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October 12 , 2007 Issue V Welcome to the fifth issue of "Antioch Update," a weekly electronic newsletter that we are sending to the Antioch community to keep everyone updated on College and University news. It is being brought to you by the University’s Vice Chancellor for University Advancement and the Director of the College’s News & Information Office. Please let us know how we can make this weekly update more effective. You may send your suggestions to Vice Chancellor for University Advancement Mary Lou LaPierre at mllapierre@antiochseattle.edu. Trouble viewing this email? Visit the web version. In this Issue
Antioch College Grad Mario Capecchi '61 Wins Nobel PrizeCapecchi is the second Antioch College alum to win a Nobel prize
Support the Alumni Fundraising EffortsOver the last few weeks, the Alumni Board has mounted a fundraising campaign to support the College's annual fund. We encourage all alumni to support this effort with a generous donation to the Annual Fund. You may do this by sending your gift to Antioch College, Office of Institutional Advancement, 795 Livermore Street, Yellow Springs, OH, 45387. Commonly asked Questions to the Antioch Board of TrusteesThe Board’s recent decisions and plans for the future of Antioch College have generated many inquiries. We include answers to a few of the most frequently asked questions that we hope will be beneficial as part of our strengthened communications effort.
1. How many members of the Antioch University Board of Trustees are College alumni?The Board of Trustees has 20 members and 16 of them – 80 percent – are College graduates. Because so many of the trustees are College graduates the decision to suspend College operations was an agonizing one for the trustees to make. Yet, given the enrollment and financial data, it became the only feasible option. 2. Does the College receive any financial assistance from the other Antioch campuses?Antioch University is made up of seven units: the College, five other campuses and the Ph.D. in Leadership and Change program. Since the early 1990s, Antioch’s other units have directly contributed a total of $600,000 or more each year to the College. Starting in 2005-06, that annual amount increased to $740,000 per year. In addition, the College has not paid anything to fund the University’s central administration. The five other University campuses each contribute to central and administrative services, but the College does not. Along with the $740,000 in College support, the other campuses have paid a total of about $800,000 annually to cover the College’s share of funding central administration. The financial commitment from other campuses to support the College adds up to more than $1.5 million annually. 3. Are the financial records independently audited?All financial records of the University, including those of the College, are audited annually by an independent accounting firm. The College is not audited separately. The Denver meeting, Continuing the CollaborationAt an Oct. 3 meeting in Denver, representatives from the Board of Trustees and College Alumni Board – along with other invited alumni and University administrators – agreed there’s a common goal among all the stakeholders: a financially and academically feasible and sustainable Antioch College. Trustees and administrators at the Denver meeting offered constructive suggestions after recieving and conducting an initial review of the Alumni Board’s plan. Art Zucker, Board of Trustees chair, said he was impressed with the efforts of the Alumni Board. He emphasized he was pleased with the frank and candid discussions that took place. The Alumni Board stated that they now have a clearer picture of where they need to get to in their plan; and that they can move forward with their efforts. Rick Daily, treasurer of the Alumni Board, noted: "Given the information the Board of Trustees had in June, and given the situation the College was in, the Board of Trustees made a very understandable decision. However, given the extraordinary support from the alumni, we are confident the College can be kept open and restored to a place of prominence in higher education." The Alumni Board’s final plan will be presented at the Oct. 25 Board of Trustees meeting in Yellow Springs. Writer, Teacher, Public Speaker to Lead College Community Day Discussions
All Things AntiochWeekly Conversation with Chancellor Murdock
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