Ribeau said the university is preparing a major philanthropic campaign — its first since 2007 — to coincide with its upcoming sesquicentennial. “We’re putting in place the pieces for that,” he said. He and his aides declined to say what the campaign’s fundraising target would be.
The university’s endowment stood at $525 million at the end of May, officials said, recovering from the drop that it suffered, along with many other colleges nationwide, after the 2008 financial crisis. In 2009, according to a survey by the National Association of College and University Business Officers, Howard’s endowment stood at $365 million.
●The Howard University Hospital, which serves a high number of poor and uninsured patients from the District, is getting close scrutiny. Officials said they are exploring a wide range options for the hospital’s future at the direction of the board and with help from consultants. They stressed that doesn’t necessarily mean it will be sold. Revenue shortfalls connected with the hospital have been a problem recently.
Ribeau indicated that he is in discussions with the board about his contract with the university and that he is “energized” about the work ahead.
“I’m in the process now of talking with the university about the future and where we’d like to go and how much we’d like to get done in what period of time,” Ribeau said. “We haven’t resolved those discussions, but we’re having those discussions now.” He added: “We’re talking about how I’d like to continue to work on behalf of Howard in the future.”
Lumpkins said: “The president has been in conversation with the board about next steps, and that’s being discussed with him and the chairman and the human resource committee of the board.”
Ribeau, 65, came to Howard in 2008 after serving 13 years as head of Bowling Green State University in Ohio.
His goal for Howard, he said, is not only to be the top historically black college or university but also “one of the leading urban research universities in the entire country,” whose graduates “become real social change agents” in the United States and the world.
“We’re on course,” he said. “There’s been some external kind of factors, like a recession and bumps in that road, but we’re on that course.”