What's in a Name? An Introduction to Yeshiva University (1993)

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Special Message to the Yeshiva University Community (1980)

Several months ago, in a “Special Message to the Yeshiva University Community,” I described the steps that the University has taken to assure fiscal stability. I also told of how the University has been attempting to restructure its debts, and of the difficult ongoing negotiations with our lending institutions. I was encouraged by the reaction to that letter. The candor of my message elicited appreciation, concern, and promises of support no matter which route the University would be required to take. I therefore turn to our YESHIVA UNIVERSITY family with a second message. I am most pleased to report that on Monday, July 14, YESHIVA UNIVERSITY executed a series of historic agreements with our secured and unsecured lenders, which provide for a comprehensive debt restructuring plan of the University’s long and short term debt. This plan, approved by the Board of Trustees on July 8, has been formalized, documented, and made a matter of record. This essential phase of our program to assure the financial stability of the University has been consummated through negotiation. We have, in effect, taken a firm and secure step into the future. 2 The agreement, the result of nine and a half months of effort by University Board members, administrators, and public officials will, if successfully implemented, allow the institution substantially to discharge its debt and to continue relatively debt-free for the foreseeable future. It represents one of the greatest challenges and opportunities YESHIVA UNI- VERSITY has ever faced. If we seize the opportunity and rise to the challenge, we can become free at last of the crushing burden of huge monthly financial obligations which have sapped our strength and enthusiasm. Basically, the success of the debt restruc- turing effort and the significant benefits to be derived from the agreement rest upon the University’s ability to remit some $35 million by the Spring of 1982. The first payment of $5 million was made July 14, 1980, when the a…

Yeshiva University

Chag Hasemicha 5763 (2003)

Rabbi Lamm addresses newly-ordained rabbis at the Chag Hasemicha 5763.

Yeshiva University

Chag HaSemicha 5741

Rabbi Lamm addresses new rabbis at the Chag HaSemicha 5741.

Yeshiva University