Commentary: 'Siena’s financial condition is strong' |
Siena University President Chuck Seifert speaks during a January 2025 ceremony to commemorate Nobel Hall, the school's new science building.
Last Sunday, the Times Union published a report based on its interpretation of Siena University finances that alarmed members of our campus community and may have confused readers. We appreciate the chance to set the record straight because accuracy and clarity matter and readers deserve the full picture.
This moment in higher education is challenging. Many colleges across the country are closing, merging, or struggling to stay solvent. Concern about institutional stability is understandable. That level of concern, however, does not apply to Siena University.
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Siena’s financial condition is strong. Our debt is low. Our endowment is growing. Cash flow from operations remains positive, which means the university has the resources to pay its bills and meet its obligations without relying on endowment principal. Our net assets increased by more than $12.9 million in 2025, and we continue to invest in new academic programs, technology, research initiatives, and modern facilities that support the next generation of students. These are the actions of a university building for the future.
The Times Union claims Siena is “not bringing in enough money to cover the cost of running the school” and cited our $3 million operating deficit as proof. This statement is misleading because it confuses two very different financial measures. The operating deficit includes non-cash........