Marymount California College to close down following merger strive

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Dive Transient:

  • Marymount California College will shut completely on the finish of August, it mentioned closing week in a statement coming simply days after a merger with fellow Catholic establishment Saint Leo College collapsed.
  • Officers at Marymount California mentioned years of declining enrollment coupled with emerging running prices and pandemic-induced stresses spurred the establishment’s death. 
  • The college mentioned in a observation it is going to lend a hand scholars transition to different establishments for the autumn however didn’t specify how it is going to achieve this. A spokesperson didn’t reply to a request for remark Monday.

Dive Perception:

Marymount California, close to Los Angeles, attempted to live to tell the tale via laying its merger plan with Saint Leo, primarily based in Florida. 

The deal were within the works for months earlier than the 2 establishments introduced it in July. On the other hand, it fell thru after Saint Leo’s accreditor, the Southern Affiliation of Faculties and Faculties Fee on Faculties, or SACSCOC, declined to log off at the association in December.

SACSCOC mentioned then that Saint Leo had no longer presented a enough plan to reveal the merger would meet the accreditor’s usual requiring accountable budgeting. 

Marymount California and Saint Leo mentioned closing week that the accreditor’s refusal delivered a deadly blow to the deal and that it will be referred to as off

In a while after that announcement, Marymount California President Brian Marcotte mentioned the college was once hopeful about subsequent steps.

However like different small, nonprofit schools, Marymount California noticed the pandemic overwhelm its budget. Professionals had predicted this contingent of establishments will be the maximum susceptible amid the disaster and amongst the ones possibly to near. 

The college’s governing board debated choices that might permit it to stay operational “however in the end deemed those possible choices and their related timeframes unworkable,” Marymount California mentioned in a Friday observation.

“That is a particularly unhappy day for Marymount and for the legacy and traditions misplaced, each for our campus group and the native Palos Verdes space we now have referred to as house for greater than 50 years,” Marcotte mentioned within the observation. “This choice was once no longer made frivolously. However we felt essentially the most compassionate factor to do was once to offer everybody time to make plans.”

Now, the college will attempt to hyperlink school and personnel to “new alternatives,” it mentioned. It employs 140 full-time personnel and enrolls 500 full-time scholars, the college mentioned. 

Marymount California was once based in 1968 as a two-year Catholic junior faculty and adjusted to its present title in 2013 because it expanded its campuses and its bachelor’s and graduate stage choices.

On the other hand, its budget have lengthy been turbulent. It was once running with a $3.1 million deficit in 2020, in step with its most up-to-date to be had federal tax report.

The Western Affiliation of Faculties and Faculties Senior Faculty and College Fee in March 2016 renewed the college’s accreditation for 6 years. Nevertheless it expressed “critical issues” and mentioned the establishment will have to lay the groundwork for a brand new president to deal with exceptional issues, maximum pressingly a monetary deficit. 

Subsequent month, Lucas Lamadrid turned into the college’s subsequent president. He lasted lower than two years following accusations he spent college cash exorbitantly and made racist, homophobic and sexist remarks. Marcotte took over the presidency in February 2018.

The college additionally swiftly close down a campus it operated in northern California in 2017.

Marymount California’s closure is no less than the second one amongst small non-public schools to be introduced in fresh weeks. Lincoln Faculty, a predominantly Black establishment in Illinois, not too long ago mentioned the pandemic and a cyberattack that muddied its enrollment projections will power it to shutter in Would possibly.

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