Albright College is entering a new chapter of strength and momentum. Just over a year ago, the College faced a significant operating deficit. Today, under the leadership of President Debra M. Townsley, Ph.D., and her administration, Albright is projected to achieve a $10 million surplus for the FY2025–2026 operating budget.
To build on this remarkable financial turnaround and after careful consideration, the Board of Trustees has authorized a loan of up to $15 million from the College’s $65 million endowment. The decision reflects both confidence in Albright’s direction and the Board’s commitment to investing in projects that will define the student experience for generations to come.
The loan, which will be drawn as needed, comes with a clear repayment plan that includes defined terms, scheduled payments, and quarterly reporting for full accountability and transparency. The College is complying with all court requirements related to this draw on the court-authorized endowment fund loan. The Board of Trustees does not take this decision lightly. This step represents a strategic use of the endowment to strengthen the College, enhance enrollment, and secure Albright’s future.
The centerpiece of this investment is the renovation and expansion of the library, to be named the Joyce Family Foundation Learning Commons, which will house a Student Support and Disability Center, a Writing and Tutoring Center, expanded cultural resources and access to technology, new conference space, and a vibrant café at the heart of campus. Additional funds will address key capital improvements and deferred maintenance to improve student life and enrollment growth.
This investment is supported by external momentum, including a $4 million state Redevelopment Capital Assistance Program (RCAP) grant and generous contributions from donors, led by a transformational gift from Jeff Joyce ’83, Cindy Joyce, and the Joyce Family Foundation. Renovations are already underway, with the Learning Commons scheduled for completion in Spring 2026.
This action reflects a broader transformation already underway at Albright. With operating stability restored, enrollment on the rise, and bold investments in academic and student life facilities, the College is moving beyond stabilization into a phase of growth. The Board’s commitment to carefully leveraging the endowment is one more step in ensuring that Albright not only endures but thrives for generations to come.
