College of Marin Foundation officials, facing allegations of misused scholarship funds, have resigned en masse, leaving college officials to clear up lingering financial and legal questions.
In a letter Monday to college President David Wain Coon, the foundation's nine regular board members said they would step down, leaving Coon and Diana Conti, president of the separate college board, to oversee the foundation.
The foundation and college have been embroiled in a financial dispute since allegations of misused funds surfaced this spring. In June, the foundation agreed to commission an independent financial investigation and the college said it would conduct its own audit.
In their letter Monday, the foundation board members said they would step down because of difficulties working with college trustees during the investigation.
"Continuing to expend the Foundation's funds without the potential of a good faith partner would be a futile exercise that further depletes funds that are better spent and preserved for the benefit of the College's students," the letter states.
This story will be updated.