President Knapp has laid out an ambitious but achievable goal to increase GW's investment in academic learning, research, and the student experience by $60 million. The plan is to build up to that $60 million level by 2015. This funding will come from three components: raising new funds from philanthropic sources; increasing the productivity of our research and instructional programs; and finding savings in our business processes. In other words, we will increase the rate of fundraising and the efficiency and productivity of our programs until, at the end of five years, we have reached the level of an additional $60 million (i.e., from that point onward) to invest in our priorities.Placeholder text
The Innovation Task Force has been charged with soliciting feedback from the George Washington Community about our strengths as an institution and how we can change our academic and business operations to be even better. The Task Force will seek out, evaluate and highlight creative ideas, focusing on three key criteria:
- Effectiveness – will the idea ensure that a service or function is enhanced to better meet our university goals and objectives?
- Efficiency – will the proposal help us better organize, manage and utilize our resources?
- Innovation – will the suggestion help us operate in a truly new way?
The Innovation Fund
Funds identified for the $60 million goal will be banked for reinvestment in prioritized academic activities and programs. Progress toward this goal will be reported regularly by the Innovation Task Force as these innovations are identified and carried out. In addition, the Innovation Task Force will present to the President at the end of this academic year a list of proposals for enactment that will lead to significant changes to both academic and business operations. The Task Force will also recommend opportunities for academic investment based on feedback from the GW community.