OA FALL 2024 MAGAZINE

THE FINANCIAL CHALLENGE

The expansion of the student body inevitably leads to increased operational costs. While tuition and fees contribute to covering these costs, they are often insufficient in fully supporting the necessary expenses incurred by the College. “Just as many are experiencing the rising costs of goods and services in their personal lives, so is SMWC. Services that once were affordable

are significantly more expensive. Electricity cost alone has almost doubled since 2021,” said Enochs. Unlike public institutions, SMWC does not qualify for state funding to update physical spaces on campus. The College relies on competitive grant opportunities and the generosity of alumni and friends to fund the deferred maintenance that has been compounding for

decades. Neglected historical buildings create a plethora of expensive problems for the facilities and maintenance team to solve on shoestring budgets. For example, outdated plumbing, electrical work, masonry, boilers and more, in addition to all buildings needing 21st-century technology upgrades.

FINDING SOLUTIONS

“Raising the Woods Fund goal from $1.1 million to $3 million became imperative for Saint Mary-of-the-Woods College as it seeks to address its growing pains,” said Saunders

To effectively navigate these growing pains, SMWC must adopt a comprehensive approach. This includes setting ambitious fundraising goals and engaging with alumni, parents and the community to build a strong network of supportive donors and partners. In addition, the College must prioritize strategic planning that considers immediate needs coupled with long-term goals. “Raising the Woods Fund goal from $1.1 million to $3 million became imperative for Saint Mary of-the-Woods College as it seeks to address its growing pains,” said Saunders. Philanthropic support

will help fund the increasing operational expenses such as residential furniture, classroom technology and furnishings, along with the additional utility costs. Saunders continued, “The $3 million goal represents a strategic effort to secure the necessary resources to maintain and expand SMWC’s educational programs, invest in preserving and modernizing the historic buildings, and provide students with the financial flexibility to receive a high quality Woods education.” To remain the beloved institution it is and continue the mission of Saint Mother Theodore Guerin,

Saint Mary-of-the-Woods College must grow and evolve. Fostering a culture that remains resilient and cohesive amidst growth ensures that students feel connected to the institution and maintain the sense of community for which The Woods is known. The growth of SMWC presents both opportunities and challenges. While the increase in student enrollment is a positive indicator of the institution’s success, it also brings growing pains that must be addressed to ensure continued excellence. The road ahead requires careful planning and support of The Woods community.

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