Chancellor’s Workgroup: Fund the Vision
Sharon Boyd
AVC, Business Services
Dr. Rob Burrus
Dean, Cameron School of Business
Dr. Carrie Clements
Professor, Dept. of Psychology
Dr. Jennifer Horan
Associate Professor, Dept. of Public & International Affairs
Stefanie Powell
Chief Audit Executive
Dr. Bob Roer
Professor, Biology & Marine Biology
Dr. Aswani Volety
Dean, College of Arts and Sciences
Christy Ward, Chair
AVC, University Advancement
Cabinet Representative: Dr. Rick Whitfield, VC Business Affairs
Special Thanks To: Eddie Stuart, VC University Advancement
Sara Thorndike, AVC Finance and Controller
UNCW Actual Revenue By Source FY 14
Fund the Vision – Areas of Focus
1. Legislative Advocacy
2. Enrollment
 Growth
 Tuition/Fees
3. Efficiencies, Procurement and Resource Allocation
4. Grants and Contracts (including Federal)
5. Auxiliary Services
6. Private Support
 Institutional (Academic and Student Life)
 Athletics (Gifts, Ticket Sales, Sports Marketing)
Fund the Vision – Goals
1. Ensure the state continues to support the institution 2. Strategically manage enrollment and tuition/fees to maximize funding 3. Maximize opportunities for fiscal sustainability and institutional efficiencies 4. Increase extramural research funding 5. Ensure auxiliary services provide value to students and the university 6. Increase private support through best fundraising practices
FUND
GOALS
METRICS
OWNER(S)
TIMING
Objectives / Drivers
1. Ensure the state continues to support the institution
Legislative Advocacy
• Educate legislators and the public about the positive economic impact of UNCW
• Increase involvement in legislative advocacy by key faculty, volunteers and friends of UNCW
 Increase # of face to face meetings between UNCW and state legislators by X%
 Publicize economic impact of UNCW
 Chancellor
 Provost
 Asst. to Chancellor, Govt. Relations
 Exec. Dir., UR
 Faculty Senate President
 Faculty Assembly Reps
 Immediate
 Identify X key members of the faculty leadership, and other advocates who help convey key messages from UNCW to the legislature to ensure that UNCW participates in appropriations favorably compared to system peers
 Exec. Dir., UR
 Asst. to Chancellor, Govt. Relations
 Faculty Senate President
 Faculty Assembly Reps
 Immediate
FUNDING
FUND
GOALS
METRICS
OWNER(S)
TIMING
Objectives / Drivers
1b. Ensure the state continues to support the institution
Legislative Advocacy
• Advocate for an increase in the “carry forward” percent allowed, to increase fiscal prudence on campus, and to give the campus increased flexibility
• Advocate to ensure that R&R funds are built into every budget
 Identify X key advocates, including trustees, who can carry forward to the legislature the benefit of this increase
 Maximize the carry forward
 Maximize R&R in state biennium funding
 Asst. to Chancellor, Govt. Relations
 VC BA
 Provost
 Immediate
• Advocate for modification of the summer school restricted use of funds rules, so that revenue may be used outside of summer school term
 Identify and educate X key advocates, including trustees, who agree to carry forward to the legislature the benefit of this change;  Generate $X in actual new net revenue
 Asst. to Chancellor, Govt. Relations
 VC BA
 Provost
 Immediate
FUNDING
FUND
GOALS
METRICS
OWNER(S)
TIMING
FUNDING
Objectives / Drivers
2. Strategically manage enrollment and tuition/fees to maximize funding
Tuition and Fees
• Model the relationship between enrollment growth and tuition/fees increases to assess optimal timing for tuition/fees changes and enrollment growth
 Create objective model of change impacts to enrollment and tuition/fees
 VC BA
 Provost
 AP Enrollment
 AP Institutional Research & Assessment
 Academic Deans
 Ongoing, beginning Spring 2016
• Consider optimal tuition differentials (both existing and new) for selected programs
 Assess viability of existing and new tuition differentials for programs within each college
 VC BA
 Provost
 Academic Deans
 Ongoing, beginning Spring 2016
FUND
GOALS
METRICS
OWNER(S)
TIMING
FUNDING
Objectives / Drivers
2b. Strategically manage enrollment and tuition/fees to maximize funding
Graduate enrollment
• Increase graduate enrollment funding through existing programs
 Increase enrollment in existing, targeted, high‐
revenue programs that can be scaled according to 12‐cell matrix and incorporate TAs as appropriate
 Provost  Dean of Grad. School
 Academic Deans
 Dept. Chairs
 Graduate Coordinators
 Ongoing, beginning Fall 2016
• Increase # of graduate programs
 Obtain approval for existing requested new programs
 Work with departments on new program concepts
 Develop business plan for X new graduate programs
 Request approval for X new graduate programs
 Provost  Dean of Grad. School
 Academic Deans
 Dept. Chairs
 Graduate Coordinators
 December 2015
 Summer 2016
 December 2016
FUND
GOALS
METRICS
OWNER(S)
TIMING
FUNDING
Objectives / Drivers
2c. Strategically manage enrollment and tuition/fees to maximize funding
International and on‐line enrollment
• Increase international applications, enrollment and funding
 Ensure that UNCW is present at X targeted international college fairs
 Form X new partnerships with universities outside the U.S. to drive student exchange
 AP Enrollment
 AVC International
 Academic Deans
