20 Items

  1. FacultyStaff

    Financial Update from President Laurie Patton and EVP David Provost

    | by Laurie Patton and David Provost

    We write now with a small view into our financial future. Before we do, we thought it worth reminding you of our current fiscal state. In an earlier note we described how we are projecting a $13.0 million deficit for this year ending June 30, 2020, having been hit hard by the stock market downturn and a number of other factors. These include our obligation to refund unused room and board for undergraduates as well as fees from Study Abroad students, expected shortfalls in philanthropy, and lost revenue from auxiliary sources like the ski areas and bookstore as they needed to close early.

  2. FacultyStaff

    Updates on Wage Continuity

    | by Karen Miller and David Provost

    We want to follow up on David Provost’s recent email regarding the impact of COVID-19 on Middlebury’s finances. As David described, the impact is significant, and it will affect every department throughout our operations. Working through so many big questions, our top priorities continue to be wage and academic continuity.