Did you know that over 50% of Amherst’s annual operating budget comes from the endowment distribution? What does that mean for the College’s operations?
Amherst College is a mission-driven organization. At the same time, in many ways, it functions as a business which needs to manage within finite resources. It also has a unique business model within higher education as greater than half of its operating revenue comes from the annual endowment distribution (at the vast majority of US higher education institutions, tuition revenue represents the largest revenue source). Learn how the College’s financial model really works and about the College’s resource allocation processes. Participants will review how departmental budgets work at the College and share suggestions on how to effectively create and monitor departmental budgets.
This session is a professional development opportunity for all staff and faculty.
After this session you will be able to:
- better understand the College’s financial model including the primary sources of revenues and expenses.
- better understand the College’s financial decision making processes and annual budget calendar.
- consider how you might contribute to the College’s financial decision making efforts.
Presenters Tom Dwyer, Director of Financial Planning
|Wednesday, August 19
||9:00 AM - 11:00 AM