In Fall 2020, President Christina H. Paxson convened the ad hoc Committee on Promoting Financial Health and Sustainability, appointing Provost Richard M. Locke as chair and membership that included staff, faculty and students. President Paxson charged the committee with developing recommendations to promote the long-term financial health and sustainability of the University. 

In October 2021, the committee released its final report, which sets forth a summary of the context that informed the committee's work as well as the committee's charge, the process by which the committee conducted its work and the committee's overall recommendations for consideration.