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College and University Discussion
Reply to "Sweet Briar College - closing!"
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[quote=Anonymous]The Forbes story/grading was extremely superficial fluff. SBC had/has an endowment of over $80M. But SBC also carries material debt. And SBC's remaining endowment cash is largely purpose-restricted -- SBC had not gone to court when it needed to (08 or 09) to secure a "cy press" order to use restricted funds for general purposes. The remaining unrestricted SBC investible endowment wouldn't provide much of an operating subsidy. For something like 600 students, they recently had roughly 300+ employees, which seems unnecessary. [/quote]
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