St. Joe's Provides 'Phoenix Project' Update

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

The man in charge of raising money for Saint Joseph's College's effort to reopen says the Rensselaer school has made "good progress over the last 12 months." However, Vice President For Advancement Bill Hogan says, despite "positive strides," issues surrounding a farm credit loan made to the school have not yet been resolved.

In an open letter on Facebook, Hogan says the school has been experiencing the most difficult period in its 127-year history since suspending operations in mid-2017. He is among the leaders of the Phoenix Project, designed to help the school "rise from the ashes."

One encouraging note, says Hogan, is that all 43 Saint Joseph's College juniors who transferred to Marian University after the suspension announcement graduated on time.

In the letter, Hogan says most of the school's bills have been paid, and there is money available to carry forward into Fiscal Year 2019. However, he says the college needs another $1.3 million to maintain the school and keep hopes of reopening alive.

Hogan's open letter, in part, is below:

Thank you for your generosity during the most difficult period in the 127 year history of our beloved alma mater. We have made good progress over the last 12 months and I want to provide you with updates on what has transpired. We would enjoy reporting the resolution of the Farm Credit issue but although positive strides have been made, it is close but not yet completed. We know this is a source of frustration for many of us as you have heard this information before.

After the suspension of operations announcement in February of 2017, one of the priorities the SJC BOT established was to support our students and the good news is that the former St. Joe’s students have been able to transfer to another college or university. In fact, all 43 SJC juniors who transferred to Marian University for their final year graduated on time. This is remarkable:

These comments are not meant to diminish the suffering many Puma faculty, staff, students, alumni and friends had to deal with. Rather, it is important to note there are other colleges and universities that have experienced similar issues but our Board of Trustees deserves the credit for making the most of an extremely difficult situation. Several other institutions simply closed at the end of the semester without providing much help to their communities.

Your support of Saint Joseph’s College since June of 2017 has enabled the 17 dedicated staff members to press on for a brighter future. We are all taking a “leap of faith” at this point and currently, most of our bills have been paid and there is money available for carry forward in FY19. The major challenge is we need an additional $1.3M to be able to maintain St. Joe’s for 2018-19 to keep our hopes and dreams alive. Please thank the individuals who donated at this critical juncture when we needed it most and special thanks to the former BOT members because without their substantial financial support, we would not have been able to operate this past year. 

  • Perspectives

    • Ahh…Yes! Turning a Hot Mess into a Cool Breeze

      "Problems cannot be solved by the level of thinking that created them," is attributed to Einstein over 75 years ago. This still holds true, particularly in challenging communications. Many people address conflict at the level it was created by rehashing and building more evidence for their ‘side’ of an argument. Repeating a position tends to intensify the separation of people.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Aasif Bade (pictured left) is president and Patrick Chittenden (pictured right) is executive vice president of Ambrose Property Group.

      Waterside Developer: City Has 'Violated Our Rights'

      The chief executive officer of Indianapolis-based Ambrose Property Group says the firm is preparing for litigation regarding the future of the former GM Stamping Plant site. In a response to a letter from the city of Indianapolis this week, Aasif Bade says the city's continued threat of acquiring the site of the $1.4 billion Waterside redevelopment project through eminent domain "has violated our rights and is harming the community by putting Waterside in a state...

    • Purdue Global Now Offers Analytics Degree

      The U.S. Bureau of Labor Statistics reports that jobs in the field of data analysis are projected to grow 26 percent over the next ten years. Acting upon that data, Indianapolis-based Purdue University Global has launched a new Bachelor of Science degree program in analytics. 

    • Bob Stutz

      New Role For Salesforce Exec

      After three years on the job, Salesforce Marketing Cloud Chief Executive Officer Bob Stutz is moving into a new role. Stutz, who will remain in Indianapolis, is now executive vice president of strategic partners at Salesforce (NYSE: CRM).  Since arriving in Indianapolis, Stutz has overseen the establishment of the company’s regional headquarters in downtown Indianapolis, which included the Salesforce name being placed atop the state’s tallest building.

    • Red Star announced plans to expand and add 18 jobs.

      Larwill Medical Device Maker to Expand, Add Jobs

      A Whitley County-based medical device maker has announced plans to expand its facility in Larwill which should mean new jobs. Red Star Contract Manufacturing Inc. says it will invest $1.6 million in real estate improvements and additional equipment and will create 18 new jobs by 2022. 

    • (photo courtesy of the Center for the Performing Arts)

      Center for the Performing Arts Launches Naming Campaign

      The Center for the Performing Arts in Carmel is looking for its first-ever corporate naming partner. The nonprofit, which is approaching its 10th anniversary, says it hopes to find a partner with a “shared vision of advancing the arts and educational programming, unifying the community and extending the center’s impact.” The campaign to find a partner follows a strategic planning process, which involved an independent analysis from Chicago-based sponsorship...