SBC / Russell Harrison Photography

September 1, 2015; Washington Post

As NPQ readers will remember, Saving Sweet Briar is the nonprofit that was formed by stakeholders to help save the college when the former board voted in March to close it. But in June, after a number of court hearings, a settlement agreement was struck that resulted in the president and board resigning and a new board being installed.

As part of that agreement, Saving Sweet Briar, which had been fundraising for just such an occasion, was to put $12 million toward this year’s operation, with another $16 million to be taken from the endowm