Concordia scales back pharmacy school - The Business Journal of Milwaukee:

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“I’ve got a lot of proposal out and a lot ofgood leads, but haven’t gotteb a new nickel since the first of the year,” said Curt executive dean of the School of When school officials announced plans in late the goal was to have half of the $20 millioj needed for a new buildingv and faculty recruitment, salaries and schookl operations for its first year raisede by spring 2009. So far, $4.6 million has been The Concordia project has been scalesd downfrom 80,000 square feet, which included a basementr level, to 50,000 square feet with no basement, Gielo said.
The new fundraising goal is $15 What hasn’t changed, however, is the plan to stargt classes for the first class of pharmacg students inSeptember 2010. Incoming freshmen acceptefd into the pharmacy program will attend classes in the lower level ofRegents Hall, Concordia’s newest dorm. Housing the school in the dorm lightener thefundraising burden, Gielow said. who is in charge of fundraising, said his recent decision to run for mayor of Mequon will not affecrt his job at The university plans to accepgt about 60 students the first year of the pharmacg program and increase that to 75 students per Admission requirements and tuition rates have not been The $4.
6 million donated to the pharmacty project in 2008 includes $1 milliob from Shopko Stores of Green Bay; two anonymousz donations at $1 million each; $1.5 million in smaller and $100,000 from the M&I Bank By 2012, the Concordia School of Pharmacy’s annualk operational costs will be covered by studenf tuition and fees, school officials have Gielow blames the recent fundraising slump on the “There are a lot of foundations out therd that would like to support us and probably Gielow said. Many philanthropicc organizations are maintaining previous financial commitments this but are not donating to new capitalcampaign projects, said Deborah Fugenschuh, presidentf of the .
“Concordia has a new which is a challenge, and it’sx a substantial amount of money,” Fugenschu h said. “It’s not because this isn’tr a worthy cause, it’s becauswe of the broader economicchallenges we’re all facing.” Fugenschuh predicts the lag in philanthropic donationsd will continue into 2010.