2 Corcoran critics ousted from board that oversees New College donations

In a significant move, Richard Corcoran, president of New College of Florida, has dismissed two board members from the New College Foundation, which oversees the college's charitable donations and endowment. This action, taken just hours after trustees granted him the power to unilaterally remove members, has sparked criticism from various stakeholders, including students and faculty. The ousted members, Susan Burns and Larry Geimer, had previously raised issues regarding Corcoran's spending practices and the management of the college's $48 million endowment. Concerns have been voiced that Corcoran's actions may open the door to redirect restricted donations—typically allocated for scholarships and faculty positions—toward his substantial salary and the expansion of the college's athletic programs. College administrators have countered these claims by alleging that the dismissed members mismanaged foundation funds and possibly breached state sunshine laws.

A spokesperson for the college emphasized its commitment to effective resource management and accountability in supporting New College's vision for the future. The situation highlights the ongoing tensions surrounding governance and financial oversight at the institution. As Corcoran consolidates power, the implications for the college's financial practices and trust among stakeholders remain uncertain.