I go to Fisk University here in downtown Nashville and this has been a big deal since it was announced yesterday afternoon in our chapel meeting.
Fisk raises $1 million, disbands athletics program
Fisk University announced today that it has raised more than $1 million and is disbanding its athletic program as the school attempts to rebuild its endowment.
The school has raised $1,032,283 toward a matching grant from the New-York based Andrew W. Mellon Foundation, which has pledged up to $2 million dollars if the school can raise $4 million by June 30.
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The school also announced it was disbanding its NCAA-sanctioned athletics program as part of the first phase of cost-cutting moves. The school will instead have intramural and club sports.
Fisk expects to save $500,000 in the move, which also includes placing the Race Relations Institute under the school’s Center for the Study of Culture, Ideology, and Civic Engagement.
“We are extremely pleased with our fundraising progress”, Fisk President Hazel R. O’Leary said in the release. “Our fundraising effort, in conjunction with a serious organizational self-assessment, will yield positive results for years to come.
“This overdue realignment process is focused on creating a smaller footprint with a taller steeple.”
The athletics program includes men’s and women’s basketball, men’s and women’s tennis, baseball, softball and men’s soccer, according to the school’s Web site.
The school completed testimony in a trial in Davidson County Chancery Court on Wednesday to determine if the school can keep its Alfred Stieglitz art collection. The school had been trying to sell a 50 percent share in the collection to a Wal-Mart heiress’ museum for $30 million until the court struck that option down.
Source: http://tennessean.com/apps/pbcs.dll/...EWS04/80221078
Fisk raises $1 million, disbands athletics program
Fisk University announced today that it has raised more than $1 million and is disbanding its athletic program as the school attempts to rebuild its endowment.
The school has raised $1,032,283 toward a matching grant from the New-York based Andrew W. Mellon Foundation, which has pledged up to $2 million dollars if the school can raise $4 million by June 30.
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The school also announced it was disbanding its NCAA-sanctioned athletics program as part of the first phase of cost-cutting moves. The school will instead have intramural and club sports.
Fisk expects to save $500,000 in the move, which also includes placing the Race Relations Institute under the school’s Center for the Study of Culture, Ideology, and Civic Engagement.
“We are extremely pleased with our fundraising progress”, Fisk President Hazel R. O’Leary said in the release. “Our fundraising effort, in conjunction with a serious organizational self-assessment, will yield positive results for years to come.
“This overdue realignment process is focused on creating a smaller footprint with a taller steeple.”
The athletics program includes men’s and women’s basketball, men’s and women’s tennis, baseball, softball and men’s soccer, according to the school’s Web site.
The school completed testimony in a trial in Davidson County Chancery Court on Wednesday to determine if the school can keep its Alfred Stieglitz art collection. The school had been trying to sell a 50 percent share in the collection to a Wal-Mart heiress’ museum for $30 million until the court struck that option down.
Source: http://tennessean.com/apps/pbcs.dll/...EWS04/80221078
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