March 26, 2019; Martinsville Bulletin
In 2006, the New College Foundation (NCF) was created to “provide the ‘margin of excellence’ to enable the New College Institute to continually grow and prosper, meeting the changing needs for higher education and economic growth for Martinsville, Henry County and this region of the Commonwealth (of Virginia)”—a place that had lost 19,000 manufacturing jobs over two decades. But the financial returns to the college have been small—16 endowed scholarships worth a total of $46,000 this current school year. Meanwhile, NCF, as owner of the new facility that houses the college, charges it