CFOs and trustees in higher education express growing interest in aligning their institutional budgets with Generally Accepted Accounting Principles (GAAP) financial statements–particularly the Statement of Activity’s “Change in Net Assets from Operations.” The key advantage of this approach is m
David Woodward is a leader in Kaufman Hall’s Higher Education division, with more than 25 years of experience as an administrator and consultant in higher education finance. His areas of expertise include university financial planning, budget processes and reporting, and financial system design.
Prior to Kaufman Hall, David was a Senior Director at Tufts University, where he led the design and implementation of a consolidated Budget Center, and oversaw staffing, customer service, and administrative process alignment. David’s previous positions include Assistant Vice President for Budget Process and Reporting at Brandeis University, Senior Financial Planning Officer at MIT, and multiple consulting roles.
David’s clients have included Northwestern, Dartmouth, Brandeis, University of Kentucky, Case Western, Tufts, and University of Chicago. He holds an M.B.A. from Dartmouth College, and is a regular author and presenter for higher education forums.
Insights from David Woodward
Given the continuous financial pressure facing the higher education sector, institutions are pursuing initiatives that will generate new revenues and reallocating existing resources.