A campaign to re-envision the future of Goddard College
Goddard is launching our largest fundraising effort to date to raise $4 million by June 30, 2020 to realize a future for the College as a thriving and financially durable institution, as a leader in higher education innovation, and to solidify Goddard’s essential and unique contribution to the academic landscape.
Join us. Let’s explore what we can make possible together.
Goddard College has empowered students through a learner-centered model that allows them to direct and design their own course of study since 1938. Goddard has been a historic leader of progressive education in the US, and has a rich legacy of producing some of the finest artists, activists, social entrepreneurs, leaders, educators, psychologists, and academic minds that have shaped the culture of the 20th and 21st Century.
We offer a compelling alternative to the traditional college model – a learner-driven, low-residency, experiential education that serves a post-traditional student base, and that is more affordable and accessible than almost any other college of our caliber. Now Goddard is looking to the future, inspired by a vision to revitalize our mission-minded experimentation and explore new learning partnerships and opportunities. We want the College to thrive and Goddard to rise to the next level of positive impact in the world.
To accomplish this, we are seeking partners who share this vision and want to join in creating a better, more hopeful, humane, and inspiring education system.
We invite you to participate in the next phase of Goddard College. Your involvement will determine whether Goddard’s crucial role in higher education will survive and thrive. The funds that we raise from now until April are an expression of our shared belief in the importance of this deeply human and empowering approach to education.
Together4Goddard Campaign Toolkit
Founded in 1938 on the belief that student voice and choice should be at the center of their education, Goddard College was one of the first colleges in the country to allow students to entirely direct and design their own course of study. Our learner-centered model empowers students to create an education experience that is deeply personal, transformative and relevant.
Our students are people of all ages who seek to address change in the world while undertaking their studies. Goddard has a long tradition of serving post-traditional learners – from single-parent learners, to first-generation college students, to creatives who combine multiple disciplines in their fields. The College’s acclaimed low-residency model provides the flexibility and cost-effectiveness to best serve these students, making their education relevant and accessible.
Goddard College has been a historic leader of progressive education in the US, pioneering many new models of higher education on the frontlines of academic experimentation and innovation. Goddard was the national pioneer of the first Low-Residency Program in 1963, the Design Build Program in 1969, and the Single Parent Program in 1986. In addition, Goddard offered many experimental academic initiatives and partnerships, such as the Goddard-Cambridge Program for Social Change and the Institute for Social Ecology.
Goddard has produced some of the finest artists, activists, social entrepreneurs, educators, and academic minds that have shaped the culture of the 20th and 21st Century, including author and director David Mamet, actor William H. Macy, jazz musician Archie Shepp, Bread & Puppet Theater, former White House correspondent Ellen Ratner, members of the rock band Phish, and activist and gold medal Olympian Tommie Smith.
As a largely tuition dependent institution without cash reserves or a significant endowment for most of its history, Goddard is vulnerable to enrollment fluctuations. The national declining enrollment trends for many small colleges – especially in New England – has hit the College very hard.
In October of 2018, the New England Commission of Higher Education (NECHE) placed Goddard College’s accreditation on probation for concerns over governance and finance. We have until NECHE’s site visit on April 20, 2020 to showcase our ability to bring the College into financial stability and meet all of the NECHE standards.
Since being appointed President in November 2018, Dr. Bernard Bull has implemented a plan to build a solid financial foundation for the College by reducing expenses, increasing cash reserves and growing the endowment. The goal of financial stability is paramount to the College’s success and significant gains have been made over the past year to stabilize the institution and position it for growth.
Our best chance to demonstrate financial stability to the accreditors is to build a cash reserve that is equal to 6 months of our operating budget, or $4 million. It is critical that we raise a minimum of $4 million by the end of our fiscal year on June 30th, and the majority of this prior to NECHE’s April visit. The more cash reserves that we build by that time, the better our chances of being financially viable, maintaining accreditation, and saving Goddard College.
Once the necessary 6-months of cash reserves have been built, additional funds will be used to grow the endowment, with a multi-year goal of building an endowment of $15 million.
These efforts have made a significant difference and the plan forward is a sustainable one. Currently, the College is operating within a balanced budget, however Goddard remains vulnerable to future enrollment fluctuations and unforeseen expenses. For this reason, we are seeking to secure additional resources from our alumni, partners, and friends of the College.