@valpopal The amount raised was higher than that. If the school met their goal, then all $470,000 of “bonus funds” would be donated. I’m assuming those funds were some kind of corporate sponsorship because there were numerous companies on the promotional materials. There were also other challenges, donation matches, etc. that included more than just the $470,000. For example, athletics raised at least $100,000 that was separate from the bonus funds.
Yep. I correct my typo, which was a bit unclear because it was missing the word "bonus" and should have read: "As we have seen in other years, the university has announced it reached its 'goal,' and the total bonus amount raised was $470,000."
Ahh gotcha thanks for clarifying! I just got an email from Valpo and they said over $1.2 million. Not too bad imo.
Any successful fundraising in the midst of a very anxious economic situation is very good news.
Surprised no one posted this yet...this is not the news we needed...
Disgraceful to let this institution fall like this.
There are two ways to grow revenue. We need a competent enrollment leader. We need a competent development leader. And we need a competent president to hire both. I sincerely hope this president’s cabinet are polishing their resumes, because the new prez needs to clean house.
https://www.chicagotribune.com/2025/05/13/valparaiso-university-art-sale/
This one is a freebie it seems.
As for a TLDR. The School is now looking to use the City (particularly the VEDC) as a conduit for future bonds. The way the article reads, this is likely an attempt to circumnavigate the hit to the junk rating from Moody's or an attempt to access bonds that were otherwise unavailable. Particularly that non-profits are required to go through government entities to secure general obligation bonds. GOBs are seemingly nice as any form of revenue can be used to pay them it seems. I don't know enough about them to give a reasonable answer however The reasoning for using the city seems to be that the survival of the school is ultimately a net positive for the city as it brings people into the city. The school expects to see 55 million of the 117 million. 15 will be used for infrastructure upgrades and the rest will be used to refinance/consolidate debt.
For all you "art buffs". The school was questioned as to why the sold of the artwork and did not seek a conduit for a bond from the city sooner. The claim from the Lawyer seems to be along the lines of that the school had a great asset on their hands, however that asset did nothing from an operational standpoint for the campus to run and a difficult decision was made
https://www.chicagotribune.com/2025/05/13/valparaiso-university-art-sale/
Another trash headline title…. Saying $117 is extremely misleading when it might not even get up to $55. Yeah it’s not great having to refi and everything else…. but if this goes through then almost 30M of renovations will be completed soon
