Thursday, May 2, 2024

Northland Delays Closure Decision Following Donations - Josh Moody, Inside Higher Ed

The Board of Trustees at Northland College has delayed making a decision on whether to close due to financial issues, citing “several transformative donor gifts” received this week. “While Northland is still short of its total funding needs, these gifts considerably impact what is possible. In light of this, the Board of Trustees believes the right thing to do is to reconvene with the Faculty Ad Hoc Exigency and Operations and Budget Committees to continue the work of bringing together proposed adjustments and the new budget realities,” Northland College officials said in a statement Tuesday. “This will continue to require a strategic academic re-prioritization and the need for serious decisions, but we are hopeful about the future.”