[quote]A $250 million donation that would have been among the largest gifts to higher education in U.S. history has been withdrawn from a small Kentucky liberal arts college, officials said Monday. [/quote]
[url]http://finance.yahoo.com/news/apnewsbreak-250m-gift-ky-college-151513195.html[/url]
Shit, that has to suck.
I imagine someone frantically making phone calls to banks while rambling to himself "oh god I meant to give 25 I am not good with computers oh god oh god".
[quote]small Kentucky liberal arts college[/quote]
i can see why
[QUOTE=Simski;42133602]I imagine someone frantically making phone calls to banks while rambling to himself "oh god I meant to give 25 I am not good with computers oh god oh god".[/QUOTE]
"oh fuck oh fuck we are going to be poor"
I think I might have posted the new story that last year my university, FAU, wanted to put the logo of a private prison company on the front of our brand new 100M$ stadium or something. After almost the entire student body called the administration cunts, the president and a few people left and they didn't put it on the stadium.
In this case it sounds like this gift was supposed to be some kind of tax dodge for the trust, and it needed to be done in a certain way by a certain time. The college couldn't get it done that fast, so it's withdrawn. If it was really about helping people and/or the college, they would just give it to them.
[QUOTE=pfoot;42133617]i can see why[/QUOTE]
Centre college is actually pretty good though
[editline]9th September 2013[/editline]
[quote]The donation would have created a Centre College scholarship program next year. Annually, 40 students majoring in the natural and computational sciences and economics would have received the full-ride scholarships, the school had said.[/quote]
man I could've done this
[QUOTE=pfoot;42133617]i can see why[/QUOTE]
Liberal arts isn't what you think it means.
[QUOTE=Sobotnik;42134140]Liberal arts isn't what you think it means.[/QUOTE]
en.wikipedia.org/wiki/Liberal_arts_education‎
monkey_123 should be banned from money for life. First gold member now colleges? What does he think this is, monopoly?
It sounds like there was a timeline they had to follow for setting up the scholarship program before they would receive the gift and they failed to meet that timeline.
I bet the college spent every dime in credit they had available, and are now trying to figure out what the fuck they are going to do.
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