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Abiit sed non oblitus | Wisconsin

A message from Stritch President Dr. Dan Scholz

“Saint Francis with the Animals” 17th Century / Lambert de Hondt

Standards Wisconsin

Education Community Finance

Giovanni Paolo Panini, An architectural capriccio with figures among Roman ruins

The post-pandemic #WiseCampus transformation requires significant capital to meet the sustainability goals of its leadership.  Campuses are cities-within-cities and are, to a fair degree, financed in a similar fashion.  Tax-free bonds are an effective instrument for school districts, colleges and universities — and the host community in which they are nested — for raising capital for infrastructure projects while also providing investors with, say $10,000 to $100,000, to allocate toward a tax-free dividend income stream that produces a return in the range of 2 to 8 percent annually.

An aging population may be receptive to investment opportunities that protect their retirement savings from taxation.

Once a month, we walk through the prospectuses of one or two bond offerings of school districts, colleges and universities and examine offering specifics regarding infrastructure construction, operations and maintenance.  We pay particular attention to details regarding “continuing operations”. Somehow the education industry has to pay for its green agenda.  See our CALENDAR for the next Finance colloquium; open to everyone.

The interactive map provided by Electronic Municipal Market Access identifies state-by-state listings of tax-free bonds that contribute to the construction and operation of education facilities; some of which involved university-affiliated medical research and healthcare delivery enterprises.

CLICK ON IMAGE FOR INTERACTIVE MAP

 

If you need help cutting through this list please feel free to click in any day at 11 AM Eastern time.  Use the login credentials at the upper right of our hope page.  We collaborate with subject matter experts at Municipal Analytics and UBS.

Issue: [Various]

Category: Administration & Management, Finance, #SmartCampus

Colleagues: Mike Anthony, John Kaczor, Liberty Ziegahn

*We see the pandemic as a driver for a step-reduction in cost in all dimensions of education communities.  We coined the term with a hashtag about two years ago.

*College and university infrastructure projects are classified with public school districts under the rubric “municipal bonds” at the moment.  CLICK HERE for more information.

 

More:

Duke Law Review:  Don’t ‘Screw Joe the Plummer’: The Sausage-Making of Financial Reform

An Expanded Study of School Bond Elections in Michigan

Abiit sed non oblitus | Michigan

One-hundred-twenty-five years ago, hardy and hard-working Finnish Lutheran immigrants founded a school in Michigan’s Upper Peninsula. Their lives were marked by a gritty quality captured in the Finnish term, sisu – grit and perseverance in the face of adversity.  Citing financial difficulties related to demographic changes, the Board of Trustees announced that the Class of 2023 was Finlandia’s final graduating class.

“The Board of Trustees and University President Timothy Pinnow stated the extremely difficult decision is the result of an intensive analysis of Finlandia’s operations after exploring all potentially feasible strategic alternatives, including the rigorous search for new partnerships and reorganization of the institution’s finances. With financial challenges impacting liberal arts colleges throughout the country, Finlandia is no exception….

The combination of demographic changes, with fewer high school graduates available, a steep decrease in interest in going to college among those graduates, a dwindling endowment, and an unbearable debt load have made Finlandia no longer viable…

…Finlandia University has finalized eight Teach-Out Agreements with Adrian College, Bay College, Michigan Technological University, Northeast Wisconsin Technical College, Northern Michigan University, University of Dubuque, Waldorf University, and Wartburg College. Several non-partnering institutions have also made commitments to supporting FinnU students in incredible ways…”

Board of Trustees vote to dissolve University wind up affairs in orderly manner

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Día de los Muertos

Día de los Muertos, also known as the Day of the Dead, is celebrated primarily on November 1st and 2nd. These dates coincide with the Catholic holidays of All Saints’ Day (November 1st) and All Souls’ Day (November 2nd). The celebration is most strongly associated with Mexico but is also observed in other Latin American countries and among Hispanic communities in the United States and elsewhere.

It is a time for families to come together to celebrate the lives of those who have passed away. Altars, or ofrendas, are typically set up with offerings that can include food, marigold flowers, candles, sugar skulls, photographs of the deceased, and other items with personal significance. These ofrendas are often displayed at homes, in cemeteries, and in public places.

While Día de los Muertos is a multi-day celebration, the specific customs and traditions can vary by region and community. In some places, celebrations begin on October 31st and extend through November 2nd. The holiday is a unique blend of indigenous beliefs and Catholicism, resulting in a colorful and vibrant celebration that focuses on honoring the memory of the deceased rather than mourning their loss.

Abiit sed non oblitus

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Abiit sed non oblitus | New York

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