For Immediate Release

May 20, 2008

Contact:
Alison Cohen
617-618-2109
acohen@edc.org

EDC Elects William MacArthur to Board of Trustees

Developer focuses philanthropy in the Philippines, Madagascar, India, and Tibet

Boston, MA— William MacArthur, founder and President of the Florida-based Brooksville Development Corporation, which develops real estate in the United States and Southeast Asia, has been elected to the Board of Trustees of Education Development Center, Inc. (EDC). EDC, celebrating its 50th year, is a global nonprofit organization that advances solutions to some of the world’s most urgent challenges in education, health, and economic development.

MacArthur, who is active in social development programs and philanthropy in the Philippines, Madagascar, India, and Tibet, serves on several nonprofit boards including the board of directors of the African Medical and Research Foundation U.S.A. Before starting Brooksville in 1982, Mr. MacArthur established the Trans-Arabian Investment Bank in Bahrain and founded the New York-based investment company Transar Capital Corporation to handle investments from the Middle East in the U.S. His diverse background includes practicing law on Wall Street and in Tokyo and teaching in the Philippines.

“We are very pleased to have Bill on the EDC board,” said EDC President and CEO Luther Luedtke. “His focus on social development programs will advance EDC’s work in education and health around the world.”

MacArthur joins EDC trustees Charles Benton, Chairman, Public Media Incorporated; Beatriz Chu Clewell, Principal Research Associate, The Urban Institute; Larry Irving, President, Irving Information Group; Bradley Palmer, Managing Partner, Palm Ventures, LLC; Linda G. Roberts, national education consultant; Vivien Stewart, Vice President, Asia Society; Marvin Suomi, President and CEO, KUD International; Deborah Wadsworth, Senior Advisor, Public Agenda; Laura Walker, President and CEO, WNYC Radio; Luther Luedtke, President and CEO, EDC; and Gail T. P. Wickes.

Education Development Center, Inc. (EDC) is a non-profit organization that conducts and applies research to enhance the quality and accessibility of education, health, and economic opportunity worldwide. EDC manages more than 300 projects in 35 countries. Visit www.edc.org.