Leon Botstein, who has led Bard College since 1975 and shaped it into one of the art world’s most influential liberal arts institutions, announced Friday that he will retire, after an independent report found he had not been “fully accurate” in his public accounts of his relationship with convicted sex offender Jeffrey Epstein, the New York Times reported.

The review, conducted by the law firm WilmerHale and commissioned by Bard’s board of trustees, was released Friday alongside Botstein’s announcement that he will step down as president on June 30.