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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.

Marc Richardson (Editor) August 23, 2012 at 03:10 PM
What will happen to Morris Brown? Who will buy the property if it is sold?
Nia Knowles August 23, 2012 at 03:40 PM
This is heart breaking! Where are our ATL Afro American movers and shakers? Certainly they can see the value and possibly work out a short sale with the bank to keep this property. Unless they are all waiting until it forecloses to get it at a better price...
Mark August 23, 2012 at 07:37 PM
Looks like Georgia State will get a "west" campus with a football/soccer field thrown in as well...
cheryl brown August 23, 2012 at 09:27 PM
Lord help save Morris Brown 130yrs of legacy. Come on Black Alums please support History!
Fisher August 24, 2012 at 12:51 AM
How many times is Morris Brown going to be bailed out before people realize it's just too far gone. If you're an 18-year-old high school graduate considering a high-dollar private school, why would you choose one with such a bad reputation? Kids want to be winners and attend schools that give degrees with respect and prestige. Unfortunately, those two words have not been associated with Morris Brown for many, many years. The worst part is that it demise is self-inflicted, caused by corruption and waste over several decades. They should cast aside their pride and sell off some of their prime real estate to get out of debt. Otherwise, they should just erect a nice monument to what it once was and close up. Yes, it's a sad day that an institution founded against all odds was ruined by the folks it was meant to help, but no one should throw more good money after this failing institution.
A. Favorite August 24, 2012 at 09:01 PM
Shame on the Board Chair at Clark Atlanta. If MBC goes under let's boycott Branco Automotives.
wisdom August 25, 2012 at 07:48 PM
my people my people
wisdom August 25, 2012 at 07:49 PM
They are all moving right pass Morris Brown and shaking and waiting for others to help,look like we have no movers and shakers.
dan crabtree August 25, 2012 at 08:55 PM
sadly corruption and personal greed ruins yet another once prominate historical school
dickn2000 August 25, 2012 at 09:10 PM
Let's look at some facts: In 2002 Morris Brown lost its accreditation and federal funding due to a financial mismanagement scandal during the 1998–2002 tenure of Dolores Cross as school president. The United Negro College Fund also terminated its support for the college. The only degrees offered are: Morris Brown currently offers baccalaureate degrees in Management, Entrepreneurship and Technology (for traditional students) and Organizational Management and Leadership. Where does one find jobs that pay any substantial salaries for those esoteric degrees? Current enrollment at Morris Brown is now only about 50 students. The Morris Brown administration got itself into a pickle 10 years ago and has not been able to climb out of the hole they dug for themselves. And nothing lasts forever.
William Popp August 25, 2012 at 09:15 PM
where is Opra when she is needed to help an American school to survive.
Mike Schmitz August 25, 2012 at 09:21 PM
The white man did it.
Felix August 25, 2012 at 09:34 PM
This is truly sad. But is someone donating more money the same as putting good money after bad. I would love to see something happen in the schools favor, but is it only good until the next payment is due ? Does the school need to change the admin. to survive. There has to be some type of change, it looks like, then maybe I'm wrong ! By the way I am white, what does color have to do with it. Why is it always color ( the white man ) ?
Denise Eishstaedt August 25, 2012 at 10:03 PM
I agree, I too am white, but what do you do? How can a school survive with only 50 students? Yeah, maybe Oprah and help but where are the students?
Barbara August 25, 2012 at 10:24 PM
Oprah started her school where she did because she could start from scratch. MB is carrying an albatross around its neck with its reputation of mismanagement and always being on the "edge" of going out of business, as evidenced by the lack of students. It too needs a new start. Its only chance is to start over under new management, perhaps new ownership with a vision that will take MB into a future with wider curriculum, etc. I hope they at least keep the name and history alive, but it can't make a comeback unless allowed to start over under new ownership that has the capital to pour into it to make it great once again. Let's just hope it is sold for a college and not apartments, a sad ending for any college. Perhaps a group could get together with capital to buy it and a vision start it over; there are more problems there than the foreclosure.
jeffrey price August 25, 2012 at 11:11 PM
i doesn't knows who amgonna buys it, cause its an old cabin. my uncle t. used to live theres. :)
Marc Richardson (Editor) August 25, 2012 at 11:24 PM
The video from today's event where Morris Brown explains their plans to avoid foreclosure is on the Home Page. Also here: http://patch.com/A-xpHq Their plan may just work.
Peter Guzinya August 26, 2012 at 12:34 AM
yessem, sho be a baaaad day fo sho ! Kizzy n' da sistas need to swag dem brooms en be gettin' reddy fo da auckshion man...
phyllis August 26, 2012 at 01:33 AM
where's Oprah when you need her---CALLING OPRAH--can you help us out
Robert Pearson August 26, 2012 at 03:01 AM
The Obama will find the $$ in The Obama Stash.. that's what it is for.. !!!
deborah greenberg August 26, 2012 at 05:55 AM
WE CANNOT AFFORD A COLLEGE TO GO UNDER , A LOT OF COLLEGES ARE SO EXPENSIVE KIDS CANNOT AFORD THEM. OBAMA AND OPRAH AND OTHERS SHOULD TAKE OVER SO KIDS CAN HAVE A CHANCE TO GET AN EDUCATION.
sigvard e. jensen August 26, 2012 at 09:09 AM
aman
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.

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