Endowments

FILE - In this Nov. 16, 2016 file photo, Liberty University President Jerry Falwell Jr., pauses during an interview in his office at the school in Lynchburg, Va. On Tuesday, Aug. 25, 2020, Falwell said that he has submitted his resignation as head of evangelical Liberty University. (AP Photo/Steve Helber, File)
August 31, 2020 - 6:29 pm
RICHMOND, Va. (AP) — Liberty University is opening an independent investigation into Jerry Falwell Jr.'s tenure as president, a wide-ranging inquiry that will include financial, real estate and legal matters, the evangelical school's board announced Monday. In a statement, the board said it had...
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FILE - In this Wednesday, Nov. 1, 2017 file photo, Liberty University President Jerry Falwell Jr. speaks at convocation at Liberty University in Lynchburg, Va. On Aug. 7, 2020, Falwell stepped down, at least temporarily, from his role as the president of the school. (Jay Westcott/The News & Advance via AP)
August 14, 2020 - 1:33 pm
RICHMOND, Va. (AP) — Jerry Falwell Jr. has been toppled, at least temporarily, from the presidency of evangelical Liberty University, but whether he will break permanently with the Christian institution that is synonymous with his family name is another matter. Falwell apologized after posting a...
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FILE - In this June 30, 2020 file photo, Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Federal Reserve has opened one of its lending programs to nonprofit groups, including hospitals, educational institutions, and social service organizations. The Fed said Friday, July 17, that its Main Street Lending Program, which is targeted to mid-sized businesses, will now extend credit to nonprofits with at least 10 employees and endowments of less than $3 billion. (Tasos Katopodis/Pool via AP, File)
July 17, 2020 - 12:08 pm
WASHINGTON (AP) — The Federal Reserve has opened one of its lending programs to nonprofit groups, including hospitals, educational institutions, and social service organizations. The Fed said Friday that its Main Street Lending Program, which is targeted to mid-sized businesses and can lend up to $...
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FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak. (Kevin Dietsch/Pool via AP, File)
July 06, 2020 - 5:58 pm
NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ The financial services industry received roughly $27...
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FILE - In this July 21, 2016, file photo, Jerry Falwell Jr., president of Liberty University, speaks during the final day of the Republican National Convention in Cleveland. Falwell has apologized after posting a tweet on May 27, 2020, aimed at Virginia Gov. Ralph Northam's coronavirus mask mandate, that included a picture of a mask bearing a photo of a person in blackface and another in a Ku Klux Klan costume. That photo appeared on Northam's medical school yearbook page and, when made public in 2019, sparked a furor that nearly forced him from office. (AP Photo/Carolyn Kaster, File)
June 24, 2020 - 11:19 am
RICHMOND, Va. (AP) — As the nation wrestles with how to do more for racial equality, Liberty University — a school whose leadership has said it doesn't have a problem — is facing its own tough questions. Jerry Falwell Jr., who leads the prominent evangelical Christian university, apologized this...
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May 19, 2020 - 6:10 pm
GREENVILLE, S.C. (AP) — A university in South Carolina announced that it is shutting down the men's varsity lacrosse team and the varsity baseball team in response to financial hardships caused by the cornavirus pandemic. Furman University in Greenville announced the sports cuts Monday along with...
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In this Tuesday, May 5, 2020, photo, Morehouse College senior Lanarion "LTL" Norwood Jr., of Atlanta, works on his computer in a hotel room in Atlanta. Students were sent home from the college amid the new coronavirus outbreak. Norwood learned the campus was shutting down and he was worried about going home to finish his senior year in a neighborhood he describes as "gang-ridden, drug-ridden, all over violence-ridden." Morehouse stepped up with a plan, working to house about 20 students. (AP Photo/Brynn Anderson)
May 15, 2020 - 5:04 pm
NASHVILLE, Tenn. (AP) — Ja’nayla Johnson worked hard in high school with the dream of being the first in her family to graduate from college, but she started to doubt herself as several colleges rejected her. Then Bennett, a small historically black women’s college in North Carolina, saw Johnson’s...
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FILE - In this Aug. 13, 2019, file photo, students walk past the statue of John Harvard in Harvard Yard at Harvard University in Cambridge, Mass. U.S. Education Secretary Betsy DeVos on Wednesday, April 22, 2020, urged the nation's richest colleges, including Harvard, to reject federal funding that was allotted to them in the government's multi-trillion dollar coronavirus rescue package. (AP Photo/Charles Krupa, File)
April 22, 2020 - 10:25 pm
CAMBRIDGE, Mass. (AP) — Harvard University announced Wednesday it will turn down $8.7 million in federal coronavirus relief, a day after President Donald Trump excoriated the wealthy Ivy League school over taxpayer money it stood to receive. Similar action was taken at Stanford, Princeton and Yale...
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A normally student filled campus square at Millsaps College in Jackson, Miss., is deserted in face of the coronavirus, as the liberal arts school, like many others, faces financial and enrollment challenges Friday, April 3, 2020. At present, the school has switched to on-line teaching. Colleges across the nation are scrambling to close deep budget holes and some have been pushed to the brink of collapse after the coronavirus outbreak triggered a series of financial losses (AP Photo/Rogelio V. Solis)
April 07, 2020 - 12:02 pm
Colleges across the nation are scrambling to close deep budget holes and some have been pushed to the brink of collapse after the coronavirus outbreak triggered financial losses that could total more than $100 million at some institutions. Scores of colleges say they’re taking heavy hits as they...
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March 23, 2020 - 4:54 pm
NEW YORK (AP) — The New York Philharmonic canceled the rest of its season and a 10-concert European tour due to the new coronavirus, estimating it will have $10 million in operating losses to its $87 million annual budget because of the pandemic. The Philharmonic said the salaries of 106-unionized...
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