There would be no more classroom lectures; exams; Greyhound
Hall where Couch and a skeletal staff had the task of closing up
ball games; dances, theatre productions or music recitals. An
Yankton College.
educational institution and an entity that contributed immeasurably
So limited were the cash resources, payroll could not even be
to the quality of life for many in the community - in sports, in
met and the United Church of Christ membership stepped in
theater, in music would vanish.
offering their assistance by creating an emergency Relief Fund for
The seriousness of the situation came to light shortly after twelfth the college employees. In times of need or not throughout the life
YC president, Edward Couch was
of the college, the UCC membership
inaugurated earlier that fall. The
(many of them YC alums) generously
decision to close was made after the
supported the school, because of their
grave financial picture finally became
close association since its founding.
known after weeks of analysis and an
Like a death in the family, many
in-depth audit. The first college in
close to YC felt bitterness and anger, an
Dakota Territory was a victim of debt,
early symptom of natural grief. But
small enrollment, an over-extended
the vast majority responded with
curriculum and no endowments. To
dignity and restraint. A few random
save the school, estimations of raising
acts of vandalism by students and
nearly $3,000,000 were determined
some untimely finger-pointing were
necessary. The majority of the board
the exceptions. Legal entanglements
of trustees thought the deficit was just
and multiple claims arose from area
too great to go on any further.
businesses, faculty, students and even
Couch admitted to the press, “The YC alumni visit the Yankton College office during an All-Class Reunion to President Couch sued (who charged
decision seems cruel from a human
the trustees did not tell him how bad
see the historic collection of college memorabilia.
point of view, but from a legal and
off the college really was when hired).
financial viewpoint, the trustees had no choice.” It was a very sad
By the following February, one-third of the faculty had found
day, indeed. Their yes vote put 118 faculty and other employees
employment and 90% of the students were transferred to other
out of work, lost $1.4 million in annual payroll in the Yankton
colleges (many opting for Yankton’s Mount Marty College). As a
community and forced 220 students to seek their education
special request, over forty displaced seniors returned in May to
elsewhere (particularly seniors who scrambled for a final semester
graduate from their alma mater on the YC campus for the 98th and
somewhere before they could enter the work force).
last commencement convocation ever to be held at Yankton
College recruiters from 28 schools arrived immediately hoping to College.
expand their own college enrollments and help students. The
Meanwhile, questions were raised about the unforeseen
South Dakota Board of Regents authorized state schools to accept
financial crisis and those involved tried addressing them the best
YC students with a minimum loss of credit hours. Scholarships were they could. One Christian viewpoint emphasized the remarkable
lost and financial packages were at risk causing problems of one
value of the “Yankton experience” and its positive impact in keeping
kind or another with the transfers. A flag on the soon-to-bethe Yankton College spirit alive even through future generations
deserted campus flew at half mast on Friday, December 21,
and that the years of fiscal giving from alums, friends, Yankton
demonstrating the traumatic period on the Hill.
residents and the UCC churches were “not considered a waste (and
An executive committee voted to file for reorganization under
apparently not enough) but a tribute of providing thousands of
Chapter 11 of the federal bankruptcy code. The campus buildings
students with 103-years worth of educational excellence.”
were padlocked, pipes drained and utilities shut off except at Ward
YANKTON COLLEGE
continued on page 20
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