SBU Hilbert Study
Mon May 12, 2014
WNY Foundation donates money for SBU-Hilbert alliance study
The Western New York Foundation is awarding St. Bonaventure University and Hilbert College a $20,000 grant in their ongoing study of creating a new strategic alliance.
St. Bonaventure and Hilbert announced last October that they were embarking on a feasibility study to build upon their existing partnership. The John R. Oishei provided $250,000 for the study. And now, the Western New York Foundation is adding to that.
St. Bonaventure President Sr. Margaret Carney says the two schools are still in a study phase to make sure a new alliance is feasible, both academically and financially.
"Each of our meetings with trustees has resulted in a positive attitude of moving forward," Carney said. "They just want to make sure we don't invest hundreds of people in joint committees until they've seen a fairly substantial scenario for future academic and financial growth.
Carney said the goal is for both boards to give a green light to an alliance by September. Then, she said it will take at least another 18 months to two years to do the restructuring work creating the new entity.
Carney said input from various stakeholders, from faculty to students and alumni, will be sought.