Birmingham-Southern College calls for ‘healthy endowment’ to sustain operations in future
Birmingham-Southern College has released a statement regarding the actions needed to continue operating in the future. According to a press release/statement by BSC President Daniel Coleman, $200 million is needed by May 2026 to refresh the college’s endowment fund. was raised.President Coleman states that to allow time for the fundraising effort to succeed and for the college to operate, BSC is requesting a contribution of $12.5 million from the American Rescue Plan Act and $17 $.5 million from the Education Trust Fund. BSC is also asking for $5 million from the City of Birmingham and $2.5 million from Jefferson County. “We believe Birmingham Southern College’s contributions to the greater Birmingham area and to the state justify such an investment, which is clearly authorized by state law and for which there is considerable precedent,” Coleman said. . The President’s statement goes on to say without a healthy endowment, “…the business model in which BSC operates is simply not sustainable in the long term.” The President’s statement ends by saying that they remain confident that BSC will endure and thrive and continue to share reports on progress towards their goal.
Birmingham-Southern College has released a statement regarding the actions needed to continue operating in the future.
According to a press release/statement by BSC President Daniel Coleman, $200 million is needed by May 2026 to refresh the college’s endowment fund.
So far, $45 million has been raised.
President Coleman states that to allow time for the fundraising effort to succeed and for the operation of the college, BSC is seeking a contribution of $12.5 million from the American Rescue Plan Act and $17.5 million from dollars from the Education Trust Fund.
BSC is also seeking $5 million from the City of Birmingham and $2.5 million from Jefferson County.
“We believe Birmingham Southern College’s contributions to the greater Birmingham area and to the state justify such an investment, which is clearly authorized by state law and for which there is considerable precedent,” Coleman said. .
The President’s statement goes on to say that without a healthy staffing, “…the business model in which BSC operates is simply not sustainable in the long term.”
The President’s statement ends by saying that they remain confident that BSC will endure and thrive and will continue to share reports on progress towards their goal.
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