GOAL 6: SUSTAINABILITY
SUSTAINABILITY: Ensure a sustainable future through diversified revenue streams informed by future trends, realities, and opportunities in key areas of enrollment, advancement, and partnerships.
Objectives:
Objectives:
- Diversify revenue streams year-round.
- Assess feasibility of a 6th Grade.
- Explore selected opportunities to partner with Memphis institutions and alumni on “big” ideas and opportunities that more deeply involve MUS students in the professional community.
- Ensure fundraising results through various strategic initiatives and optimized alumni and parent engagement.
- Refresh the financial sustainability plan based on post-pandemic scenarios.
Performance Goal Statement: By 2026 MUS will reach at least 50% growth in non-tuition revenue over six years.
YEAR ONE PROGRESS:
- Work has begun with the Coordinator of Student Life and Director of Summer Programs to coordinate all non-tuition revenue programming.
- Assessment and planning continues to market opportunities that result in fuller use of campus facilities year-round (e.g., weekends, Winter Break, etc.).
- Formed task force (administration, board, faculty, and staff) to assess viability of adding sixth grade, including market need, enrollment, faculty and curriculum expansion, etc.
- Identified target enrollment and appropriate grade-level balance between Lower and Upper Schools.
- Coordinator identified to create partnerships, place students in internships, and monitor their continued involvement.
- Ellis Haguewood Legacy Endowment campaign completed, resulting in $15.6 million for current and future programming.
- Evaluated FY 2021-22 results and projected enrollment and other resources as a baseline.
- Increased staffing in Admissions and Enrollment Management Office.
Memphis University School
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