Canisius College to announce layoffs facing $20 mill deficit

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Re: Canisius College to announce layoffs facing $20 mill def

Postby jhart » Tue Jul 28, 2020 7:40 pm

When I got involved over thirty years ago w Harrington our endowment was $2mm and I said you're bankrupt unless you do..... The 1988 Campaign raising @$8 mm was a beginning with expense rationalization across the board.
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Re: Canisius College to announce layoffs facing $20 mill def

Postby le » Wed Jul 29, 2020 11:23 am

Good job Jim. Thankfully NU is on solid footing and can absorb some of the negative financial impacts of Covid.
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Re: Canisius College to announce layoffs facing $20 mill def

Postby MICKEY » Mon Aug 03, 2020 11:17 pm

Now it is time for D’Youville to make the news. It’s hard to judge who to believe in this story.

https://buffalonews.com/news/local/educ ... e-trending
.
Read the comments including the petition
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Re: Canisius College to announce layoffs facing $20 mill def

Postby le » Fri Aug 07, 2020 12:20 pm

Lets hope a large number of these smaller schools can survive the economic downturn due to the virus.
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Re: Canisius College to announce layoffs facing $20 mill def

Postby MICKEY » Fri Aug 07, 2020 6:50 pm

I read in a separate article D'Youville is refinancing about $40 million of their current debt at lower rates plus adding about $10 million more for a health science facility they are jointly developing with Catholic Health, which operates most Catholic hospitals in the area.
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Re: Canisius College to announce layoffs facing $20 mill def

Postby phillyeagle » Fri Aug 07, 2020 8:19 pm

Health care majors are areas Niagara should continue to emphasize. The Galisano building already could use an expansion based upon demand. A secondary gift from Mr. Galisano as part of the next campaign would be a major coup for NU. Having said that, the discontinuation of the Nursing program in the late 90s was a Colossal mistake by NU from a strategic and alumni view. The good news was the eventual restoration of the program.
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Re: Canisius College to announce layoffs facing $20 mill def

Postby MICKEY » Sat Aug 08, 2020 9:06 am

I agree, I'd love to see NU expand it's health services curriculum. We currently offer an EMT certificate as part of our extension program. I suggested we consider taking it a step beyond and add a paramedic certification as well. Even consider a combining it into a BS in Emergency Health Services. May be even an MS with an advanced critical care certification. Many of the courses would overlap with the nursing program. I understand offering new programs requires state approval so offering a new degree or certificate does not come without a certain amount of justification and red tape. Dunleavy Hall was built for the nursing program and currently contains a relatively new lab used by the program which cost something in the $1.5 million range. It might make a good home for the "Your Name Here" Center for Health Care Studies. Expanding Golisano is a must, it was in the original plan and I hope they can find the money. interesting to read the comments on the Canisius board about their reliance on liberal arts programs leading to their problems.
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Re: Canisius College to announce layoffs facing $20 mill def

Postby le » Sun Aug 09, 2020 9:46 am

Spot on Mr. Mick the Quick.
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