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News Release (August 19, 1965)


Material Information

News Release (August 19, 1965)
Alternate Title:
New College News Release, For Immediate Release, Sent to Intercollegiate Press - Aug. 19, Box 46, C-llege Point 56, N.Y.
Physical Description:
New College of Florida
New College of Florida
Place of Publication:
Sarasota, Fla.
Creation Date:
August 19, 1965


Subjects / Keywords:
History -- New College (Sarasota, Fla.)
Planning -- New College (Sarasota, Fla.)
Records and correspondence -- New College (Sarasota, Fla.)
government publication (state, provincial, terriorial, dependent)   ( marcgt )
News release
Spatial Coverage:
United States -- Florida -- Sarasota


General Note:
Two page news release.
Source of Description:
This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.

Record Information

Source Institution:
New College of Florida
Holding Location:
New College of Florida
Rights Management:
Before photographing or publishing quotations or excerpts from any materials, permission must be obtained from the New College Archives, and the holder of the copyright, if not New College of Florida.
System ID:

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Full Text


COLLEGE NEWS RELEASE FOR IMMEDIATE RELEASE Sent to Intercollegiate Press Aug. 19 Box 46, C-llege Point 56, N.Y. NEW COLLEGE, SARASOTA, FLORIDA FURMAN C. ARTHUR INFORMATION Sarasota, Florida -The Board of Truatees of New College recently fo d a special foundation to seek new support for the college and to manage and build the present assets of the institution. They named Dr. George F. Baughman, Founding President of the college, to head the New College Foundation. Acting on a by President Baughman, trustees said they are beginning the foundation to help insure the continued orderly growth of New College, founded in 1960 and completing its first academic year in August 1965 The foundation, according to Dr. Baughman, permits flexibility in the administration of properties, gifts, and endowments as well as developing new ources of support for the college. DaJ-to-day financing of college activities remains the function of the college, with the foundation free to devote ita efforts to the long-range goals of support for the college. President Baugh n said many of the assets of the college would be transferred to the foundation. Task of the foundation. he indicated, would be to hold and enhance the a seta, to manage them efficiently and to. seek new sourc e of support for the college. -more-


New Coll ge Foundation page 2 "I speak from exp rience vhen I say that this arran e nt is essen tial to zpand the future of th coll ge," s id Presid nt Bau bman vbo headed a lti-aillion dollar xpanaion pro ram aa vice pr aid nt of ev York University before b coming president of N Coll ge. "It is s ly not in the cards that one man or one group of n ill be able effectively to the day-to-day operation of th colleg aDd also to build and protect its future," be told trust es. President Baugh n said that the v to initiate such a fo dation so early in the develop t of the college repr sents a "bold approach". owever, be said that like other argantuRn step taken by the colleRe i its short history, that it merely repre ents the reachins toward the college' hiRher goals. He indi&at d that as the foundation gr w in size that the board vo ld probably want to divide the duties of th pr sident of tb colle e and resident of the foundation. Louis H. LaMotte, ch irman of the Ex eutive and ?inance of International Busines Machines Corp. and chairman of the New College Board of Trust es, prai d President B ughman for his foresig t in reco ending the forma tion of the foundation at this sta e in the develop t of the and told of the board's unanimous action in appro in the plan and in the appointment of Dr. Baughman to bead tb foundation. oard ers are of th opinion that President BauRh n is the ideal person for this position. and they are delighted that he has accepted the r ther wea e reponsib1lte th t o with it, aid LaMotte. I

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