PRESIDENT THOMFORDE ADDRESSES
FINANCIAL STATE OF THE COLLEGE

In the months ahead, Moravian College will be required to make difficult choices so that it can continue to advance its mission: preparing students to lead and serve for the common good.

Current worldwide economic conditions, compounded by sharply rising health care and utility costs, have created extraordinary challenges for institutions of higher learning. Yet "Moravian has a number of significant strengths that can help us secure, and even advance, our position," said President Christopher Thomforde at his January 21 update regarding the financial position of the College. "These strengths of people, plans, and recent accomplishments provide us with choices we can make in guiding Moravian through the troubled seas of economic uncertainty."

"We must continue to plan for future growth consistent with the initiatives of the Strategic Plan, while addressing the urgent economic pressures of today. Going forward, we will have to do the difficult work of prioritizing … informed by our Mission, Strategic Plan, MAP II, The Dream Commission Report, and the Salary Task Force report—not just reacting to expediency or only to market forces. My hope and expectation is that Moravian College will come through this very difficult process as a stronger institution, even more able to live out its mission in a vital and creative way and in a manner more commensurate with its resources."

The complete presentation is posted on AMOS, the Moravian College intranet. On the "Community" tab, see "From the Office of the President," and scroll down to "Handouts."