Over the past decade, Eureka College has significantly improved its financial health and facilities. The college has balanced its budget for 10 consecutive years, nearly doubled its endowment to $22.2 million, and increased total assets from $20.1 million to $54.8 million. It has invested over $30 million in facility improvements including new residence halls, classrooms, and athletic facilities. The college has also committed to faculty and staff by providing raises, maintaining health benefits, and establishing sabbaticals. Enrollment has grown 46% through new programs and consistent pricing of tuition with 100% of students receiving aid. Fundraising has resulted in $30 million in donations, the largest annual amount being $7.3
1. Select Eureka College Accomplishments (July 2005—June 2016)
Financial Health of the Institution:
Ten consecutive years of positive financial results and balanced budgets
Nearly doubling the College’s endowment from $12.0 million to $22.2 million
Growing total assets of the institution from $20.1 million to $54.8 million
Since 2006, the College's U.S. Department of Education Composite Score has improved from .5 to a
high of 2.4 in 2013
Facilities Improvements and New Construction—Investments of more than $30 million including:
$1.2M in enhanced library collections and the Reagan Research Center/College Archives
$2.4M in renovations to the Dickinson Commons and the Burgoo Café
$4.75M in renovations to existing residence halls
$5.25M to construct the new Arnold Hall residence hall building
$1.3M in information technology improvements
$6.7M construction of Sanders Hall, a classroom and laboratory building
$3M renovation to the Reagan Athletic Complex including arena and fitness center
Commitments to Faculty & Staff:
Provided employees with raises, promotion and equity adjustments of $1.4M
Through June 2014, the annual budget will have absorbed 100% of the increase for health insurance
costs (which more than doubled) without changing plan benefits (BC/BS).
In 2015, the College introduced a High Deductible Health Plan (HDHP) that reduced the
employees’ premium participation cost and maximum out-of-pocket cost and created HSA option.
Maintained consistent contribution levels for the employee retirement plan
Secured philanthropic support for faculty fellowships and faculty/staff small grant fund
Re-established faculty sabbaticals
Enrollment Management:
Set seven consecutive records for enrollment growth—a 46% increase from 2005 to 2010, including
a 18% improvement in student retention (2006),
Maintained a consistent, cost-competitive tuition pricing position—100% of students receive aid
New first year programs, including a support program for first generation students; and new
weekend degree completion program for working adults
Improved Fundraising:
Implemented a fundraising strategy that resulted in $30 million in donations over eight years.
In 2015, the largest amount of money was raised by the College ($7.3 million) in its 162-year history
Awarded the 2012 and 2016 CASE Circle of Excellence Awards for Educational Fundraising
Four $1M or larger gifts to the College, with the largest single gift in College history of $3M
Increased the number of donors who support the college by 50% in the last four years
Increased the number of alumni donors by 32% and President’s Circle donors by 24%