"The Second Mile has made a positive difference in many peoples' lives, and we are very pleased that Arrow will continue this good work," said interim CEO David Woodle. "Arrow's mission is consistent with the goals and objectives of The Second Mile's programs. While we are sad that The Second Mile will not continue running programs, we are heartened that the important work of helping children – and their families – reach their full potential will go on."
"As we undertake this next step, as always, our primary concern is with the children we serve and all those affected by these events," Woodle said.
Under this proposal, approximately $2 million in current cash assets will be transferred to Houston-based Arrow to fund programs in Pennsylvania for about one and half to two years, Woodle said. Additionally, an on-going program Endowment and some program related non-cash assets will be transferred. On May 25, attorneys for The Second Mile submitted a petition in the Court of Common Pleas of Centre County, Orphans' Court Division, outlining the proposed transfer of programs and dissolution of The Second Mile. Court approval could take several months.
After this transfer of assets and programs, The Second Mile will continue as a legal entity and will continue to cooperate fully with any investigations. In addition, The Second Mile is now in the process of selling property. After that sale is completed, The Second Mile will prepare a Petition to the Court proposing a final disposition of the remaining assets, Woodle said.
While this process to sell the assets continues, the programs run by The Second Mile are continuing as planned, including the summer Challenge Camps and Foster family support programs. This spring, a successful Leadership Institute and Friend programs were sponsored, which supported hundreds of children in the area with key skills-building activities.
Arrow operates in Pennsylvania, Maryland, Texas, California and Honduras. Since its formation in 1992, Arrow has served approximately 40,000 children and families.
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