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Foundation stands behind Loeschke

8:15 AM EDT, May 6, 2013

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Maravene Loeschke has the full support of the Towson University Foundation, Inc.'s board of directors. In her role as president of Towson University, she is required to ensure that the school is compliant with all federal laws and fiscally responsible academically as well as athletically. These decisions are difficult and sometimes very painful.

As stewards of the philanthropic funds coming into the university, the board is responsible for the investment, management and use of those funds and has an obligation to ensure that funds are administered properly and compliant with all laws in the furtherance of the mission of Towson University.

The University System of Maryland Board of Regents, the USM chancellor, members of the Board of Visitors, and several legal and financial experts have thoroughly examined and ultimately endorsed the Athletics Task Force's recommendation. President Loeschke made this decision through the creation of a task force which included alumni of the two affected sports, holding open public forums, and posting reports, data and updates on the website. After full examination of the data and careful deliberation she made the decision necessary to enable Towson athletics to be fiscally sound, federally compliant and competitive.

Since her arrival, President Loeschke has worked to engage students, faculty and staff, embrace the greater Towson community and develop bridges to more businesses and civic organizations. She has brought focus to the university's initiatives in STEM education and workforce development, innovation in teacher preparation and leadership development.

It is incumbent on all of us to ensure that Towson University continues to offer an affordable, accessible, quality education.

Thomas Berenbach '72

Ira Cox '88

Douglas Erdman '80

Samuel Fine '03

Ellen Fish

Dennis Mather '72

John Hayden

Arsh Mirmiran

J. William Murray '08

Molly Shock '75

Bryan Thaler '97

Marcia Zercoe '82

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