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Committee flags $90k–$93k legal invoice tied to mediation with former foundation; to be discussed in closed session

New College Institute Finance & Resource Development Committee · January 14, 2026
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Summary

Committee members were informed of a low‑$90,000 legal invoice to the Office of the Attorney General, described as related to mediation with the former foundation; staff said board approval is required and the details will be presented in closed session.

The Finance & Resource Development Committee was briefed on a legal invoice in the low $90,000 range related to mediation with the former foundation, and members agreed the matter should be discussed in closed session and brought back to the board for possible approval.

Speaker 2 disclosed that the organization has identified an outstanding legal fee…

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