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

[dl bahr]

Art:   I agree.  Yours is a important question.  Let us hear responses from key stakeholders.  Of course, with such fund raising efforts, it is vital that accountability to contributers be a central focus.  What are we asking others to fund?  What is the vision key stakeholders have for Antioch College?
Lesley

> Date: Mon, 5 Nov 2007 08:38:28 -0700
> Subject: Re: [Alumni-chat] 2 Million in 10 Days, WHY?
> From: aadole at roadrunner.com
> To: alumni-chat at w3.antioch.edu
> 
> 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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