Brief Summary of the CU Financial Monitor Report of Feb 15, 2022
by Mariam Cantelmi AR’95, Chair of the Annual Fund and Lou Manzione ChE’75, Alumni Trustee
The annual report of the Cooper Union financial monitor (Kroll Associates, Inc) was issued recently and it shows continued progress toward the Plan to return to full tuition scholarships (find the full report HERE).
According to the report, this encouraging development is a result of impressive financial progress CU has achieved during an extraordinarily challenging year for all academic institutions. The Plan remains on schedule to incrementally reduce dependence on tuition revenue while growing the percentage of students receiving full tuition scholarships! Thanks to the efforts of President Sparks, the senior officers, the faculty and the staff, there is continued progress on operating results and streamlining expenses.
The report emphasizes that the largest initiative that would provide Cooper Union with enough surpluses to allow the return to a full-tuition scholarship model is dependent on philanthropy, particularly current-use philanthropy.
This is the opportunity for Cooper alumni to pay it forward and help us grow contributions to support a return to full tuition scholarships for gifted engineering, art and architecture students. Please give what you can as we embark on this final phase of the Plan!