NEW COLLEGE INSTITUTE BOARD RESPONDS TO FOUNDATION

Martinsville, VA, March 04, 2023 (GLOBE NEWSWIRE) -- Richard Hall, Vice-Chairman of the Board of Directors of the New College Institute, a state higher education agency located in the Baldwin Building in the City of Martinsville Virginia, released the following statement regarding the decision of the now defunct New College Foundation’s (NCF) decision to form a new charitable foundation now known as the Martinsville Henry County Academic Foundation (MHCAF):

“Founded in 2006 by state charter by the Virginia General Assembly, The New College Institute (NCI) is a higher education state-agency of the Commonwealth and center of learning that provides access to academic degrees, workforce credentials and professional learning experiences in high quality learning environments to prepare students for regional and statewide career opportunities and participation in collaborative, positive community change, while promoting regional economic prosperity and community transformation.

“Incorporated as a 501(c)(3) public charity in 2006 solely to provide ‘financial and other support to the New College Institute,’ the New College Foundation (NCF) has received significant financial support from donors who intended their charitable giving to fully support NCI, has received yearly grant monies earmarked for New College, and has received tax-payer monies utilized by the Commonwealth of Virginia for the purchase of the main campus building that the now non-functioning and defunct NCF previously owned by grants.  For the past five years, despite continued efforts by NCI to engage with its own foundation, the New College Foundation has completely abandoned and abrogated its sole responsibility to provide support for NCI. It is undisputed that the New College Foundation has never raised any money on its own for the benefit of New College during that 5-year period.  It has instead sustained itself on other funds that were previously raised for NCI without the help of the current foundation’s leadership and has obtained Virginia taxpayer monies that were paid to it by the Commonwealth of Virginia for the state’s acquisition of the Baldwin Building.

“The fact that NCF’s Executive Director works remotely from the comforts of his home in Tennessee is a clear indicator that this foundation does not work for the citizens of Martinsville and Henry County.  And it has now just been made clear that NCF has utterly failed in its singular mission to support this higher learning center.  With its recent ‘dissolution’ and attempt to re-make itself into a broader educational foundation, the now-defunct New College Foundation appears to be attempting to improperly convert those donations, grants, and tax-payer monies given to NCI through NCF, for its new foundation’s future use, with no accountability or communication to the New College Institute, or to those that made those previous donations. 

“Moreover, the actions taken by the new (MHCAF) Foundation in its reorganization to improperly attempt to transfer all NCF’s previously acquired assets to the Harvest Foundation rather than to NCI upon its dissolution are completely unacceptable.” While NCI will not stand in the way of NCF trying to start over as a new foundation, it must nevertheless first divest itself of the funds it currently holds to the benefit of New College Institute.  And while New College applauds this new foundation’s (MHCAF) efforts to help the citizens of Southside, this “new” foundation cannot do so with funds that were received prior to these changes and meant to support New College Institute.

“Consequently, NCI’s Board of Directors’ Executive Committee voted unanimously at its meeting on February 9th to authorize NCI’s legal counsel, the Office of The Attorney General of Virginia, to take all steps necessary (including but not limited to immediate legal action), in order to protect the assets of the Commonwealth, New College Institute, and the tax-paying citizens of Virginia from the recent actions of the Board of Directors of the New College Foundation. New College anticipates that a new foundation supporting the Institute will be established once these funds are rightfully returned from the now defunct and ineffective New College Foundation.”

“Additionally, given that the now defunct foundation has not played any positive role and has abandoned its responsibilities to New College Institute over the last 5 years, all matters related to this new (MHCAF) Foundation are being handled by the solely by the board of NCI in conjunction with its legal counsel at the Office of the Attorney General of Virginia therefore allowing the new NCI director and staff to work toward fulling NCI’s mission without distraction.”

 


NEW COLLEGE INSTITUTE BOARD RESPONDS TO FOUNDATION

TIN LIÊN QUAN

Terracon Foundation Awards Over $90,000 in Grants

Grants and scholarships made to universities and organizations throughout U.S....

N. Joyce Payne Center for Social Justice Promoting Civic

Washington, March 11, 2023 (GLOBE NEWSWIRE) -- The N. Joyce Payne Center for Social Justice (PCSJ) and the National Historically Black Colleges &...

New Assessment HQ Update Underscores Urgent Need to Get

Statewide Assessment Results from the 2021-22 School Year Published on the Platform Provide Parents and Policymakers an Important Window into Student...

Cowlitz Tribal Foundation Celebrates 2022 Grant Recipients

The Cowlitz Tribal Foundation’s philanthropic efforts topped $8 million in 2022, with grants distributed to 110 nonprofits in Clark County and throughout...

THỦ THUẬT HAY

Cách thiết lập Apple Maps mặc định chỉ đường khi đi bộ

Thông thường chế độ giao thông mặc định trong Apple Maps được thiết lập chỉ đường khi lái xe, nhưng chỉ với một tùy chỉnh đơn giản, bạn có thể điều chỉnh trải nghiệm Apple Maps mặc định thành phương tiện mà bạn hay sử

Giải mã các thông số kỹ thuật trên laptop

Khi mua mẫu laptop thế hệ mới, người dùng sẽ gặp những thông số kỹ thuật thể hiện những tính năng mà laptop mang lại. Hiểu được những thông số này, người dùng sẽ dễ dàng chọn đúng mẫu laptop phù hợp. Những thông tin

Hướng dẫn đọc file DWG không cần phần mềm

Cũng tương tự như các định dạng văn bản khác, chúng ta có thể convert DWG sang những định dạng phổ biến hơn, như trong bài viết này, chúng ta sẽ cùng đưa nó về dạng *.PDF - một định dạng đang được sử dụng khá phổ biến

Cách ẩn người theo dõi Facebook trên điện thoại, máy tính cực đơn giản

Hướng dẫn bạn cách ẩn người theo dõi Facebook trên điện thoại, máy tính một cách đơn giản và nhanh chóng. Click xem ngay nhé!

5 bước giải cứu điện thoại bị rơi vào nước

Nokia hướng dẫn cách giảm thiểu việc smartphone bị hỏng do nước tràn. Đây được cho là phương pháp hữu ích có thể áp dụng cho những điện thoại khác.

ĐÁNH GIÁ NHANH

Đánh giá hiệu năng của Lenovo Yoga Book: Đáp ứng mọi nhu cầu giải trí

Lenovo Yogabook là thiết bị được lai giữa tablet và laptop, không chỉ đẹp – độc đáo mà hiệu năng cũng khá tốt so với các thiết bị cầm tay hiện tại. Hôm nay hãy cùng FPTShop đánh giá hiệu năng của sản phẩm tablet đến...

Jaguar F-Type S Convertible: Hiệu năng cao, vẻ đẹp ấn tượng và trải nghiệm lái choáng ngợp

Có nhiều yếu tố khiến Jaguar E-Type được tôn thờ và ca ngợi bởi cả fan cuồng của hãng xe Anh và những nhà báo, nhà thiết kế khó tính nhất. Đó có thể là tốc độ tối đa 240 km/h thuộc hàng

Đánh giá smartwatch DT No.1 F3: phong cách thể thao, chống nước, pin 1 năm

DT No.1 F3 là chiếc smartwatch mang phong cách trẻ trung, hiện đại, thời gian sử dụng lên đến 1 năm. Ngoài ra, chiếc smartwatch này còn có khả năng chống nước. So với phiên bản F2, DT No.1 F3 lần này có thiết kế thể