From Virginia-Saint Paul's College, the historically black school in Lawrenceville that is in a financial battle for survival, is getting a boost from the leadership of the Episcopal Church in the U.S.
Saint Paul's, a private liberal arts school affiliated with the church, is $1.2 million shy in its campaign to raise $5 million by May 17 — before its accreditation comes up for final review in June by the Southern Association of Colleges and Schools Commission on Colleges.
The Most Rev. Katharine Jefferts Schori, presiding bishop of the Episcopal Church of the United States, has issued an open letter to Episcopalians, urging them to help Saint Paul's in its time of need.
In another development, Charles M. Royce, a Wall Street investor with ties to the Episcopal Church, and his wife, Deborah, have issued a $250,000 challenge grant, pledging $1 for every $2 in unrestricted grants raised until the May 17 deadline. Under terms of the grant, the first $500,000 raised would become $750,000 toward the school's goal.
"As Episcopalians, we share a deep, spiritual commitment to support educational institutions and strengthen communities," said Royce, president and co-chief investment officer of Royce & Associates LLC and president of The Royce Funds.
More here-
http://www2.timesdispatch.com/news/state-news/2012/may/08/tdmet01-head-of-episcopal-church-urges-help-for-va-ar-1898215/
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