Washington, DC. Michael Cooney, a partner and leader of both the firm’s higher education and nonprofit organizations practices, joins AGB Institutional Strategies, a new consulting service focused exclusively on the complex business, operational and financial challenges facing colleges and universities.
Launched in January 2016, AGB Institutional Strategies is a division of The Association of Governing Boards of Colleges and Universities (AGB), the charitable trade association of the trustees of all the major nonprofit colleges and universities across the U.S.
“There’s a lot of tumult going on in higher education right now, especially with admission trends and the school-age population affecting budgets’ bottom line,” said Mike. “This service will be helpful to the boards of dedicated and smart people who are under pressure to make changes but don’t have the business experience to handle the situation.”
Mike brings a unique perspective to his role as advisor on mergers and affiliations for AGB Institutional Strategies. He leverages more than a quarter-century of experience representing and advising a range of higher education institutions on a variety of issues, including mergers, new business models, affiliations, foundations and fundraising. His deep understanding of funding mechanisms comes from extensive work with financial institutions in higher education. In fact, he was the first non-business officer elected to the governing board of Eastern Association of College and University Business Officers.
Members from a broad range of backgrounds with many different skill sets populate the AGB Institutional Strategies team, making engagements multi-disciplinary. Nixon Peabody is the only law firm member.