Education
Morris Brown College on the brink of foreclosure
Morris Brown College, a historically black college established in 1881 by the African Methodist Episcopal Church, is facing foreclosure.
Morris Brown, a historically black college established in 1881 by the African Methodist Episcopal Church, is facing foreclosure.
“This is heartbreaking and not only a sad day in the life of Morris Brown, but in black academia,” said former Atlanta City Councilman Derrick Boazman, a 1990 graduate of Morris Brown. “The school is needed now more than ever.”
Morris Brown foreclosure
Due to extreme financial mis-management in 2002, Morris Brown lost its accreditation and federal funding, and has faced a long battle with debt.
The college which had more than 2,500 students at one point, trickled down to a few dozens students, and reportedly now 50 students.
According to the [A.M.E. Church], a creditor of the historically black college, a corporation which holds $13 million in college bonds secured by its downtown Atlanta property, has called the loans and the college is unable to pay.
In a statement, Preston W. Williams II, chairman of the board of trustees of Morris Brown, said he will announce the school’s formal response on Saturday, Aug. 25, at 1 p.m. at an event on the school’s campus.
Earlier this year, Atlanta Business Chronicle reported that plans to develop a Truett Cathy Legacy Project on the campus of Morris Brown had fallen through. The project would have utilized portions of the college’s campus.
If you would like to donate to the college, or find out others ways that you can make a difference, click here.
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