Saint Augustine’s College, the oldest historically Black Episcopal college, has taken major steps to stabilize its precarious financial situation. In recent weeks, it announced a $70 million deal to lease some of its property to a sports stadium firm and a halving of its workforce, which will reduce annual operating costs by $17 million.
Saint Augustine's University, the older of two historically Black Episcopal colleges, "is utterly cash-strapped because of poor financial guidelines and checks and balances," according...
Saint Augustine’s University, the Episcopal Church’s oldest historically black university, will remain open and return to good standing with accreditors.
