.

Morris Brown Paid a Number of Debts, Yet Still Given a September Foreclosure Notice

Morris Brown College has its back against the wall and will formally respond at a Saturday Prayer event.

Video from Morris Brown College's response to the pending foreclosure and how they plan to avoid it, Aug. 25th

The Historical Black College of over 130 years, Morris Brown College, has battled through financial problems the past 10 years but now has been given an impending Foreclosure Notice.

Reports have surfaced stating that one of the school's creditors is calling their $13 million loan due, and that the college can not pay it. This has forced a possible foreclosure on the property owned by the school, with a sale date quickly approaching of September 4th, according to Atlanta Business Chronicle.

If you recall, it was just a year ago that Cascade Patch reported that Cascade UMC donated the school $22,000 to help satisfy the school's $500K debt to the U.S. Department of Education.  Dr. Pritchett of Morris Brown College confirmed at the time that, "[The check] helps us to insure that the future is stable for Morris Brown Colored College and all of our HBCU institutions."

That was just August of 2011, and along with the $22,000 from Cascade UMC the school was able to raise and payback roughly $480K by asking alumni, sponsoring events, bake sales, etc.

Was it all for naught?  What will be the future of one of the most historical colleges in America?

On Saturday, August 25 at 1 p.m., Dr. Preston W. Williams II, Chairman of the Board of Trustees of Morris Brown College, will announce the College’s formal response to the Notice of Foreclosure which has resulted in the impending sale of the property of Morris Brown College.

The response of the Morris Brown College Board of Trustees to the Notice of Foreclosure and impending property sale will be delivered during Morris Brown College’s National Day of Prayer this Saturday, August 25, at 1 p.m.

Supporters of Morris Brown College will gather at the John H. Lewis Health & Physical Education Complex on Morris Brown’s campus located at 643 Martin Luther King Jr. Drive in Atlanta, GA 30314.

Andrew Hurst August 26, 2012 at 11:06 AM
As a middle aged man, father, husband and recent college graduate, I know how important a proper education is. I also know how unyeilding banks can be in their persuit of money. They care not for anyone or anything unless it comes in the form of currency. No college with such a rich history should be faced with such a dilemma; but this is the world we live in. Dog eat dog.....only the rich survive....you know the story. 13 million dollars is a large sum of money indeed but it is not undoable at all. It is a great idea to call upon the help of African American philanthropists such as Oprah Winfrey. Also, to clarify my meaning, if I may, It is not that this is a black college, but it is because it is a college where precious higher education can be attained. This needs to be dealt with by people who can effect the resolution to its ends. If anyone can help, this is the time to come forward and leave your mark in history for a cause that is of grave importance to the futures of so many.
Fisher August 27, 2012 at 10:10 AM
Really? You've gotta be joking.
Tomathy August 28, 2012 at 06:25 PM
You spelled "pursuit" wrong.
Delores "Dee" Turner August 29, 2012 at 03:22 PM
Thanks Barbara....your comments are the best on here in my humble opinion.
Delores "Dee" Turner August 29, 2012 at 03:24 PM
Nice comment.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »