Friday, December 28, 2007

Historically Black College Struggles Financially - washingtonpost.com


Historically Black College Struggles Financially - washingtonpost.com: NASHVILLE, Dec. 27 -- Despite two years of trying, Fisk University has not been able to turn any of the valuable art donated by painter Georgia O'Keeffe into cash.

Although a legal fight over the latest $30 million proposal to share the 101-piece art collection with an Arkansas museum is scheduled for trial in February, leaders of the struggling historically black university acknowledge that it could be years before any money changes hands.

So the Nashville school that was founded in 1866 to educate former slaves has had to look elsewhere to keep its doors open -- a difficult task in a community that has been asked to come to the school's financial rescue several times before.