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12/25/2018 11:45:00 AM
Earlham College cuts budget for next school year by 12 percent

Jason Truitt, Palladium-Item

RICHMOND — Earlham College will make some $4.35 million in budget cuts for the 2019-2020 academic year as officials continue to work on a plan to bring financial sustainability to the school.

Earlham has operated at a budget deficit for the past several years, but the cumulative net loss jumped from about $5.5 million in the 2013 fiscal year to more than $47 million earlier this year.

The college's trustees approved the 12 percent cut to the current $50 million budget earlier this month. According to Earlham spokesman Brian Zimmerman, the savings primarily will come from the personnel side of things. Those changes will include:

  • The elimination of 11 teaching faculty positions, most of which are visiting professors on one-year contracts. Two retiring professors also won't be replaced.
  • Twelve administrative or hourly staff positions will be eliminated. Most already are vacant or will become so thanks to an early retirement program that was offered this year.
  • And five full-time administrative faculty or staff positions will be moved to part-time.

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