Details of William & Mary proposal
October 27, 2011 6:11 AMA proposed financing model for the College of William & Mary has four central ideas.
They include:
- Continued taxpayer support, especially for capital projects
- Increased streams of earned income (tuition and fees, research grants and contracts, and entrepreneurial activities)
- Greatly enhanced philanthropy (annual giving, endowment, funds for bricks and mortar)
- Internal productivity gains.
Taylor Reveley, the school’s president, first proposed his plan when the State Council of Higher Education for Virginia visited William & Mary in July 2010. According to the minutes of the meeting, SCHEV members were to receive copies of the proposal but there was no action.
Reveley acknowledges that two elements of his proposal face stiff headwinds — raising in-state tuition and having a large number of out-of-state students on the rolls.
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