[Alumni-chat] 2 Million in 10 Days, WHY?

[Art Dole]

On 11/3/07 11:12 PM, "dl bahr" <dlbahr at hotmail.com> wrote:
Lesley--These are excellent questions. One more: What do the remaining
staff, faculty, and administration, plus the students and their parents, and
the town (all the other stakeholders) think of them? Respond, please. Art
Dole 
> 
> We are told that a "historic moment" has come for Antioch College and that a
> new collaboration is being forged between the Alumni Board, the BoT, the
> Chancellor and other key stakeholders.  Agreements in Principle between AU BoT
> and Antioch College Alumni Board have been proposed in a final document dated
> November 2, 2007.
> 
> The document states that a "temporary restricted account will be set up."
> Where? Will this account be part of "the Antioch University Merrill Lynch
> account that is used for non-endowed investments?"
> 
> 1)  Why does AU need 2 Million dollars within 10 days?
> 2)  Will this "temporary restricted account" be set-up within 10 days?
> 
> By December 15th, 2007 a total of 6.6 Million dollars is to be paid by the
> Antioch Alumni Board to Antioch University to be used "solely" for Antioch
> College.  
> 
> According to the Agreement in principle the 6.6 Million among other things
> would be used for "repayment of obligations to the University."
> 
> My chief question:  Why can't the University wait for its repayment of
> obligations until Antioch College regains its strength?  What is the rush?
> What does Antioch College owe Antioch University?
> 
> I scratch my head in wonder at the twist and turns of this enterprise.
> What concrete autonomy has been established for Antioch College?  Alumni
> deserve accountability for the funds they are raising in the name of their
> Alma Mater. 
> 
> Lesley A. Pownall Bahr
> Minnesota
> 
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