Annual Giving Case for Support - Next is Now
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next <strong>is</strong> NOW
what’s next?<br />
next <strong>is</strong> NOW<br />
On March 3, 2015, with the announcement of the<br />
intended closure of Sweet Briar College, a <strong>for</strong>ce of<br />
will was released that demonstrated how a liberal arts<br />
education <strong>is</strong> vital to higher education today, how women’s<br />
colleges are more relevant than ever, and how Sweet<br />
Briar College, in particular, produces accompl<strong>is</strong>hed,<br />
fearless, impassioned leaders willing to take their<br />
destiny, and the destiny of the College that shaped them,<br />
into their own hands.<br />
We are, indeed, the women Sweet Briar made us,<br />
well equipped to ensure that young women across the<br />
nation and the world have the opportunity to be educated<br />
and empowered as only Sweet Briar can.
Our Future<br />
Has Begun<br />
Despite the multiple challenges resulting from the closure<br />
announcement, Sweet Briar women won: we took<br />
back the keys and we continue to propel our beloved<br />
College toward a future that sets the standard <strong>for</strong> the<br />
education of women in th<strong>is</strong> country and beyond, a future<br />
in which the beauty of the campus and its buildings are<br />
restored, a future that <strong>is</strong> worthy of our storied past.<br />
You, your s<strong>is</strong>ter alumnae, and Sweet Briar’s friends are<br />
the keepers of the keys to that future. Your financial<br />
support, at levels cons<strong>is</strong>tent with what we ra<strong>is</strong>ed in the<br />
Saving Sweet Briar movement, will unlock that future<br />
<strong>for</strong> generations of young women who demand and<br />
deserve the Sweet Briar experience.<br />
next <strong>is</strong> NOW
What’s <strong>Next</strong>?<br />
To realize our v<strong>is</strong>ion:<br />
• address the neglect suffered by the College over a<br />
period of many years;<br />
• provide operational expense relief in the wake of the<br />
closure attempt;<br />
• protect the College’s endowment, ensuring that the<br />
College’s m<strong>is</strong>sion continues: to educate and empower<br />
women — in perpetuity.<br />
Together, we can do th<strong>is</strong>.<br />
Our immediate need by June 30, 2016, <strong>is</strong> $30 million in<br />
additional unrestricted funds. Your gift now <strong>is</strong> more than a contribution;<br />
it <strong>is</strong> an investment in an extraordinary educational institution, the return<br />
on which will be reaped <strong>for</strong> generations to come. Thanks to your<br />
generosity, Sweet Briar’s future has already begun.<br />
Unlocking Our Success<br />
SWEET BRIAR FUND REVENUE SOURCES<br />
Acceleration of Saving Sweet Briar Pledges<br />
Gifts to the Sweet Briar Fund<br />
Challenge Gifts — matching gifts<br />
to the Sweet Briar Fund by v<strong>is</strong>ionary donors<br />
$10 million<br />
$10 million<br />
$10 million<br />
$30 million
Our Path to Sustainability<br />
Sweet Briar Fund Endowment Auxiliaries<br />
External Grants Tuition & Fees<br />
FY ’16 (228)<br />
FY ’17 (324)<br />
FY ’18 (433)<br />
FY ’19 (539)<br />
FY ’20 (674)<br />
* Figures in parentheses are projected student enrollment<br />
* Endowment draw-down rate <strong>is</strong> 5% each year<br />
Five-year growth in revenue from tuition, fees, grants and auxiliary<br />
enterpr<strong>is</strong>es will lead to decreasing reliance on the Sweet Briar Fund<br />
<strong>for</strong> operating expenses. Increasing budgetary health will allow us to<br />
grow our endowment and meet future capital needs.<br />
next <strong>is</strong> NOW
5 Keys<br />
to a Sustainable, Thriving<br />
Sweet Briar<br />
Continue, even improve, Sweet Briar’s m<strong>is</strong>sion<br />
to prepare young women to lead lives of great<br />
significance.<br />
Women’s colleges are more relevant today than ever be<strong>for</strong>e, and<br />
women leaders in all areas of our global society have never been more<br />
needed. For example, although only two percent of college graduates<br />
nationwide are from women’s colleges, we constitute more than 28<br />
percent of the women on Capitol Hill and a similar percentage in<br />
corporate boardrooms across America. Whether it <strong>is</strong> the community in<br />
which they live, the industry in which they work, or the causes to which<br />
they commit themselves, Sweet Briar women will continue to be well<br />
equipped to live lives of great significance that can change the<br />
world.<br />
Implement cutting-edge best practices to increase and<br />
sustain enrollment.<br />
Enrollment growth <strong>is</strong> the single most important key to Sweet Briar’s future,<br />
the metric by which Sweet Briar will be judged in the years immediately<br />
ahead. All eyes are upon us. And all available tools must be<br />
employed to attract the kind of students who are likely to become<br />
graduates; bright, capable women who will mirror the success of<br />
today’s alumnae. In addition to Adm<strong>is</strong>sions staff, more than 400 Alumnae<br />
Adm<strong>is</strong>sion Recruiters are mounting an unprecedented campaign to recruit<br />
200+ new students each year who will pers<strong>is</strong>t through graduation.
Reduce expenses, responsibly.<br />
Finding the delicate balance between reducing expenses and rebuilding<br />
our faculty and admin<strong>is</strong>tration <strong>is</strong> no simple matter. The College’s Board of<br />
Directors and admin<strong>is</strong>tration are committed to targeted expense<br />
reductions and increasing efficiency, adopting a balanced approach<br />
to mitigate the effects of the closure attempt and lawsuit resolutions.<br />
Enhance revenue from auxiliary enterpr<strong>is</strong>es while<br />
protecting endowment assets.<br />
Numerous sources of additional revenue have been underutilized<br />
in recent years. Realizing such revenue streams will help to fulfill the<br />
College’s commitment to reduce the draw-down rate on<br />
endowment to no more than five percent annually, starting with the<br />
current budget, as compared to an average of more than eight percent<br />
per year over the last decade.<br />
Chart a clear course that shows where we’re going and<br />
how we will get there.<br />
Only five months into Sweet Briar’s future, our rebuilding has progressed<br />
exponentially, with a new President and admin<strong>is</strong>tration dedicated<br />
to perpetuating our value and values; a new Board committed to<br />
transparency and strategic planning and budgeting; and a new,<br />
invigorated Alumnae Alliance prom<strong>is</strong>ing an era of reborn<br />
engagement. Our strong, vibrant community will meet the challenges<br />
of the next five years head-on to ensure a thriving, sustainable Sweet Briar.<br />
next <strong>is</strong> NOW
Please consider a truly significant gift now. Your gift to<br />
th<strong>is</strong> Special Initiative <strong>for</strong> the Sweet Briar Fund shows your<br />
strong belief in Sweet Briar’s future — in perpetuity.<br />
Drawing ©<br />
Edith Schermerhorn<br />
1980<br />
Office of Alumnae Relations and Development<br />
P.O. Box 1057<br />
Sweet Briar, VA 24595<br />
sbc.edu/alumdev<br />
alumnae@sbc.edu<br />
800-381-6131<br />
next <strong>is</strong> NOW