Home Page
Gifts & Grants
Fund Raising
Managing Nonprofit Groups
Technology
Philanthropy Today
Jobs
Guide to Grants
The Nonprofit Handbook
Facts & Figures
Events
Deadlines
Current Issue
Back Issues
Directory of Services
Guide to Managing Nonprofits
Continuing-Education Guide
Fund-Raising Services Guide
Technology Guide
About The Chronicle
How to Contact Us
How to Subscribe
How to Register
Manage Your Account
How to Advertise
Press Inquiries
Feedback
Privacy Policy
User Agreement
Help
|
|
|
|
|
|
July 01, 2009
From The Chronicle: Alumni Group Signs Deal to Take Over Closed College
A group of Antioch College alumni will take control of the shuttered Ohio college under a deal with trustees, reports The Chronicle of Higher Education.
Pending approval by state officials, the Antioch College Continuation Corporation will pay $6-million to take over the school’s endowment, its Yellow Springs campus, and a nearby nature preserve. The 150-year-old college suspended operations in 2007 after years of financial losses.
“The exciting opportunity that we have is that we can create a business model for this economy,” said Matt Derr, the corporation’s chief transition officer. “We tend to think that we will embrace this economy, stay small, and fund a small program.”
Comments
Commenting is closed for this article.
Previous: Government and Politics Watch: Debating the Social Innovation Fund
Next: From The Chronicle: Colleges Tap 'Underwater' Endowments
Copyright © 2009 The Chronicle of Philanthropy
As a 1965 graduate of Antioch College I could not be more pleased!
— Alexander "Sandy" Macnab Jul 1, 08:07 PM #