Hampden-Sydney Home PageHampden-Sydney Long Range Plan
Wednesday, July 23, 2014
LONG RANGE PLAN -- GOAL 4
 

Goal 4:     Hampden-Sydney College must strengthen its financial base if it is to continue to succeed in its mission and assure its reach into the future.  Therefore, the College will develop appropriate strategies to increase resources on the one hand while carefully husbanding existing resources on the other. 

   The number of applicants for admission will grow to at least 1,300 by 2007 and the percentage of acceptances will decrease to 69%. The College will enroll between 39.8% and 41% of all accepted applicants during this period. 

   The level of tuition discount will remain competitive.  The College will monitor the rate constantly.  Current plans call for the rate to rise to 35% in 2004-05 and remain constant thereafter.  The percent of the discount funded by endowment will grow to at least 50% by 2007-08. 

   The endowment will grow so that it ranks #175 among all collegiate endowments in 2007-08.  The per student endowment ranking will improve from 115th in 2002 to 90th in 2007-08.

   Funds raised annually for endowment and operations will grow throughout the years of the plan while the cost of raising a dollar will decrease.  Targets follow:

                      Endowment       Total Funds             Cost Per
                        Addition                Raised                 Dollar
2003-04:       $3,030,000            $8,597,700                $0.24
2004-05:         3,355,200              9,237,485                  0.22
2005-06:         3,535,300              9,866,900                  0.20
2006-07:         3,875,400            10,722,300                  0.18
2007-08          4,270,000            11,586,650                  0.18
TOTALS    $18,065,900          $50,000,035

   Ratios measuring unrestricted resources to debt, expendable financial resources, and return on net assets all will continue to improve, per the following targets: 

                     Unrestricted
                        Resources               Expendable           Return on

                           to Debt                 Resources              Assets

2003-04              225%                       38%                         0.0%
2004-05              250%                       41%                         2.0%
2005-06              275%                       44%                         3.0%
2006-07              300%                       47%                         4.0%
2007-08              325%                       50%                         5.0%