SAVING SWEET BRIAR INCPub 78
Pub 78
Programs
Sweet Briar College Settlement Support
THE ORGANIZATION'S MISSION WAS SUCCESSFUL WHEN ON JUNE 23, 2015, A SETTLEMENT WAS ENTERED BY COURT ORDER THAT USHERED IN NEW LEADERSHIP OF SWEET BRIAR COLLEGE AND PROVIDED THE NECESSARY FUNDING TO ENSURE THAT THE COLLEGE WOULD REMAIN OPEN UNDER THE TERMS OF THE SETTLEMENT AGREEMENT. IN 2015, A TOTAL OF $12,250,000 IN CASH WAS DELIVERED BY THE ORGANIZATION TO THE COLLEGE. AS PART OF THE SETTLEMENT AGREEMENT, THE ORGANIZATION AGREED TO DELIVER BY SEPTEMBER 2, 2015, $12 MILLION IN DONATIONS FOR THE ONGOING OPERATION OF THE COLLEGE. THE ORGANIZATION DELIVERED BY SEPTEMBER 2, 2015, $12.143 MILLION IN QUALIFIED DONATIONS AS DEFINED UNDER THE SETTLEMENT AGREEMENT, WHICH INCLUDED SOME $143,000 IN CONTRIBUTIONS DELIVERED DIRECTLY TO THE COLLEGE DURING THE RELEVANT PERIOD. THEREAFTER, THE ORGANIZATION DELIVERED AN ADDITIONAL $250,000 TO THE COLLEGE PRIOR TO YEAR'S END. THE ORGANIZATION DID NOT ENGAGE IN ANY FUNDRAISING IN 2016 AND HAS CEASED OPERATIONS. ALL REMAINING FUNDS WILL BE DELIVERED TO THE COLLEGE IN 2016 AFTER TAX FILINGS ARE COMPLETE.GeographiesNot indicatedDatesJan 1, 2015 – Dec 31, 2015Source990No causes providedNo populations provided–$14.2M
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