FISK Focus An Electronic Publication for Alumni and Friends
December 2010 Inside this issue:
From President Hazel Reid O’Leary ’59
STUDENT ENGAGEMENT Homecoming 2010 2 Inaugural Homecoming 6 5K Run/ One Mile Walk
ACADEMIC EXCELLENCE Academic Affairs 8 Leadership Team Students Attending 9 Salzburg Global Seminar
ALUMNI RELATIONS Atlanta Fisk Gala 10 Reunion 2011 Classes‟ 12 Goals and Agents G.A.A.F.U. President‟s 13 Appeal
ADVANCEMENT & FUND RAISING From the Vice President 14 Annual Fund Monthly 15 Cumulative Report Coming Events 16
Thank you very much for your support of Fisk University. We are elated that this e-news magazine has received such a warm reception. It allows us to report on specific programs of the University and to keep you informed. We recently learned, for example, that The Washington Monthly ranked Fisk #29 among the 252 liberal arts institutions in the nation that were included in their rankings and #4 in research nationally. In addition, Fisk ranks #1 in research and #2 in social mobility among liberal arts institutions in Tennessee. In the overall rankings, Fisk ranks #1 among liberal arts institutions in Tennessee and #7 among liberal arts institutions in the South. In December 2009, the Southern Association of Colleges and Schools Commission on
Colleges (SACSCOC) reaffirmed our accreditation and requested a monitoring report on Fisk’s financial stability. We timely filed our monitoring report in November 2010. At its annual meeting held in December 2010, SACSCOC responded to our November monitoring report by determining that Fisk maintains its reaffirmation of accreditation with a six-month warning. SACSCOC gave Fisk until April 2011 to file additional information about our financial resources and stability. Therefore, in April 2011, Fisk will submit a follow-up monitoring report that addresses the financial stability issues.
The path to financial stability includes three elements: (1) a successful outcome with its 2009-2010 annual audit, (2) proving that we can achieve a successful outcome with the annual campaign, and (3) an increase in Fisk’s net assets base, which requires that Fisk increase its endowment.
At its mid-year meeting in June 2011, SACSCOC will have the following options: (1) to remove Fisk from Warning with or without an additional report; (2) to continue accreditation; (3) to continue Warning for six additional months with an additional report; (4) to place on Probation for six additional months with an additional report, with authorization of a Special Committee, or (5) to remove the institution from membership with the Commission on Colleges.
Fisk must show substantial progress in fundraising. To this end, we need to show $3.2 million on our books before April 1st. If alumni meet 70 percent or $1.4 million of the Alumni Goal , this will show SACSCOC that our fundraising goals are achievable and demonstrate financial stability.
Let me reiterate: Fisk University remains fully accredited. Federal funding for Fisk’s nationally ranked academic programs continues as does financial aid for students.
The most important thing that alumni and friends can do at this time is to (1) advocate for Fisk and talk about its nationally ranked academic and support programs; (2) recruit students for enrollment at Fisk; and (3) send their donations to Fisk.
We want to be sure that you receive your deductions when you file your taxes for 2010, and strongly encourage you to use one of your personalized labels that you recently received to send your year-end contribution now. On behalf of the Fisk family, we wish each of you and your families good health, happiness and prosperity.
Have you sent a gift today? Give online at www.fisk.edu OR phone (615) 329-8710 OR email supportfisk@fisk.edu.