The Shawnee Mission East class of '08 loves its gay homecoming king.
Women loved Zachary Coleman. And he loved their money.
Everybody thinks Jeff Swanson is somebody famous. And he does nothing to dissuade them of the notion.
On Dec. 13, the school took out a $1 million loan secured by other New College campus buildings from Advance Holdings Participações Ltda., which I was unable to find information about at press time.
The college's seemingly intractable financial situation was recently summarized in a report from the WASC, which has suspended accreditation. "The fragile state of the financial situation leaves the College with few options to continue operations in the near and long term," the report read. "All the property is highly mortgaged, leaving little ability to sell and lease back buildings which would, in any case, be a short-term solution to the cash crisis. Continuing to borrow from individuals and bank overdrafts are a further indication of desperation to meet the basic operating obligations."
Much has been written here and elsewhere about the disastrous effects of New College's previous cultlike leadership structure, in which old friends Hamilton, Peter Gabel, and Millie Henry ran the college as if it were their own personal property. The WASC report made this analysis official, declaring that "many faculty members felt they were living in a culture of currying favor, rather than a culture of accountability with clear faculty rights and responsibilities." Both Molina and trustee Jane Swan told me that the old guard would no longer have a role running the school.
Ironically, and despite its mismanagement, New College seemed to attract significant academic talent because of its professed commitment to preparing students for careers advancing social justice. This is the aspect of New College that is worth saving.
It's now up to San Francisco civic leaders to dramatically expand, or supplant, the current board of directors and provide a complete break from the school's troubled past. This may seem like an obscure story about the travails of a tiny institution. But a human disaster is taking place that should matter to everyone. New College belongs, as a matter of law, to all of us. It is an IRS recognized category 501(c)(3) public benefit corporation, meaning that it is publicly subsidized through tax breaks to provide services the government somehow missed.
If this proves impossible, Molina, Swan, and Knowlton should admit defeat in their efforts to save the school, and help students and faculty get on with their lives and dreams.