Main Nav

Build Your Boat Before the Flood: Contigency Planning in Higher Education

Tuesday, January 1, 2002


In the current economic environment, the need for contingency planning is clear. Craig Aase and Gary Krueger began todevelop a financial crisis plan for Macalester College inthe summer of 2000, well before recession was a given. Tocapture the effects of a recession on the college's finances,they analyzed 25 years of Macalester's financial data toassess the relationship of institutional revenues—endowendowment, tuition and fees, and gifts—to the nation's gross domestic product (GDP) and the level of the Dow JonesIndustrial Average. Their work focused largely on theeffects of GDP and the Dow during the recessions of theearly 1980s and early 1990s and enabled them to forecastthe college's net revenues based on various recession scenarios.

Download This Resource


Annual Conference
September 29–October 2
View Proceedings

Events for all Levels and Interests

Whether you're looking for a conference to attend face-to-face to connect with peers, or for an online event for team professional development, see what's upcoming.


Digital Badges
Member recognition effort
Earn yours >

Career Center

Leadership and Management Programs

EDUCAUSE Institute
Project Management



Jump Start Your Career Growth

Explore EDUCAUSE professional development opportunities that match your career aspirations and desired level of time investment through our interactive online guide.


EDUCAUSE organizes its efforts around three IT Focus Areas



Join These Programs If Your Focus Is


Get on the Higher Ed IT Map

Employees of EDUCAUSE member institutions and organizations are invited to create individual profiles.



2014 Strategic Priorities

  • Building the Profession
  • IT as a Game Changer
  • Foundations

Learn More >

Uncommon Thinking for the Common Good™

EDUCAUSE is the foremost community of higher education IT leaders and professionals.