By: Sydney Umstead, News Editor
On Nov. 11, The Office of the President announced the members of the task force that will be making decisions on the prospective $15 million that will be cut from the budget. The task force is set to come to a decision in March of 2025.
The email reads as follows:
I am writing to share an update about the Institutional Sustainability Task Force, which I announced last month. This task force is charged with helping the university address its structural deficit and reposition Canisius for long-term financial sustainability.
The significant challenges facing our university, including changing demographics, increased tuition discounting, and an eroding public perception of the value of higher education are real. To secure Canisius' future, we must reshape the institution by reducing its annual operating budget by $15 million over the next two fiscal years. The intent is also to reinvest 30% of this amount back into the university through the priorities and initiatives outlined in our strategic plan – Answer the Call.
The Institutional Sustainability Task Force will be integral in that endeavor and has been charged with the following objectives:
Financial Sustainability: Identify opportunities to reduce the university's annual operating budget by $15 million over the next two fiscal years and make recommendations related to the identified expense reductions by March 2025.
Stakeholder Engagement: Engage with key stakeholders, including students, faculty, staff, and alumni to gather input and ensure the task force's recommendations align with the university's strategic vision.
Implementation Plan: Develop an implementation framework to guide the consideration of the task force's recommendations, including timelines, resource requirements, and key milestones.
The following individuals have been selected to serve on the task force and we are grateful for Anthony B. Habib ’95 and Nancy Wallace, PhD for their leadership as co-chairs of the task force:
Bob Baumet, Vice President, Finance & Administration
Jerry Canda ’86, Member, Board of Trustees
Eileen Crotty Sendor ’78, Member, Board of Trustees
Anthony B. Habib ’95, Member, Board of Trustees (Co-Chair)
Shannon Jemiolo, Assistant Professor, Accounting
Marja’e Johnson ’26, Undergraduate Student
Meg Keller-Cogan, Director, Educational Leadership and Supervision
Lisa Liotta, Deputy Director of Athletics & Senior Woman Administrator
Susan Margulis, Professor, Biology & Animal Behavior, Ecology, and Conservation
Lawrence Potter, Vice President, Academic Affairs
Tom Prince, Director, User Services
Jenna Quinn ’26, Graduate Student
Ian Redpath, Professor & Chair, Accounting
Graham Stowe, Assistant Professor, English & Director, Writing Center
Nancy Wallace, Dean, School of Education & Human Services (Co-Chair)
Please join me in advance to express gratitude to each member of the task force for their contribution of time, talent and effort to this important initiative. As we look forward, I encourage all members of the Canisius community to engage in appropriate ways with the task force as we work to shape the future of our beloved Canisius University. Your input and support will be critical to the success of this important endeavor. More will be shared about the work of the task force in the weeks and months ahead.
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