Conflicts of Interest and a “Memo of Frustration”: A Community College Foundation Finds Itself in a Mess
The boards of the College of DuPage and its foundation are very much in the public eye, and not in a good way.
Judicial standing is one thing; basic respect for partners who have long invested their time and treasure in you on the understanding that your futures are tied up together is another.
The richest universities, even though they did lose assets during the recession, did not have to pinch pennies in their moneymaking capacities and so hit the ground running as the recovery started.
The stakeholders of Sweet Briar College are trying to get the court to delay the college’s closing so that the situation can be thoughtfully considered. They need an activist AG who indicates he understands that time is the major variable to ensure a good decision.
If you are conflict avoidant you probably should not aspire to lead a nonprofit, because it can be very VERY rough sometimes.
In this case, as in the one today on Cooper Union, the NY Attorney General challenges boards on their misuse of organizational assets—in this case, two buildings.