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Strategic Plan for Financial Stability and Realignment of Academic and Administrative Services

Fisk University

  • Program Exploratory and Special Projects
  • Program Area Historically and Predominantly Black Colleges and Universities
  • Grant Amount $250,000
  • Grant Period July 1, 2007–June 30, 2008
  • Location Nashville, TN, United States
  • Geographic Focus Tennessee

About this grant

This grant will provide support to Fisk University for its financial stability and realignment of academic and administrative services. Among Historically Black Colleges and Universities, Fisk University consistently ranks among the top academically. Its 63 percent graduation rate is exemplary given its high number of low-income, first-generation college students. More Fisk alumni earn doctorate degrees in the natural sciences than African-American graduates from any other college or university in America. In order to maintain its tradition of excellence, the university is currently realigning its academic and administrative programs to address financial difficulties. Initial cost-saving measures include reducing administrator salaries, removing deferred maintenance from the budget, and discontinuing certain sports programs. At the same time, officials have begun implementing plans to increase revenue through enrollment management and fundraising.