Another Private College on the Brink - Scott Jaschik, Inside Higher Ed

Iowa Wesleyan University was founded in 1842, four years before Iowa became a state. But this year could be the college's last. Steven E. Titus, president of the university, posted a statement to its website last week in which he said that "at this moment, the university does not have the required financial underpinnings to bridge the gap between strong enrollment and new programming, and the money needed to keep the institution open." He added, "The university does not have a healthy endowment or extensive donor network. We have attempted to secure funding to establish a solid financial base. Unfortunately, several anticipated gifts simply have not materialized." His statement said that the board would convene on Nov. 15 to consider the future of the college and that the institution would be trying to raise money or create new partnerships between now and then. https://www.insidehighered.com/news/2018/11/05/iowa-wesleyan-could-become-latest-small-college-close