Ie New York College

“Ian Kerr, Elinor Ruth Tatum, Daniel Bena, Laura Becking, Sylvie Freund Pickavance, Jo Ann Rolle, Eva Haller, Amit Bhargava, Neena Mahal and Euan Rellie (former Trustees of GCNYC) are independent as they are remunerated by neither the filing organization nor the outgoing sole-member (GCU).”

“The outgoing related organization (GCU) carried out various administrative functions on behalf of the College. These included, but are not limited to Treasury, Finance & Accounting and Human Resource support. As a result of this service provision, a charge has been calculated at the end of the financial year based on time spent, and an invoice raised to the College for those services. The amount in question for 2023/24 was $44,493.”

“During the financial year 2023/24, the College transferred its Sole member from Glasgow Caledonian University (GCU) to IE University. The assets and liabilities were transferred to IE University with an effective date of July 30th, 2024. As part of this process, the College underwent a name change which was submitted to and accepted by the Middle States Commission on Higher Education (MSCHE).”

“Historically, under the organizations by-laws (Article II Membership Section 1) the sole member of GCNYC was the University Court of Glasgow Caledonian University (GCU), as incorporated under Article 3 of the Glasgow Caledonian University (Scotland) Order of Council 1993 and section 45(2) of the Further and Higher Education (Scotland) Act of 1992). From the 31st July 2024, the College has a new sole member, IE University.”

“Under the historic by-laws of the organization (Article III Board of Trustees Section 3), the number of trustees shall be fixed from time to time by the member (GCU). The trustees shall be elected at the annual meeting of the member. A vacancy on the Board arising at any time and from any cause may be filled by the member. Any trustees may be removed with or without cause by the member.”

“The Board of Trustees prior to the transition on 30th July 2024 (Professor Mike Mannion, Paul Brown, Ian Kerr, Elinor Ruth Tatum, Dan Nena, Laura Becking, Sylvie Freund Pickavance, Jo Ann Rolle, Eva Haller, Amit Bhargava, Neena Mahal and Euan Reille) could be contacted at the following address: GCNYC, 70 Cowcaddens Road, Glasgow, Scotland, G4 0BS, United Kingdom. The board of trustees post- transition on 31st July 2024 (Jo Anne Rolle, Euan Rellie, Manual Muniz, Kofi Appenteng, Fernando Barnuevo, Mar Hurtado, Lee Newman, Macarena Rosado and Macarena Ruiz-Jarabo) can be contacted at the following address: IENYC, 64 Wooster Street, New York, NY, 10012.”

“The board of trustees are the governing body of GCNYC. The Form 990 has been prepared by the Financial Accounting Manager in conjunction with the Governance and HR departments. It has been reviewed by professional advisors where appropriate and a copy of the return has been made available to all trustees post transition. The Form 990 has been discussed and approved at the December 2024 committee meeting.”

“The trustees of GCNYC were historically required to submit a register of interests form annually to Governance in accordance with the Register of Interests Policy.”

“Historically, the compensation of the GCNYC staff members was discussed and approved by the Board of Trustees who normally meet three times per year. Post Transition, the compensation of IENYC staff will continue to be discussed and approved by the new Board of Trustees.”

“Upon request GCNYC will provide Audited Financial Statements and in accordance with relevant Federal law, will provide copies of Tax Form 1023 Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code and the most recent Form 990 and 990-T.”

“Jacqueline LeBlanc was Vice President and Provost of Glasgow Caledonian New York College through July 30, 2024, when the College's Sole member was transferred from Glasgow Caledonian University to IE University and the school legally changed its name to IE New York College. Compensation and average hours per week reported is for calendar year 2023, consistent with IRS Form 990 instructions. Effective July 30, 2024, Jacqueline LeBlanc became Interim President and Provost at IE New York College.”

“Glasgow Caledonian New York College (GCNYC) was originally incorporated in June 2017 and founded by Glasgow Caledonian University (GCU or Former Parent). On July 30, 2024 GCNYC transferred to a new Sole Member, IE University, and has changed its name to IE New York College (IENYC or the College). The College, as per the incorporating documents is an educational corporation that operates under its own charter with the New York State Education department and maintains accreditation with the Middle States Commission on Higher Education and no part of the earnings of the College shall inure to the benefit of any individual. Globally renowned for social impact for business and ESG education, IE University and IENYC have complementary purposes with a focus on riving positive change through education, research and innovation. Established in 1973, as IE Business School, IE University is now recognized as one of the most innovative universities in the world according to international rankings. They have been ranked by the Financial Times as 1st in the world in ESG and Net Zero Teaching, and they collaborate widely with the United Nations on the fulfillment of the Sustainable Development Goals.”

“M.S. Sustainable Fashion - This course equips students with the knowledge and skills to transform the fashion industry, promoting sustainability, social equity and ethical practices. Blending theoretical foundations with practical applications, the program is designed to deliver a comprehensive understanding of sustainability and purpose in the fashion industry. M.S. Business for Social Impact & Sustainability - This course equips students with the knowledge and skills to drive positive social and environmental change through business. The program blends theoretical foundations with practical applications, focusing on innovative business strategies that align positive impact with profitability and long-term success. Students will learn cutting-edge sustainable business practices, positioning them to lead their organizations toward a relevant future while making a significant impact on society and the environment. M.S. Risk, Resilience and Integrity Management - This course imparts the skills and knowledge required to analyze risk as an opportunity to drive growth and change. The Colleges unique approach to enterprise risk examines aspects of crisis and data management, business continuity and corporate social impact. All organizations need risk management professionals who can thrive on the challenges of globalization, new technologies and the increasing demands of working towards sustainability.”

“On June 13, 2024, Glasgow Caledonian University authorized full forgiveness of the revolving loan of $28,211,747. Glasgow Caledonian University, a public university in Glasgow, Scotland was the sole member of Glasgow University New York through July 30, 2024 when IE University, a Spanish non-profit civil law corporation became the sole member.”