5. Grow Resources and Learning Infrastructure
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Aspirations

5

Grow Resources and Learning Infrastructure

Building the capacity to execute this plan requires more capital—financial, physical, and human. We will work intelligently to expand our endowment, cultivate resource-rich partnerships, secure more foundation and grant support, and grow our campus infrastructure to assure that we determine our destiny.
To achieve this Aspiration, we will…

In concert with this “In Pursuit of Excellence – 2021” Strategic Plan, plan and execute a three-year, $5 million capital campaign.

 

Prioritize enrollment growth, fund-raising, grant awards, and partnerships as well as sponsorship opportunities to strengthen the University’s financial base. All senior leadership will work with the President and Development Office to be trained as “educational entrepreneurs” and share responsibility to contribute to raising resources to advance University and departmental aims.

 

Identify and pursue appropriate alternative sources of revenue generation for the University to enable it to further meet its educational and service mission.

 

Establish a joint President-Trustee committee to develop a master facilities expansion plan with the clear intent of exploring ways to grow the current physical campus(es) to better meet emerging needs as well as widen our presence in the communities that we serve.

 

Better leverage technology to strengthen current instructional spaces through a comprehensive review of our existing informational technology infrastructure and a multi-stage strategy with prioritized recommendations for immediate improvement.

Principle Initiatives

2019

  • Richmont has successfully increased the number of external grant awards received by the University by over 90% on average, each year between 2019 to present.
  • As part of Richmont’s commitment to promoting diversity and fostering inclusion, culturally diverse corporate leaders continue to be pursued for expanding the Board of Trustees. Three such members have been added since June, 2019.

 

100% Complete or Complete & Ongoing

2020

  • Further defining Richmont’s commitment to student success, Richmont’s Information Technology team has begun implementation of a new Learning Management System, and completed the installation of smart classrooms across both campuses. By continuing to leverage new technology, Richmont’s infrastructure and systems are competitive with top universities.

 

100% Complete or Complete & Ongoing

2021

  • Continue and successfully conclude the capital campaign
  • Identify and negotiate with hardware/software developers that provide deep discounts to educational institutions

 

100% Complete or Complete & Ongoing