Antioch will conduct an “inclusive search process” for Roosevelt’s successor and hopes to name a new leader by November.
“Two or three years ago, at such a nascent stage in our development, this news would have been quite a challenge,” said board of trustees chairman Frances Degen Horowitz. “But Antioch College is in a much more stable place today and this is a logical time to think about the next great leader for this storied institution.”
Roosevelt’s announcement follows the announced departures of two other long-time university leaders. University of Dayton President Dan Curran said last December that he will leave his post in June 2016 and Miami University President David Hodge last week said he is leaving his post that same month. Curran has served as president since 2002 and Hodge since 2006.
Roosevelt’s fund-raising efforts have helped Antioch improve its financial standing. Since 2009, more than 8,000 people have given more than 40,000 donations totaling nearly $80 million, according to the college.
Along with Roosevelt’s decision to step down, the college also announced Tuesday that it has received its largest gift since reopening — a $6 million grant from the Morgan Family Foundation.
“We know that without Mark’s leadership we would not have been able to make such remarkable progress in raising the funds needed to support students, faculty, staff, and to restore the long-neglected and once-again beautiful campus,” Horowitz said.
The school is carrying out a plan to make the 165-year-old campus carbon neutral by 2018, according to the release. Roosevelt also has championed a close relationship with the village of Yellow Springs.
“We know that the way we live in America is not sustainable and are therefore building a campus that reflects our commitment to new and better ways of living,” Roosevelt said.
An Antioch spokesman said current enrollment at the college is 246. Incoming freshmen in the fall with pay half of the school’s full-time tuition of $30,250.
According to the college, the current freshmen class averaged 1,800 on the SAT in critical reading, math and writing, placing Antioch in the top 20 percent nationally.
The school — whose first president was politician and educational reformer Horace Mann — is not yet fully accredited, but earned the prerequisite “candidate” status in 2013. Roosevelt plans to participate in Antioch’s comprehensive evaluation for initial accreditation in November.
“Antioch College alumni — emboldened by their success thus far — will not permit anything less than a persistent, creative, and gritty resolve to keep the college moving forward,” Roosevelt said.