Hello, I am the wallet inspector. We have reason to believe that your wallet contains an inappropriate amount of cards. You must send me your wallet with all of its contents or you will go to jail.
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That made me actually laugh out loud.
St Trumpenstine, the patron saint of citrus farmers…
I guess technically ending its focus on black students could increase enrollment, but that seems like an odd way to keep the “brand” afloat and its history alive.
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You know your business is in trouble when you’re asking help from someone who bankrupted a casino 3 times.
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Don’t forget the failed ‘University’.
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im not a trump fan per se…has he been succesful in other ventures?
Manipulating morons……
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Not to pile on or be a jerk, but I legitimately have no idea what the hell you’re talking about. Are you lost, sir?
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Let’s just move on. 
Not directly related to Shaw, but just across the street:
Agreed! And St. Aug’s is having a lot of problems these days, too.
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And the saga continues
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What a genius idea - take out more loans to pay off loans you took to pay off loans and bills you couldn’t pay for in the first place.
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… in the business community this is referred to as a “refinancing”
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to be fair the Gothic deal was predatory, so hopefully the the interest on this is much fairer and possibly even workable for them (still doubt).
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Maybe this is a stupid question but, why isn’t the Episcopal Church managing the financial health of the university? Aren’t they affiliated with the church?
Like most religious schools these days, I believe they are disassociated from the church. I’ve thought that myself, that even in disassociation, does the church not have an interest in helping SAU survive? But again, I think SAU is in a doom loop and only a true miracle can save them.
Having served on a church board for 6 years… churches everywhere are hurting financially both at the local and provincial/regional levels. Congregations are shrinking and finances are running thin. Difficult decisions are becoming more and more frequent.
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No need to throw good money after bad. But also the trouble SAU is in is like $30+ million. The loans they are getting are just covering their current day-to-day obligations and to keep creditors from taking their land. I don’t know much about Episcopal Diocese, but I am sure they are closing churches and schools etc. so they probably don’t have the funds to make any difference.
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The Episcopal Church started St Aug’s, and the bishop of the diocese still sits on the Board of Trustees. The national church HQ in New York provides funding to St Aug’s. But the Episcopal Church has no role in day-to-day operations, nor does it own the property aside from possibly some rights to the historic chapel there. That said, the Episcopal Church has strong emotional ties to St Aug’s for many reasons – among them, that St Aug’s has been a key formation point for ordained ministry among black Americans.
The national church and the Diocese have assets, obviously, but not the kind of money needed to bail out St Aug’s.
Church closures in NC across all denominations are mainly in areas where demographics are unfavorable or rapidly changing. This is typically small towns that are aging or depopulating, but it does happen in cities.
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