The University of Notre Dame on Friday announced a $75 million gift -- the largest ever to the university -- from John W. Jordan, an alumnus and trustee. The money will be used for "the creation of a world-class research program in an area of science and technology that is new to Notre Dame and that has the potential to create innovative intellectual property that has important commercial potential."
The University of Scranton announced Wednesday that the institution is making "difficult" cuts of $4 million, due to rising costs and a smaller than expected freshman class for the current academic year, The Times-Tribune reported. The cuts involve some layoffs, but university officials declined to say how many.
South Carolina State University is running out of money, and lacks the funds to make payroll next month, The Times and Democrat reported. Officials said the university nearly was unable to make payroll this month, but was saved by a commission check from Sodexo, the dining services contractor, which nearly didn't get paid because the university owes Sodexo $2.3 million. The historically black university is appealing to the General Assembly for $13.6 million for current bills and those about to be faced by the institution.
Authorities arrested 18 students Wednesday who refused to leave the area of the president's office at the University of Texas at Austin, The Austin American-Statesman reported. The protest was over a "shared services" plan in which certain functions that have been performed at the departmental level will instead be centralized. The plan is expected to save a lot of money, and also to eliminate many jobs. The university released this summary of the plan and its rationale, noting that it has not been finalized.
Mid-Continent University, a private institution in Kentucky, will close June 30, KFVS 12 News reported. The university has been financially struggling, and facing rumors about a possible closure for months. All employees received layoff notices, and the university hopes that some faculty members will volunteer to allow a final cohort of students to graduate. The university enrolls about 300 students on campus, and another 600 online or through off-campus programs.
Dartmouth College today announced a $100 million gift, the largest in the college's history. Half of the gift will match other gifts. The donor is anonymous. A major use for the funds will be Dartmouth's cluster hiring initiative, in which groups of faculty members will be hired with various interdisciplinary research agendas.
Harvard University plans to sign the United Nations-backed Principles for Responsible Investment framework. The move does not force the university to take a specific action, like avoiding certain stocks or divesting from fossil fuel producers, which the university has declined to do, but obliges it to consider environmental, social and governance records to the extent they affect investments. A Harvard spokesman said the university will integrate “energy consumption, greenhouse gas emissions, and resource scarcity, and social issues such as health and safety and employee productivity into investment analysis.” Harvard President Drew Faust also announced Monday the university will do more to confront climate change by supporting climate change research and continuing to cut greenhouse gas emissions caused by the campus.