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Financial Exigency

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Financial Exigency Planning

The University of Providence is facing substantial financial challenges—challenges that demand transparency, courage, and decisive action. As part of our response, we have recommended the declaration of a financial exigency, which is now under consideration by the Board of Trustees. While the term may sound concerning, it represents a proactive step—a deliberate measure to stabilize our finances and ensure a sustainable future for the university.

The University of Providence was built by people of extraordinary conviction who turned challenges into opportunities. With your ongoing belief, advocacy, prayers, and support, we will navigate this moment together—emerging stronger, steadfast in our mission, and ever Called for More.

Below, you’ll find important resources on financial exigency, including a helpful FAQ, suggestions for how to get involved, and the latest “snapshot” of our university—tools to keep you informed and connected as we navigate this moment together.

 

Summary of Financial Exigency

Financial exigency is a formal declaration made by a university facing a serious financial challenge that could affect its normal operations. It provides a framework for taking necessary measures—such as adjusting staff, programs, or operations—to stabilize finances while safeguarding the university’s mission. Understanding this process helps keep our community informed and engaged as we work together to secure a strong and sustainable future.

Purpose and Context
  • Financial exigency is a formal declaration that allows the University of Providence to take extraordinary but necessary steps to protect its long-term future.
  • The decision to consider or declare exigency is made only after extensive financial analysis and consultation with key stakeholders.
  • This process reflects a commitment to fiscal responsibility, transparency, and stewardship of our mission.
Institutional Process
  • Before any declaration, university leadership evaluates multi-year trends in revenue, enrollment, liquidity, and cash flow.
  • If financial projections indicate the university requires major restructuring for future stability, leadership recommends exigency to the Board of Trustees.
  • The Board must formally approve the declaration before any major actions can occur.
Commitment to the Mission
  • Every decision will prioritize sustaining the university’s mission of providing a transformative, values-based education.
  • The focus is not just on survival, but on renewal—positioning UP for long-term stability and growth.
  • Transparency and open communication with faculty, staff, students, and partners are central throughout this process.
Actions and Accountability
  • Potential actions during exigency include program realignment, administrative restructuring, staffing adjustments, and efficiency measures.
  • Leadership will explore new revenue streams, partnerships, and enrollment initiatives to strengthen financial health.
  • The university remains accountable to its Board, accrediting agencies, and the public for demonstrating progress and integrity.
Path to Recovery
  • Exigency will be lifted once the university shows consistent financial stability, balanced budgets, and adequate reserves.
  • Exiting exigency marks a period of renewal—affirming that the University of Providence has regained its financial footing and can move forward with strength and purpose

Frequently Asked Questions Regarding Financial Exigency

Throughout the financial exigency process, the University of Providence remains committed to keeping our stakeholders and community informed, engaged, and confident in the thoughtful, mission-driven decisions underway. Understanding what financial exigency entails is a cornerstone of this process. We encourage you to explore our Financial Exigency FAQ below to learn more about what this step means for the future of the University of Providence.

Learn More: Financial Exigency Frequently Asked Questions

Ways to Engage the University of Providence

Together, We Are Called for More

The University of Providence stands at a defining moment. Like many small private universities across the nation, we face significant financial challenges that require courage, innovation, and partnership. Yet our mission—to provide students with a transformative, faith-based education that prepares them to serve with purpose—remains strong. Your engagement, generosity, and advocacy can help secure a vibrant and sustainable future for Providence and the students we serve. Below are several ways you can make an immediate impact.

 

Ways to Get Involved

  • Join the Founding Alumni Association: Help us reestablish a formal Alumni Association that reconnects graduates, strengthens professional networks, and creates new opportunities for alumni involvement and mentorship.
  • Join the Argo Athletic Club: Support Argo Athletics by contributing to scholarships, travel, and equipment needs for our 15 competitive teams. Your involvement helps our student-athletes succeed both on the field and in the classroom.
  • Receive Updates from the President’s Office: Stay informed through periodic updates directly from Interim President Dr. Caroline Goulet and university leadership. These updates will provide open and transparent insights into our progress and priorities.
  • Request a One-on-One Conversation: You have the opportunity to meet personally with the Interim President or another senior leader to discuss how you can help strengthen the university’s mission and future.

 

Stay Connected and Take Action

If you are interested in getting involved, please complete and submit the following form: How You Can Help. Together, we can ensure the University of Providence continues to thrive—educating, inspiring, and serving generations to come.

 

University of Providence Facts & Highlights

University of Providence (UP) is a private, Roman Catholic liberal arts institution, located in Great Falls, Montana, founded by the Sisters of Providence. As a sister organization of Providence Health and its ministries, UP shares in furthering and supporting the mission of Providence Health by providing a quality, affordable education to those seeking higher education. 

 

University of Providence 2025 Summary Guide
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