Enhancing financial resources
IU Southeast will strategically allocate its financial resources to initiatives that further the campus mission.
- Manage campus resources in accordance with the Higher Learning Commission’s standards for resource allocation, planning and institutional effectiveness.
- Use data to reach informed decisions ensuring educational purposes are achieved and internal and external factors are anticipated and considered.
- Continue a well-developed budgeting process that monitors finances and plans on the basis of current capacity and revenue and enrollment fluctuations.
- Continue to link planning and budgeting processes to assessment of student learning and operational evaluations.
- Allocate and realign funds to support programs and initiatives that recruit, retain and graduate students.
- Utilize the entire scholarship process (from allocation of funds, awareness of opportunities and timely notification of awards) to strategically recruit and retain students.
- Prioritize the allocation of new dollars and reallocation of current general fund dollars to scholarships and high-growth areas, in-demand academic programs and high-impact practices.
- Increase the general fund budget for institutional financial aid for recruitment and retention purposes and to improve the alignment with regional campus peers.
- Explore academic incentive grants to fund ideas generated by the IU Southeast community to support programs that improve diversity on campus.
- Develop actionable plans for any underutilized or dormant accounts with the IU Foundation to bring them current.
- Recognize and support revenue-generating programs that support lifelong learning while simultaneously utilizing our campus space to its fullest capacity.
- Explore and utilize funding models that support revenue-generating initiatives.
- Build and grow non-credit programming.
- Create a summer camp experience for Prekindergarten through 12th Grade (P-12) students.
- Secure business partnerships for student enrollment, use of campus space for corporate events and conferences and non-credit course offerings.
- Develop a comprehensive plan to host events on campus that incorporates the Ogle Center, Housing and Conference & Catering with the goal of increasing the number of outside events on campus.
- Secure external funding to support key campus initiatives that recruit, retain and graduate students.
- Develop a long-term funding plan for athletics that combines internal funding with community support and donor funding to increase scholarships to our athletes and enhance its current teams.
- Secure additional donations for renewable scholarships that can be offered to incoming students to target student retention and persistence, student experiential learning opportunities and study abroad.
- Secure external funding to support faculty research and scholarly activities; academic schools, programs and centers; mission-fulfillment initiatives; and institutional operating needs.
- Establish fundraising priorities for the next University capital campaign.