McCormick's Yearly Speech

Members of the Rutgers Community:

On Tuesday, news of a record-breaking year for private giving to Rutgers will be released to the media. Before this information reaches the general public, I would like to share some highlights with you.

During the 2007–2008 fiscal year, Rutgers received more than $121 million in new gifts and pledges—the university’s highest annual total to date. This represents an increase of nearly 9 percent over the previous year, in which $111.5 million was raised.

The vast majority of this new giving total is committed to students, faculty, and academic programs. More than $34 million has been designated for student support, including scholarships; $32 million for faculty development; and more than $36 million for program support.

This upward trend in private giving owes much to the university’s rising national profile and the deep commitment of donors to Rutgers’ educational missions. Every gain made by one department helps build the reputation of the entire university. I congratulate each of you, and thank you, for your contributions to this unprecedented support.

Richard L. McCormick
President
Rutgers, The State University of New Jersey

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Let's rip this apart, shall we.

"During the 2007–2008 fiscal year, Rutgers received more than $121 million in new gifts and pledges—the university’s highest annual total to date. This represents an increase of nearly 9 percent over the previous year, in which $111.5 million was raised."

State funding was cut by 12% this year and you can bet that the $121 million [9% increase] is nothing compared to the 12% [I do not have exact budget figures] that was cut.

"The vast majority of this new giving total is committed to students, faculty, and academic programs. More than $34 million has been designated for student support, including scholarships; $32 million for faculty development; and more than $36 million for program support."

$102 million stadium expansion. More than all of that combined. Go figure.

"This upward trend in private giving owes much to the university’s rising national profile and the deep commitment of donors to Rutgers’ educational missions."

A deep commitment to educational missions. That's why we continue to cut registration, essential jobs (teachers, maintenance staff), and services.

Did you know that the Livingston post office will be permanently unstaffed from now on. If you have a package shipped to you, you'll have to go to Busch to pick it up. How convenient!

Did you know that Schiano still gets $2 million a year plus $250,000 in side deals and endorsements, plus a house local to the team, plus a helicopter for scouting purposes.

Did you know that expensive greening projects are occurring on college ave while campuses like Busch, Cook/Douglass, and Livingston are getting torn up walkways which will be replaced with pavement and less lighting.

Did you know that the University is in the biggest budget shortfall in years, and yet we continue to increase spending for non-essentials while cutting spending for essentials.

...What.
.....The.
........Fuck.

 

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