10/17/2025
Although the two university presidents described the strengths of both institutions and spoke warmly of a collegial partnership, it’s clear that the Elon side of the merger will be in charge.
Book told reporters that Elon’s 37-member board will expand to add 10 members from the Queens side. That means that Elon will control nearly 80 percent of the merged entity’s board seats.
Like most universities, Elon and Queens are organized as nonprofits. When nonprofits combine, there is no financial transaction; they just merge the boards and the assets.
The deal will provide Queens with stable financial backing and Elon with improved access to Charlotte’s growing business opportunities.