Fundraising

Limestone University’s board was set to decide whether to close or go online Tuesday. Instead the university announced a possible financial lifeline was in the works.

The Broward College Board of Trustees granted itself more power over the institution’s foundation board earlier this year. Now trustees are wielding it. The trustees revamped the foundation's board and argue the organization is in need of greater financial oversight.

A decade ago, administrators tried to shutter the small women’s college in Virginia, but devoted alumnae fought back and prevailed. Thanks to them, it’s still standing. 

One-year returns averaged more than 11 percent for fiscal 2024. But the future remains murky for the higher ed sector, which faces funding cuts and a potential endowment tax.