The YSU Foundation unveiled its new, five-year strategic plan at a news conference earlier this month.
The plan establishes a revised Mission Statement and new Vision Statement and focuses on three primary areas: Financial Policies and Practices, Governance and Board Development and the Foundation’s relationship with the university.
“As we close in on the Foundation’s 50th anniversary, we believe this is no time to rest on our laurels; rather, this is an opportunity to seize the moment and to assure that the YSU Foundation provides YSU and its students a strategic advantage,” said Thomas Fleming, chair of the YSU Foundation Board of Trustees.
“In the ever evolving environment of higher education, we will move into our second half century refocused, reorganized and determined to be a catalytic force for the advancement of YSU and its students. We are confident this strategic plan will accomplish this goal.”
Founded in 1966, the YSU Foundation is a private, non-profit corporation independent from the university that supports YSU exclusively, mostly through scholarships for students. Earlier this year, the Foundation announced that it has surpassed the $200 million mark in assets and is now among the top third of university endowments in the nation.
This academic year, the Foundation is providing nearly $5.2 million for more than 2,500 student scholarships at YSU. Under revised distribution guidelines in the new strategic plan, the Foundation projects increasing scholarship funding next academic year.
“Our new spending plan will result in even more scholarship support so even more students can pursue their educational goals and professional dreams at YSU,” said Garry Mrozek, vice chair of the YSU Foundation Board of Trustees.
Foundation funding to the university for next year will be announced in May.