Swarthmore College Board of Managers Records

Under the 1864 Charter of Swarthmore College, the Board of Managers was elected at the annual meeting of the Stockholders of the College held each December in Philadelphia, Pa. The amendment of 1870 included a provision that sixteen of the thirty-two Managers were to be women, a formalization of the de-facto Board membership. In 1910 application was made to the Court of Common Pleas of Delaware County to change the organizational structure of the Corporation and eliminate the stockholders provision of the Charter. This was approved on October 22, 1910. The Board of Managers took over the fiduciary responsibilities of the College and was authorized to elect its successors, appoint the College president and other officers, and adopt by-laws as may be necessary for the management of the College.

As a result of the Charter revision, the last meetings of the Friends Educational Association and the Stockholders of Swarthmore College were held on December 6, 1910, at which time the first Board of Managers of Swarthmore College was elected and the Stockholders Association dissolved. At that time, all shares of stock were surrendered to the Swarthmore College Corporation.