Up Close, Future Ready. Official page for Randolph-Macon College, located in historic Ashland, Va. and founded in 1830. Up Close, Future Ready. Founded in 1830, and located in Ashland, Virginia. Randolph-Macon is an undergraduate, coeducational college of the liberal arts. The purpose of a Randolph-Macon education is to develop the mind and the character of its students. They are challenged to communicate effectively, to think analytically and critically, to experience and appreciate the creative process, to develop qualities of leadership, and to synthesize what they know with who they are. At Randolph-Macon College the liberal arts constitute a comprehensive educational opportunity.