 Ongoing, beginning Fall 2016
• Increase enrollment in face‐to‐face and on‐line programs that maximize funding based on the 12‐
cell matrix
 Obtain approval for existing requested new programs
 Work with departments on new program concepts
 Provost
 Academic Deans
 Dept. Chairs
 Ongoing, beginning Fall 2016
FUND
GOALS
METRICS
OWNER(S)
TIMING
FUNDING
Objectives / Drivers
3. Maximize opportunities for fiscal sustainability and institutional efficiencies Efficiencies, Procurement and Resource Allocation
• Consider and leverage current and future debt refinancing opportunities directing interest savings to strategic goals
• Commit a portion of future tuition increases (CITI) to address faculty and staff salary compression and inversion
 2016‐17 $500,000
 2017‐18 $500,000
 2018‐19 $500,000
 2019‐20 $500,000
 VC BA
 VC UA
 5‐year plan, with ongoing review
 2016‐17 80% market  2018‐19 90% market
 2020‐21 100% market
 CITI committee
 VCs
 5‐year plan, with ongoing review
FUND
GOALS
METRICS
OWNER(S)
TIMING
FUNDING
Objectives / Drivers
3b. Maximize opportunities for fiscal sustainability and institutional efficiencies Efficiencies, Procurement and Resource Allocation
• Ensure that each non‐
academic center and institute is self‐sustaining
 Require 5‐year sustainability plan for each non‐academic center and institute
 VC BA
 Provost
 Academic Deans
 AP Research
 Ongoing, beginning Spring 2016
• Evaluate campus procurement policies
• Explore collaborative purchasing arrangements with state and sister institutions  Implement plans based on evaluation and exploration
 VC BA
 Ongoing, beginning Spring 2016
FUND
GOALS
METRICS
OWNER(S)
TIMING
 Provost
 AP Research
 Dir., SPARC
 Hiring over 2 years
Objectives / Drivers
4. Increase extramural research funding Grants and Contracts
• Increase University financial support for research through increased capacity and expertise in SPARC
 Hire X experienced FTE who are proven collaborators to work with current faculty and increase research opportunities
• Incentivize faculty to attract research funding
 Develop and implement equation for  Provost teaching load reduction based on  AP Research
grant acquisition
 Academic Deans
 Increase Cahill grants from $60K to  Dept. Chairs
$200K per year, and limit grants to seeding proposals
 Create mechanism for faculty feedback related to extramural funding processes
 Provide course‐release incentives for PI faculty engaged in writing grant applications valued at $500K + DC
 Fall 2016
FUNDING
FUND
GOALS
METRICS
OWNER(S)
TIMING
 AVC HR
 AVC Finance
 AP Research
 Dir., SPARC
 Ongoing, beginning Fall 2016
 Annually
 AP Research
 Dir., SPARC
 Academic Deans
 Ongoing
Objectives / Drivers
4b. Increase extramural research funding Grants and Contracts
• Train administrative staff across the university in grant administration process
 Provide training for all newly hired academic administrative staff on grant acquisition  Provide annual professional development training on best practices/changes thereafter
• Provide grant‐writing workshops for various disciplines
• Provide opportunities for faculty to meet with funding agency representatives
 Hold four workshops annually
 Agency representatives brought to campus – at least one per semester
 Bimonthly trips to DC for one‐
on‐one meetings with program directors
FUNDING
FUND
GOALS
METRICS
OWNER(S)
TIMING
Objectives / Drivers
5. Ensure auxiliary services provide value to students and the university Auxiliary Services
• Continue managing auxiliaries contracts and investments soundly and manage distribution of net revenue to support strategic priorities of the university
 Distribute $600K in FY 2015‐16  Increase distributions commensurate with enrollment growth, CPI and revenue growth
 AVC, Bus. Svcs.
 VC BA
 VC SA
 AD
 Provost
 Ongoing
• Leverage the UNCW brand and increase licensing revenue to support strategic priorities of the university
 Distribute $100K in FY 2015‐16
 Increase distributions commensurate with brand growth
 AVC, Bus. Svcs.
 VC BA
 VC SA
 AD
 Provost
 Ongoing
FUNDING
FUND
GOALS
METRICS
OWNER(S)
TIMING
Objectives / Drivers
6. Increase private support through best fundraising practices
Private Support
• Mount a comprehensive fundraising campaign to attract philanthropic support to build a great university  Develop a campaign goal and timeline through analysis of prospect and alumni pool as well as fundraising results data
 Identify funding priorities, targets and naming opportunities for the comprehensive campaign to support great students, faculty, programs and facilities
 VC UA
 AVC UA
 Deans/Directors
 Provost
 June 2016
• Continue to incorporate best practices into the university’s fundraising programs
 Meaningfully engage, recognize, honor and cultivate alumni and friends  Call on prospective donors with frequency and intentionality
 Target communication and marketing toward building institutional support
 Chancellor
 VC UA
 Deans
 Exec. Dir. UR
 Ongoing
FUNDING
FUND
GOALS
METRICS
OWNER(S)
TIMING
Objectives / Drivers
6b. Increase private support through best fundraising practices
Private Support
• Goal
• Goal
 Metric
 Metric
 Name
 Name
 Time
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 Name
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FUNDING