Johns Hopkins' Financial implications and planning

Jedi

Member
Dec 25, 2018
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1,785
April 21, 2020

Dear Members of the Johns Hopkins Community,

I am writing to share with you the next stage in our response to the COVID-19 pandemic and, in particular, to detail the financial challenges that we are facing and the measures we will need to undertake to protect our university.

As you no doubt know from my previous messages to you, our university has responded with remarkable courage, compassion, and determination to the monumental challenges posed by the pandemic to our research, education, and clinical missions. We have and will continue to rise to the moment.

Even while the university’s fortitude in the face of the adversity posed by COVID-19 is a point of shared pride, there is no denying the devastating toll that it has exacted on all of us. As of this week, more than 40,000 Americans have died of the disease. Over the past month, more than 22 million Americans filed for unemployment compensation (300,000 people in Maryland alone). When the next round of GDP data comes out in late April, it is expected to report an historic level of decline not seen since the Great Depression.

 
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