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College Trustees Pledge $9M to Antioch College

YELLOW SPRINGS, Ohio – June 17, 2011 – In a show of support to the continued revival of Antioch College, the trustees of the College have pledged to give $9 million over the next three years to help cover the College’s operating costs, Board Chair Lee Morgan announced today.

“When we all sign on as trustees of Antioch College, we commit ourselves to doing what we can to assure its success. These gifts are a demonstration of how strongly we believe in the importance of reviving Antioch College,” Morgan said.

Since 2007 when major fund-raising began for what would become an independent Antioch College, members of the board have made considerable contributions of time and resources to the revival effort. The announcement of these new gifts comes just three months before the College welcomes its first class of students.

The $9 million board pledge will cover more than one-third of the college’s three-year, $27 million operating budget, President Mark Roosevelt said.

“I’m fortunate to be able to work with a board that is fully invested in the success of Antioch College,” Roosevelt said. “This board is passionate about liberal arts education and about Antioch College. Together, they offer leadership and often strong advice about the direction of the College. And the support they give to the faculty, staff and administrators who are working to bring Antioch back is never in question. For that, I’m grateful.”

Antioch College is governed by a 14-member Board Pro Tempore that includes educators, academics, entrepreneurs, civil rights leaders, and industry professionals. Most are alumni of Antioch College. Their individual contributions to meet the $9 million pledge are anonymous.

Since 2007 when the University announced Antioch’s closure, the college advancement team has raised $22.4 million. The College’s annual fund has brought in $1.5 million this fiscal year; about 26 percent of college graduates have given to the fund this year.

Roosevelt, a former superintendent of Pittsburgh Schools and Massachusetts legislator, started his term as the College’s president in January. He recently announced the appointment of Stephen W. Sturman as the vice president of advancement, to lead the College’s fund-raising efforts.

About Antioch College

A private, independent nonprofit liberal arts college in Yellow Springs, Ohio, Antioch College will offer a four-year, undergraduate residential experience to a new class of students. The College curriculum puts emphasis on rigorous liberal arts learning, work (cooperative education), and community engagement. Students will complete individualized majors based on one of 11 concentrations, a language minor, and six full-time work experiences. The institution, originally founded in 1850, is now completely independent of Antioch University, the multi-campus system it created.

MEDIA CONTACT:
Gariot P. Louima 

Chief Communications Officer
Mobile: 937-581-8201
glouima@antiochcollege.org