Palmer College issues statement about former alumni association assets

March 12, 2013 — Palmer College of Chiropractic officials are distributing the following message from Palmer College of Chiropractic Board of Trustees Chairman Trevor Ireland, DC, to members of the college community including Board of Trustees members, employees, and alumni from all three of its campuses as well as Davenport Campus student leaders.

“To the Palmer Community,

On November 2, 2012, the Iowa District Court ruled favorably on the College’s motion for summary judgment against the leadership of The Chiropractic International Alumni Association (TCIAA), a small group of individuals (less than 20) who previously were part of the Palmer College of Chiropractic International Alumni Association. The Court ordered dissolution of TCIAA and return of all assets to the College. Consistent with the Court’s order, TCIAA transferred its remaining assets, totaling slightly under $1 million, to the College on January 17, 2013.

Pursuit of these funds has been a trying ordeal over the past eight years; however, the fiduciary responsibility of the Palmer Board of Trustees necessitated this action to ensure the donors’ original intent for these financial gifts was maintained. As such, the Administration has now been directed by the Board to use these returned assets for the benefit of Palmer students.

I would like to thank our legal counselors, Mr. Richard Bittner, Esq., and Mr. Jeff Bittner, Esq., for their professional guidance, and all of you in the Palmer community for your patience and support. I am hopeful that the alumni defendants join us to resolve all matters and advance the College. Let us move forward, always doing what is best for Palmer.”

Source: Palmer College of Chiropractic, palmer.edu