Florida Polytechnic University’s new president took a look at the $100,000 price tag for his proposed inauguration ceremony and decided the money would be better spent on scholarships for students.
“I am deeply committed to ensuring that the resources entrusted to us are used to directly benefit those we serve – our students,” Devin Stephenson wrote in a letter to university faculty, staff and students. “Prioritizing their futures is at the heart of everything I do, always making sure we provide them with the tools and opportunities they need to thrive.”
Florida Poly spokeswoman Lydia Guzman said the number and nature of scholarships are being determined.
Stephenson, 71, began his tenure as Florida Poly’s new president in July. He has vowed to double enrollment and boost the institution’s economic impact on Lakeland.
While inaugural ceremonies are a tradition for newly appointed university presidents, Stephenson said in the letter that he believes “in setting an example of stewardship and accountability.”
“Fiscal responsibility is a cornerstone of effective leadership, and I am dedicated to making sure every dollar Florida Poly receives is invested in ways that advance our mission,” Stephenson wrote.
Guzman said the $100,000 for the event, which had been planned for late January, would have paid for stage equipment, sound and video equipment, food for the late morning event, a VIP gathering, decorations, and invitations.
“These types of inaugurations are usually big and formal celebrations for universities,” Guzman said. “And yes, it is my understanding they usually cost more than $100K.”
She noted that the University of Texas presidential inauguration in 2021 cost $315,000, which included the ceremony, state of the university address and a luncheon.
This is not the first time Stephenson has said no to the pomp and pageantry of an inauguration. When he became president of Northwest Florida State College, he chose to forgo an investiture event, wanting to “ensure that those funds were redirected toward student support.”
