Overview
Michael Peregrine wrote this bylined article about a reprieve granted to a women’s college whose board had decided to close it for financial reasons. Mr. Peregrine noted that the controversy “offers valuable lessons about preparations charity boards can take if and when their turn comes to make the tough call” on issues related to financial problems, such as “whether the institution’s leaders did enough to prevent money problems; the impact of closure on the charity’s constituents; and the resolution of unspent charitable gifts and endowments.” Read the full article
