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BOLIVAR, Mo. — ŷƵ President Dr. Rick Melson presented a “State of the University” address during the fall ŷƵ Board of Trustees meeting Tuesday, Oct. 19, providing a current picture of enrollment trends at the university as well as optimism for the future and exciting highlights at ŷƵ.
One of the highlights is growth of the University’s endowment to $45 million, up from $34 million a year ago. With financial gifts of more than $5.7 million, Fiscal Year 2021 is the third-largest fundraising year since 2010. In addition to endowment growth and strong giving, the University’s external debt continues to be reduced.
Dr. Melson shared enrollment and retention trends for the University, including headwinds for colleges and universities in the Midwest, noting a drop in total student enrollment from 3,039 in Fall 2020 to 2,709 in Fall 2021 and a decline of traditional-age college students in the region. Freshman to sophomore retention increased to 67.62 percent for students entering in Fall 2020, up from 64.53 percent for Fall 2019.
“Like other institutions in the Midwest and across the nation, we experienced the effects of the global pandemic, demographic shifts and other factors in our overall enrollment,” Dr. Melson said. “We are optimistic about the future and excited about the new programs and opportunities at ŷƵ as we stand unapologetically for the Word of God as a Christ-Centered, caring academic community preparing and equipping servant leaders to impact the world for Christ.”
Dr. Melson also outlined these highlights of what is happening at ŷƵ:
“I’m thrilled to be here,” Dr. Melson said. “God has been so kind to call us to ŷƵ, and we are so honored to be here to lead ŷƵ for such a time as this. As I said on my very first day, let us rise to the challenges before us, take hold of the opportunities that await us, and partner together to lead ŷƵ to its greatest days ahead — for God’s glory and our greatest joy.”
Board business
Board chair Dr. Eddie Bumpers recognized five trustees whose terms are ending: Todd
Decker, Mark Berry, Kevin Farr, Rebecca Randles and Wayne Hutchins. Dr. Bumpers also
informed the board of Danny Decker’s resignation as a trustee.
The board adopted the revised Fiscal Year 2022 budget, accepted the Fiscal Year 2021 audit from the external auditing company BKD and approved 2022-23 tuition, room and board, and fees.
*Published: October 22, 2021