30 June 2009 Tuesday

Independent Antioch College

Yes!

Antioch University and Antioch College Continuation Corporation Reach Accord

Ann Arbor, MI—With support from the Great Lakes Colleges Association (GLCA), the boards of Antioch University and the Antioch College Continuation Corporation (ACCC) each unanimously voted in favor of a set of definitive agreements for the creation of an independent college in Yellow Springs, Ohio, including the transfer of the campus and endowment. Once all conditions are met, the transfer will occur in late summer.

In June 2007, the Board of Trustees for Antioch University declared financial exigency at Antioch College and suspended operations one year later with the plan to reopen the College in the future with alumni support. For the past year the GLCA?s president, Richard Detweiler, assisted a Taskforce composed of alumni representatives and trustees as it negotiated the details accepted by both boards in this agreement. Detweiler said ?An enormous amount of work, done in a spirit of shared commitment and good will, was exhibited by all of the members of the Taskforce. The path to this outcome was long and complicated, and while there were discouraging moments, they never gave up.?

Alumni group to pay $6M to separate Antioch College in Ohio from parent university