In late January, Danya shared a post with us about Brandeis deciding to sell off holdings in the Rose Art Museum and close it down. I was recently having a discussion with a classmate who is a Brandeis alum and he said that the situation was not as severe as the NYT made it sound and a little more complicated. Here’s a letter to alumni from the Brandeis University President which he sent along to me explaining the situation in a little more detail.
Dear Brandeis Alumnus/a,
It has been more than a month since our initial announcement concerning the Rose Art Museum. With that in mind, I write today hoping to provide you with further insight into the University’s decisions regarding the Rose and the financial challenges confronting our alma mater. I expect this FAQ briefing (see below) will clear up some of the misconceptions surrounding these issues.
As we move forward, I plan to keep you informed about the steps the University is taking to respond to the worldwide economic turmoil. I need each of you as alumni, donors, and ambassadors to step forward to help Brandeis through this difficult period.
The last month has not been easy for our Brandeis family, but I am convinced that we will emerge as a stronger university poised for continued greatness in the years ahead.
Jehuda Reinharz, PhD ’72, President
click below to view the full letter
|Brandeis FAQ: Answers to Frequently Asked Questions
Q. What is the situation involving the Rose Art Museum?
A. Unfortunately, there has been a great deal of misinformation circulating in the media regarding the Rose. The facts are:
Q. How has the worldwide economic turmoil affected Brandeis?
Q. Why is Brandeis particularly vulnerable to this economic downturn?
A. Because we are such a young institution (some of our peers had a head start of a century or more), the endowment funds Brandeis has raised in recent years have not had the time and sustained favorable market conditions in which to appreciate gains. In fact, the University has only recently been able to build a modest “rainy day” fund.
Q. What is the University doing to address the budget situation?
Additionally, the new Curriculum and Academic Restructuring Steering Committee, which is comprised of faculty and chaired by the dean of Arts and Sciences, is looking at a wide range of possible changes in academic programs and departmental structures to achieve maximum efficiency while ensuring that Brandeis retains its reputation for undergraduate educational excellence, remains competitive and distinctive, and holds a special appeal for talented students.
Q. Will these measures be enough to solve the University’s financial problems?
Q. Will the University’s future be as bright as its past?
A. Brandeis is taking the necessary steps to ensure that the University preserves the educational and research reputation that has been so painstakingly created over the past sixty years. Brandeis has accomplished a great deal in its history, including being ranked in the top tier of the nation’s colleges and universities. The University has experienced difficult times in the past and emerged even better than before. With the guidance of our dedicated faculty, skilled Board of Trustees, committed senior administration, and devoted alumni and friends, the University will come out of this challenging period as a stronger institution.