Emerson College’s only independent, student-run newspaper since 1947

The Berkeley Beacon

Emerson College’s only independent, student-run newspaper since 1947

The Berkeley Beacon

Emerson College’s only independent, student-run newspaper since 1947

The Berkeley Beacon

Marlboro requires $200 million to keep campus open

Lizzie Heintz
The Potash Hill campus was sold in May for $225,000.

Marlboro College needs a large influx of cash if the institution is to stay open past its slated closure date in spring 2020—almost $200 million to be exact.

“We have an operating deficit this fiscal year and, in order for us to fully stay open in perpetuity, we would need about $200 million,” Chief Advancement Officer Rennie Washburn said.

According to Marlboro College’s IRS Form 990, for the Fiscal Year ending June 2018, the college’s expenses totaled over $18 million—almost $1 million fewer than the previous year. The college expenses still outpaced its revenue by $2.7 million, according to the form.

The proposed merger between Emerson and Marlboro is still in its infancy but, regardless, if the merger materializes, Marlboro College is slated to close at the end of the spring 2020 semester.

Washburn clarified that the proposed merger between Emerson and Marlboro was not rushed after Marlboro’s former agreement with the University of Bridgeport fell through.

“There was not a rush from our standpoint,” she said. “However, We did want to try to find a [merger] partner before the end of this fiscal year. What I have been told is that things fell into place quickly between our board [of trustees] and [Emerson’s] board [of trustees].”

Marlboro College President Kevin Quigley will also not receive a severance package when his contract expires after the spring semester, Washburn said.

Washburn said in a phone interview with The Beacon that the college is exploring severance packages for other college employees.

“There are people that are exploring the possibility for long-time staff members,” she said.

Leave a Comment
About the Contributor
Jacob Seitz
Jacob Seitz, Staff Writer
Jacob Seitz is originally from Central Ohio and resides in Cambridge. He is currently a staff writer at The Beacon, having previously served as Assistant Express Editor. He was previously Assistant Editor of The Record, the student newspaper at Antioch College in Yellow Springs, OH. He has covered The Women’s March, The Straight Pride Parade, and has reported on the Massachusetts State House for the Beacon. He led The Beacon’s coverage of Emerson College’s acquisition of Marlboro College, and has been published in The Brattleboro Commons in Brattleboro, Vt.

Comments (0)

The Berkeley Beacon intends for this area to be used to foster healthy, thought-provoking discussion. We welcome strong opinions and criticism that are respectful and constructive. Comments are only posted once approved by a moderator and you have verified your email. All users are expected to adhere to our comment section policy. READ THE FULL POLICY HERE: https://berkeleybeacon.com/comments/
All Sort: Newest

Your email address will not be published. Required fields are marked *