Tag: Birmingham-Southern College
It’s not about Birmingham-Southern College; it’s about the residents of Birmingham.
That’s what Birmingham City Council President Wardine Alexander said Tuesday in her dissent from passage of a resolution pledging city dollars to support BSC, a private college, if the institution is able to obtain additional funding from the state. Read more.
The board of trustees of Birmingham-Southern College voted unanimously Wednesday evening to keep the college open. Late last year, college officials reported that the private liberal arts college could close as early as this spring due to old accounting errors, a drained endowment and years of financial stress. The college has asked government officials for bridge funding, with limited success. Its $200 million fundraising campaign so far has raised nearly $46 million from private donors. Read more.
The Birmingham City Council needs more questions answered before it will officially lend its support to the financially struggling Birmingham-Southern College.
A “resolution of intent” on the agenda for Tuesday’s council meeting would have seen the city promise to provide financial support to BSC — if the college could also secure binding funding commitments from the state of Alabama and the Jefferson County Commission.
But some councilors were reluctant to make that commitment without further discussions with college administrators first.
BSC President Daniel Coleman has said the board of trustees must decide the college’s future by the end of March to give students time to decide where to transfer and help faculty and staff make plans for their future. Read more.
Birmingham-Southern College President Daniel B. Coleman acknowledged “disappointment” that the Alabama Legislature opted not to spend some of the state’s $1 billion-plus allocation from the American Rescue Plan Act to keep the financially troubled liberal arts college open.
BSC officials had hoped the Legislature would tap ARPA funds to throw a lifeline to the school, which revealed late last year that the campus could close as early as this year due to years of financial stress coming to a head. The private college is now asking for $37.5 million in public money — $30 million from the state and $7.5 million from the local government — to keep its doors open. Read more.
Jimmie Stephens said Tuesday that it is very difficult to give public dollars to a private institution.
The Jefferson County Commission president was asked by media after Tuesday’s committee meeting whether there was any update on Jefferson County possibly allotting funds to help Birmingham-Southern College, the private liberal arts college in Birmingham’s Bush Hills Neighborhood.
“Our position hasn’t changed,” he said. “The county has not considered that and I don’t know that they have any plans to.
“I can say at this time, based on our past pattern and practices, that it is very difficult to give public dollars to a private institution,” Stephens said. “If that were to happen, it would be something that we’ve never done before.” Read more.
Birmingham-Southern College, a private institution, is asking the state to help bail it out after financial troubles. School President Daniel Coleman shared with WBHM what he sees as the path ahead for the college. Read more.
Students, alumni and faculty of Birmingham-Southern College are nervous after school officials revealed the campus could close as early as next year. The private college is now asking for $37 million in public money, most of it from the state, to keep the doors open. Read more.