Strategic Priority: Drive Financial Stability

a gathering in the law school of alumni and students

Initiative #1: Initiate a New Comprehensive Fundraising Campaign

Create a new comprehensive campaign and other creative fundraising initiatives.

Example Action Plans:

  • Conduct data analysis of "friends of UDM" to identify and prioritize potential donors.
  • Convene donor focus/listening groups to identify themes that generate the greatest excitement for integration into a campaign appeal strategy.
  • Identify specific areas of need that correlate to donor interest.
  • Link the donor initiatives to the 2025-29 Strategic Plan.
  • Provide training to deans and major gift officers to enhance skills for donor management and stewardship.
  • Create mechanisms to demonstrate a "culture of giving" and showcase how "giving benefits the University and its community."

Definition of Success:

  • $250 million raised
  • Increase the numbers of new donors, repeat donors, new planned gifts and numbers of contacts as registered in Raiser's Edge

Key Metrics Influenced:

  • Financial Responsibility
three adults having a conversation

Initiative #2: Explore Alternative Revenue Sources (other than enrollment and unrestricted gifts)

Expand opportunities from the Office for Sponsored Programs and Research Activities (OSPRA).

Establish a culture of partnership between grant seekers and OSPRA.

Increase corporate and foundation opportunities.

Example Action Plans:

  • Create a business plan with key roles and responsibilities to restructure OSPRA to meet the expanding needs of the University, integrating best practices for higher education research.
  • Create a University Task Force with participation from all campuses in multiple disciplines (academic and non-academic), to identify grant and other funding opportunities. The Task Force will produce biannual reports of opportunities provided to OSPRA for review and consideration.
  • Develop and prioritize revenue-generating opportunities.
  • Make connections with trust officers at major foundations.

Definition of Success:

  • Identify and launch new net revenue streams.
  • Identification of additional grant sources with a demonstrated increase in external grant funding success.
  • Gradually increase granting of external funds, with the goal of doubling the grant funds awarded every three years.
  • Increase number of grants attempted by 10% each year.

Key Metrics Influenced:

  • Financial Responsibility
  • High Impact Practices
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Initiative #3: Expand Recruitment and Invest in New Offerings

Expand academic recruitment activities and new innovative programs, such as with:

  • non-traditional students, including veterans;  
  • students seeking badges and certificates;
  • students seeking flexibility both in time and location, including online delivery;
  • new programs, centers of excellence and degree offerings, e.g., veterinary medicine, occupational/physical therapy, etc.;
  • an expanded recruitment base to a larger geographic area;
  • increased graduate enrollment; and
  • additional external strategic partnerships.

Example Action Plans

  • Identify strategies for evaluating educational offerings, better understanding areas of opportunity and targeting areas for planning and innovation.
  • Evaluate national enrollment trends to identify programs and areas of study with a national shortage, given the demand for first-year slots.
  • Evaluate programs at competitor institutions to identify the highest potential opportunities.
  • Increase partnerships with industries to provide educational programming for corporate needs.

Definition of Success:

  • Implemention of strategies to broaden the recruitment base.
  • Larger geographic footprint for Detroit Mercy's enrollment demographics.
  • Identification of innovative new programs that will attract new students to the University.
  • Identification of 1-2 specific initiatives per academic unit that focus on enhancing a current program or launching a new program.

Key Metrics Influenced:

  • Financial Responsibility
  • Enrollment
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