Saint Joe Gives More Info About Transition

Posted: Updated:
(photo courtesy of Saint Joseph's College) (photo courtesy of Saint Joseph's College)

Saint Joseph's College has released a larger batch of information regarding the steps that led up to the Board of Trustees decision to halt operations in Rensselaer. In an updated online FAQ, President Robert Pastoor says the 125-year-old institution is going through "truly one of the most difficult points in the history of Saint Joseph's College."

He adds the goal is to "find a way for SJC to overcome the present challenges and be resurrected with its mission intact."

The updated Frequently-Asked Question section covers much of what Inside INdiana Business and other outlets have been reporting since the board's announcement more than two weeks ago, but also attempts to put into perspective the transition period that will come after this May's graduation. No decision has been made yet on how long that period will be, but the school says it will start by establishing a transition team to examine a full slate of issues including finances, academics, campus facilities, athletics and faculty and staff.

It also mentions a small group appointed by the board to investigate potential partnerships with other schools that will report its findings to the board by June 30, 2018.

The FAQ section lays out the financial state of the school, including some $27 million in debt, $35 million in anticipated deferred maintenance costs and nearly $14 million in tuition discounts and scholarships awarded each year. It also provides information on questions including:

  • How did the college's debt get so high?
  • What research was conducted, and what were the findings, relevant to the Waugh property and its ability to help the college execute its transformation plan?
  • Where did the dollars go that were raised in recent years?
  • Why did the college's actions change so suddenly from business-as-usual to closure?
  • Is SJC still doing fundraising, i.e. trying to raise $20M by June?

A group of former SJC students had recently mounted a campaign seeking additional information they said was not being provided by the administration or board. In an interview with Inside INdiana Business, President Pastoor refuted the alumni group's assertion that the process has not been transparent.

  • Perspectives

    • Creating the Work Spaces that Draw Talent to Indianapolis

      The future economy will be driven by data, powered by robotics and heavily invested in the building blocks of nature – biotech and genetic engineering. That’s true of the economy nationwide, and it’s especially true here in Indianapolis, where dominant pharmaceutical and biotech companies are putting us at the cutting edge of the science-based economy. It all sounds larger than life. But the facilities that will house these industries will always be...



  • Most Popular Stories

    • Amanda Stephenson is the founder and president of Expert RN|MD. (Inside INdiana Business Photo/Mary-Rachel Redman)

      Medical Consulting Firm Opens Downtown Indy HQ

      A medical consulting startup is celebrating the grand opening of its new downtown Indianapolis headquarters. The Indiana Economic Development Corp. says Expert RN|MD, which provides medical consultation services to law firms and life science companies, is investing $1.7 million in the new location and plans to create up to 21 jobs by the end of 2023. The firm was founded in 2018 and recently renovated the 4,000-square-foot space in the downtown's Wholesale District. In an interview...

    • Allison and Stanley Chen provided the lead gift for the campaign. (Provided Photo/ISI)

      International School Launches Capital Campaign

      The International School of Indiana has publicly launched a capital campaign to establish a unified campus in Indianapolis. As part of the ONE ISI campaign, the school is looking to raise $6.5 million to build a new school building for pre-elementary and elementary students at the site of its middle and high schools. The public launch follows a 10-month silent phase of the campaign, during which ISI raised $5 million from more than two dozen donors. Currently, ISI's operations are...

    • Rendering courtesy of the city of Fort Wayne

      Mayor Henry Announces Developer for $70M Project

      Fort Wayne Mayor Tom Henry has named Indianapolis-based Barrett & Stokely the developer for a $70 million project on the city's riverfront near Promenade Park. The company was selected from a group of five firms that submitted requests for proposals to spearhead the project.

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.

    • The person selected will fill the vacancy on the ballot left by Mike Pence.

      Vice President Pence to Visit Indy for Free-Trade Discussion

      Vice President Mike Pence will return to Indianapolis on Sept. 26 at an event to discuss the free trade agreement with Canada and Mexico. A panel will discuss the United States-Mexico-Canada Agreement, or USMCA, starting at 12:15 p.m. Sept. 26 at MacAllister Machinery, 6300 Southeastern Ave.