FOREST CITY — The sale of Waldorf College was finalized Friday.
Mayes Education Inc., a wholly owned subsidiary of Columbia Southern University, is now the owner of Waldorf College.
A public celebration is scheduled from 10 to 11 a.m. Friday, Jan. 29, in the Waldorf College atrium. Joseph Manjone will be installed as college president at that time.
The journey began last January when Waldorf officials began their search for a way to save the college.
Following unanimous approval to pursue the asset agreement by the Waldorf Lutheran College Association of Congregations and the Board of Regents, former Waldorf President Richard Hanson proceeded with the transactions necessary to sell the college’s assets to Mayes Education.
“It is very rewarding to see the culmination of so many months of hard work come to fruition,” said Robert Mayes, CEO of Mayes Education and president of CSU. “We are looking forward to helping Waldorf become the college it was always intended to be – a lively, thriving community.”
Waldorf and CSU, as separate institutions, will work closely together for the betterment of both schools by providing new majors, campus improvements and distance learning programs.
New majors in sport management, international management, criminal justice administration, organizational leadership and fire science administration are now available for residential students.
Distance learning programs, primarily online programs with some classroom requirements, will be available on Wednesday in business administration, organizational leadership and fire science administration.
A blended concept is used for new campus majors with courses primarily offered in a classroom format with three to five distance learning courses.
Mayes Education is helping Waldorf add cross-country, track, bowling and a men’s JV basketball team to its athletic offerings.
The Waldorf choir, jazz band, wind symphony, Warrior pep band, and theater will continue, as well as campus ministry.
The Waldorf Lutheran College Foundation, a non-profit organization originally founded in 2006, will continue to serve as a link between the past and the future.
The foundation will receive gifts, manage endowments, award scholarships to students attending Waldorf, and support alumni and campus ministry.
Gifts to the Foundation continue to be tax-deductible and qualify for Thrivent matching funds from member contributors.
“We are thankful for the vision and generosity of Mayes Education, and thrilled that Waldorf College will be able to continue engaging students for many years to come,” said Robert Alsop, vice president of academic affairs at Waldorf.
CSU was established in 1993 as one of nation’s first completely online universities.
Serving a record enrollment of more than 20,000 students, the university offers associate, bachelor, master, doctoral and certificate programs.
CSU holds partnerships with over 1,500 organizations around the world including Delta Air Lines, the New York Fire Department and the National Sheriffs’ Association.