been given and pledged. That leaves $35 million yet to
raise by the end of the century—that’s this century!
We have many needs, of course, and so there are dozens of ways to help. I
want to focus on three: faculty, student scholarships, and facilities and
technology renewal and expansion.
Faculty
St. Lawrence needs a larger faculty—perhaps
as many as 20 more full-time faculty on top of today’s 155.
Now I have to tell you that many college presidents yearn to have
fewer faculty, because faculty are sometimes angular, critical,
challenging, independent, difficult, and smarter than the president.
But given a choice, I would always have more, precisely because
faculty are angular, critical, challenging, independent, difficult,
and often smarter than the president, and because of the marvelous
things they teach our students.
Even more important than all of this is our need
to provide students, across the board, with as intensive, hands-on,
investigative, research-rich, and personal an education in their
majors as we provide them in our well-known First-Year Program.
We must do both to be true to our trust, and to do both we need
more faculty. We seek in this campaign $10 million in new gifts
for endowed faculty chairs and other critical support for faculty.
Student Scholarships
St. Lawrence also needs new endowment and expendable
funds to ensure that students of modest family financial resources
can continue to attend without causing erosion in the quality of
our programs and facilities. You all know how, and probably also
why, tuition at St. Lawrence and all other independent colleges
and universities has soared over the past decade and a half. I
believe that those tuition increases were partly unavoidable responses
to an erosion in the level of commitment to financing students’ education
by some of our partners in higher education funding (government,
for example) and to dramatically increased demand for services
by parents and students that we had to meet because our competitors
were meeting it. At the same time, we did not control costs well
enough, and so, in retrospect, tuition did not have to rise as
fast or as far.
While one is never done with cost control, I can
tell you that we have learned far better cost discipline, and it
starts by setting tuition increases low at the beginning of the
budget planning process, and then living within the resulting income
generated.
During the last decade we have protected most
families against the impact of these tuition increases by allocating
increasing amounts of unrestricted university funding to student
financial aid. Today only about 15% of the nearly $18 million we
provide in student scholarship grant aid is funded by restricted
endowment income or spendable gifts for that purpose. If we keep
tuition increases as close to the rate of inflation as we can,
so families can afford them, our need for student scholarships
should stabilize or even decline with time.
But critical investments in programs and facilities directly related to students’ education
are constrained when our scholarship budget is funded so extensively by unrestricted
funds. We need substantial increases in our endowment for scholarships and
in spendable gifts for student scholarships if St. Lawrence is to finance
necessary improvements in programs and facilities while at the same time
we maintain our commitment to being accessible to students from families
with modest financial means. I cannot imagine a St. Lawrence that does not
continue this kind of commitment. We need $23 million in this campaign as
part of that effort.
Facilities and Technology
Finally, St. Lawrence needs $16 million in this
campaign to add to existing funds and future operating budget allocations
to begin and execute a ten-year plan of facilities and technology
investment and renewal. Needs exist across the full range of our
programs--academic, recreational and athletic, residential and
student life--and I have described them for you in my latest column
in the St. Lawrence Magazine, and Tom Coakley did so for many of
you today at his afternoon presentation. To do it all would require
some $9 million per year for a decade. We won’t be able to
afford it all, but we must find a way to accomplish the lion’s
share. We have some $10 million in hand now in cash; we can get
another chunk from annual allocations in the operating budget;
but we need substantial gifts in Campaign St. Lawrence to make
our facilities and technology investment program realizable.
We plan to move ahead with several key projects immediately¾library
renovation, renovation of Dana Dining Hall, movement of the bookstore to
a renovated Brewer Field House (necessitating the construction of an alternative
storage facility), and athletic facility planning, with an eye to beginning
our first project in that area next summer. Our ability to meet critical
other needs in science, the arts, and student and residential life in a timely
way is totally dependent on the success of this campaign we announce officially
tonight.
Conclusion
Campaign St. Lawrence is ambitious; it is absolutely essential; and as I
stand here tonight in this room filled with devoted and serious members of
the St. Lawrence family, I know in my heart that it is doable. You and I
won’t let it fail. Thank you.