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Antioch College—Be Ashamed to Let it Die!
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Executive Committee Report as of July 11, 2007

LETTER TO ALUMNI Nancy Crow, Alumni Association President, has written a letter to all 17,000 College Alumni, reporting on alumni actions since the closure announcement. It will be distributed soon and can be viewed by following this link.
CAMPAIGN TO DATE College Revival Fund pledges and cash : $525,000.

NONPROFIT STATUS The process has begun to incorporate the College Revival Fund as a § 501(c)(3) nonprofit, separate from both the University and the Antioch College Alumni/ae Association. The mission of the College Revival Fund is to develop a business plan for the College, build a separate governing board for the College, and to raise funds for the continued operation of the College.

ROLE OF ALUMNI IN DECISION-MAKING College Alum President Nancy Crow is an ex officio voting member of the University Board of Trustees. In that role, and as representative of the College’s 17,000 alums, she will be working on governance and fund-raising. She will carry the Alumni Association’s governance, fund-raising and business plan proposals to the Board of Trustees and seek the participation of the Alumni Association’s Committees in that process. The Alumni Association represents thousands of alums who are passionately committed to the College, and can marshall resources that the BoT cannot tap for the sur/revival of the College.

  • There has been an outpouring of passion, ideas, and funds. Alumni/ae Chapters are being organized in over 30 cities around the world — that is the foundation on which Antioch College’s future can be built.
  • Many alums have been sitting on their checkbooks because of deep skepticism about the University system.
  • The Antioch College Alumni Association Board is the only entity that can bridge the chasm between College alums and the University BOT.


ACCESS TO INFORMATION
In order to be an honest broker between estranged College alums and the BoT, the Alumni Association needs access to all of the documents and financial data that underlie the decision to suspend College operations; and the BoT has or is considering relating to plans for the operations and assets of Antioch College.

OTHER STAKEHOLDERS
The Executive Committee of the Alumni Board has established liaisons with the faculty and other stakeholders, and is including them in developing a detailed plan to present at the next meeting of the Board of Trustees, now scheduled for August 24-26.


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Fundraising Update

As of today, the Alumni Association has raised nearly $18 million in gifts and pledges from hundreds of donors eager to secure the future of Antioch College.

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The elected Antioch College Alumni Association Board of Directors continue to negotiate with the University Board of Trustees to establish an autonomous Board of Trustees for Antioch College, and to protection of assets of Antioch College for sole use of Antioch College.

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