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Martinsville Bulletin: Marshall looks into how NCI Foundation spends money

Martinsville Bulletin: Marshall looks into how NCI Foundation spends money

October 30, 2016


MARTINSVILLE – Del. Danny Marshall wants to know how $383,000 that the New College Institute (NCI) pays its private foundation annually to occupy its building on the Baldwin Block uptown is being spent.

“We owe it to the taxpayers” to find out, Marshall, a Republican from Danville who is on the institute’s board, said during the board’s meeting Thursday.

The New College Foundation, the institute’s independent fundraising arm, owns the three-story, 52,000-square-foot building between Fayette, Market, West Church and Moss streets. The building opened in 2014.

Technically, if the foundation wanted to, “they could kick us out” of the building, said another board member, state Sen. Bill Stanley, R-Franklin County.

That is unlikely, though. Although the Martinsville-Henry County Economic Development Corp., the Piedmont Governor’s School and the Martinsville-Henry County Visitors Center also are there, the building was constructed mainly to house NCI. The institute also has some classrooms in a building on the courthouse square nearby.

Read more at MartinsvilleBulletin.com!


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