Regardless of how long we have to manage the impact of this public health crisis, we know that we will inevitably have students who are returning to the college in the fall with more financial need and a different set of financial circumstances, both for themselves and for their families. We are also anticipating a smaller first-year class as a result of existing demographic shifts and new challenges brought by the pandemic. Our reality in higher education has changed and this historic moment will require us to be open, creative, and brave.
Understanding this reality, I want to share that I, my entire senior leadership team, and many of our direct reports (for instance, deans, associate/assistant provosts, associate vice presidents, and directors and executive directors) have elected to reduce our salaries for the entire fiscal year 2021. The amount of these reductions will be devoted to strengthening institutional financial aid for our students. This decision affirms our deep commitment to the success of the college and our students. This is the second year that members of the college leadership have made a decision surrounding our compensation to support the IC community and continue the momentum of the strategic plan.
Additionally, for FY21, many Ithaca College leaders have decided to make donations to support institutional financial aid.
Many of you have asked what you can do to help our students, one another, and our college during this time. I want to share that a fund has been established—the Student Emergency Relief Fund—through our Division of Philanthropy and Engagement, which offers direct support to our students who are struggling as a result of the impact of this pandemic. You may contact Erik Braun, email@example.com, for more information about this fund, or make a gift here.
Also, please know that our on-campus food pantry remains open to students, faculty, and staff, and will remain available to those who are impacted by decisions around the coronavirus pandemic or our workforce reduction. This Intercom article gives good information about how to access the food pantry during this time. If you would like to make a contribution to the pantry, please reach out to firstname.lastname@example.org.