At Ithaca College’s spring 2020 All-College Gathering in Emerson Suites, President Shirley M. Collado discussed the future of the college, highlighting both the need to embrace a “new normal” and the changes forthcoming as the college moves forward with its Ithaca Forever strategic plan.
She also encouraged the students, faculty and staff to be the agents of change as the college heads into a time of transformation.
“Now, you’re not only the visionaries, you’re the doers,” Collado said, adding that this sense of agency comes “during a time of enormous, enormous change that is incredibly exciting.”
Calling the current and upcoming years a time for “thoughtful recalibration,” Collado noted the realities the college will be facing as it heads into the next decade.
“This institution — and many others in higher education — cannot continue to be reliant upon tuition dollars to determine our financial health,” she said. “The reality is that we must shift our business model and that there’s going to be a sea change.”
Emphasizing that the college is working from a position of strength — thanks to factors like a good bond rating, an ability to borrow, and a growing endowment that is currently $362 million — Collado stressed that bolstering the financial health of the college is one of the tenets of the college’s strategic plan, and that now is the time to act and shift together, not in a culture of fear, but in a culture of empowerment.