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President Knapp has laid out an ambitious but achievable goal to increase GW's investment in academic learning, research, and the student experience by $60 million per year. The plan is to build up to that $60 million level over the course of the next five years. This funding will come from three components: raising new funds from philanthropic sources; increasing the productivity of our research and instructional programs; and finding savings in our business processes. In other words, we will increase the rate of fundraising and the efficiency and productivity of our programs until, at the end of five years, we have reached the level of an additional $60 million per year (i.e., from that point onward) to invest in our priorities.
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The Innovation Task Force is seeking creative ideas to improve and strengthen our academic and business operations to be even better.
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GW is fortunate that, thanks to prudent planning and investment, we have not faced the financial hardships currently affecting other universities. This situation gives us a unique opportunity to continue enhancing the excellence in everything we do. In fact, precisely because we are a strong university in good financial condition, it is an opportune time to analyze our operations in a fresh manner to seek new means for pursuit of our mission.
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