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Old 03-22-2019, 01:30 PM
 
Location: WV and Eastport, ME
12,254 posts, read 11,599,375 times
Reputation: 7945

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I actually have no idea why people are talking about how WVU finances their athletics. They are one of about a dozen that fund their athletics that way and one of a couple of dozen that generate revenue that exceeds expenses. For some unknown reason, there seem to be several people here that think this is the norm and that every school should operate that way.

All of which seems to be entirely irrelevant in a discussion of financial difficulties being experienced by a private institution in Wheeling.

I could take the easy way out and close the thread. I could put a lot of work into the effort and clean all the irrelevant junk out of the thread. Or, I could suggest we get this all back on track. Let's do that.
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Old 03-22-2019, 03:55 PM
 
79,570 posts, read 35,748,417 times
Reputation: 16121
It would appear that much of their problem arises from an illegal misuse of funds.

https://www.wtrf.com/archives/wheeli...lion/865194668
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Old 03-22-2019, 05:07 PM
 
10,094 posts, read 12,747,015 times
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Quote:
Originally Posted by pknopp View Post
It would appear that much of their problem arises from an illegal misuse of funds.

https://www.wtrf.com/archives/wheeli...lion/865194668
I'm sure that isn't helping their situation. The real problem though is they have fewer than 1,000 full time enrolled students. Declining population in the region has taken a toll, and I have a hunch the controversy over clergy behavior has also done damage. The Diocese is very wealthy, but they do not generally subsidize money losing propositions long term. The school will need to get it's financial house in order, or it will not survive much longer. Unlike Bethany, which also has a small enrollment, it is not as well endowed as an institution. It's a real shame, because it does provide a high quality education within a values oriented context.

As far as their NASA grants are concerned, getting federal funds for research and the like always involves dealing with volumes of strings and conditions. Large, research oriented institutions are well equipped to deal with this and they have specialized staffs on hand to insure compliance. Smaller schools lack those resources and are more at risk for non compliance.

This isn't the first time Jesuit has faced serious financial difficulties. I'm not certain of the time frame, but decades ago they had this situation and organized a massive fund raising campaign that brought something like $20 million to the school's endowment. It will be interesting to see how they handle the current crisis.
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Old 03-22-2019, 07:35 PM
 
79,570 posts, read 35,748,417 times
Reputation: 16121
They need bankrupted over the clergy thing. (Won't pursue this here)
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Old 03-26-2019, 12:14 PM
 
56 posts, read 34,062 times
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Quote:
Originally Posted by pknopp View Post
They need bankrupted over the clergy thing. (Won't pursue this here)
Would you agree that PEIA needs bankrupted over the teacher thing?
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Old 03-26-2019, 03:42 PM
 
2,070 posts, read 817,147 times
Reputation: 2017
Quote:
Originally Posted by pknopp View Post
Not being a big city is not a problem for everyone.
Just the ones who are concerned about having a thriving economy.
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Old 03-27-2019, 08:18 PM
 
10,094 posts, read 12,747,015 times
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Quote:
Originally Posted by robertbrianbush View Post
Just the ones who are concerned about having a thriving economy.
Personally, I don't believe being a big city is nearly as important as being located near major population centers. The more proximate to the DC's and Pittsburgh's the better the long term prospects for development and prosperity.
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Old 03-27-2019, 09:53 PM
 
10,094 posts, read 12,747,015 times
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https://www.wtrf.com/news/breaking-w...ear/1881606718
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Old 04-04-2019, 09:08 PM
 
10,094 posts, read 12,747,015 times
Reputation: 1751
The Jesuits and the Association of Jesuit Colleges are coming to the rescue.

http://www.theintelligencer.net/news...g-jesuit-cuts/
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Old 04-11-2019, 06:35 AM
 
Location: Ohio via WV
498 posts, read 456,427 times
Reputation: 296
Wheeling Jesuit losing their Jesuit affiliation

WV MetroNews Wheeling Jesuit will end its Jesuit affiliation at school year's end - WV MetroNews
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