In response to Fisk University’s November monitoring report, the Southern Association of Colleges and Schools (SACS) concluded that Fisk University maintains its reaffirmation of accreditation with a six-month warning. At the conclusion of the warning period, the University will submit a follow-up monitoring report that addresses SACS’s Comprehensive Standard for financial stability. A SACS warning is the lesser of the two sanction options, the other being probation.
Fisk University remains fully accredited. The University has met all of SACS’s Core Requirements. Federal funding for Fisk’s nationally ranked academic programs continues as does financial aid for students.
“Fisk’s work to improve financial stability is the key to removing the SACS warning,” said Fisk President Hazel R. O’Leary. “The path to financial stability includes three elements: a successful outcome with each annual fundraising effort; increasing Fisk’s net assets base which requires that Fisk increase its endowment; and a clean financial audit. This is why the board-approved sharing agreement with Crystal Bridges Museum of Art for undivided half-interest in the Stieglitz Collection in exchange for $30 million is vital to Fisk’s future.”