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Strategic Priority 4

Secure the University's Financial Future

The Strategic Priority 4 Objectives are as follows:

  • By 2023, increase annual external sponsored program/contract funding by 10.4% over FY2018.
  • By Fall 2018, complete the capital / fundraising campaign Imagine the Future.
  • By 2023, increase alumni giving to 15% from 11.6% in 2018.
  • By 2023, increase charitable giving and donations from external sources (foundations, corporate, state, and local government and individuals) by 20 percent from FY2018.
  • By 2023, increase the University’s endowment by $1M each year from ~$50 million in FY2018.

The Strategic Priority 4 Implementation Strategies are as follows:

  • Launch and execute a national comprehensive fundraising campaign in support of AAMU’s strategic plan and high-priority initiatives.
  • Establish campus-wide policies and practices to generate new resources and foster greater self-sufficiency.
  • To generate additional revenues increase enrollment and offer a portfolio of degree programs and lifelong learning and professional development programs, including selective online programs to students in the region and across the globe.
  • Develop a Student Loan Default Management Plan to engage the University in campus-wide efforts to educate, track, and assist students to keep them on a path to success and away from defaulting on their student loans.
  • Implement and maintain a systematic and comprehensive approach to student loan repayment that will include calling and mailing delinquent student borrowers and promoting financial literacy and successful loan repayment.
  • Increase partnerships to create new opportunities for students, faculty, staff, and alumni.
  • Improve accountability and effectiveness through the use of technology for alumni and constituent relations, cultivation, and fund-raising.
  • Enhance and develop new relationships with research funding entities to broaden the University’s research portfolio and increase related funding.
  • Promote stronger collaborations and partnerships between the university and stakeholders that can make use of and strengthen AAMU’s research funding base.
  • Encourage and support entrepreneurial endeavors of faculty, staff, and students.