Date: 8/20/2009
By Diane Chiddister
from the Yellow Springs News
Antioch College moved one step closer to independence last week, when a Greene County court approved the transfer of the college endowment from the university to the college.
“We seem to be on track,” said Matthew Derr, chief transition officer for the Antioch College Continuation Corporation, or ACCC, in an interview last week. “It’s all moving as fast as expected.”
The goal for closing the deal between Antioch University and the ACCC for an independent college is Aug. 31, and Derr said that he expects that goal to be met. The transfer of endowment funds was one of several steps that outside agencies needed to take for the transfer to occur, according to Derr.
If the deal is closed as planned on Aug. 31, the effort will be unprecedented, Derr said. “No group of alumni has ever brought back a national liberal arts college,” he said.
Read the full story on the YS News website