Based on summer reports, Meredith College’s financial and enrollment outlooks are strong.
The College ended the 2012-13 fiscal year on June 30, 2013, marking several financial successes. Meredith’s endowment has grown by $7.5 million, increasing from $75.6 million in June 2012 to an estimated $83.1 million in June 2013.
Annual giving for 2012-13 is also up by $1 million over 2011-12. Total giving this past year is $7.6 million, up from $6 million in 2012.
Meredith’s financial health was recently noted in the U.S. Education Department’s annual report on the financial responsibility of colleges and universities released on July 22. Meredith earned the highest rating given by the organization. The test uses an institution’s primary reserve, equity, and net income ratios as indicators.
Meredith is projecting an uptick in the number of new students enrolling in the fall. Applications are up across the board and selectivity has improved over years prior. Deposits from out-of-state students have increased by 35% and deposits from transfer students are up by 16%.
“These are the outcomes that our strategic plan has focused on,” said President Jo Allen, ’80. “We are excited to have such early positive results to report.”
The College’s Board of Trustees approved a new strategic plan in October 2012.