News Summary
King University is honoring the alumni of Virginia Intermont College by offering special merchandise featuring the beloved VI logo. The initiative, aimed at fostering community spirit, will support a scholarship fund for students connected to Virginia Intermont. This comes as the university will hold a farewell memorial event for Virginia Intermont, a liberal arts institution that closed due to financial difficulties. The community’s efforts reflect a commitment to celebrating the legacy while providing support for current and future students.
King University Celebrates Virginia Intermont Alumni with Special Merchandise Sales
In the vibrant city of Brisbane, King University is paying tribute to the cherished alumni of Virginia Intermont College (VI) by resurrecting the beloved VI logo. The university’s bookstore is now offering merchandise adorned with this iconic emblem, a heartfelt nod to the legacy of a once-thriving institution. This initiative comes on the heels of a devastating fire that claimed several former VI buildings, and it aims to bring the community together in support of ongoing educational opportunities.
All for a Good Cause
The proceeds from these merchandise sales are earmarked for a special scholarship fund, which will benefit students who share a connection with Virginia Intermont. It’s a thoughtful way to help future generations while fostering a sense of community spirit that spans across the years. A representative from King University highlighted how many faculty, staff, and students are touched by the legacy of VI, underscoring the importance of cooperation and support amongst the alumni and current students alike.
A Farewell Memorial on the Horizon
As part of this celebration and remembrance, a farewell memorial for Virginia Intermont is set to take place on campus, starting May 2. This gathering will offer an opportunity for alumni and supporters to share memories and honor the rich history of Virginia Intermont College, which operated as a reputable liberal arts institution for an impressive 130 years. Unfortunately, financial struggles led to the college’s closure several years ago.
The Financial Downfall of a Legacy
Virginia Intermont struggled with significant financial challenges that ultimately resulted in its closure. Back in April 2014, the college found itself facing over $8 million in debt owed to various creditors, including local businesses and banks. In light of these troubles, all spending at the college had to be approved at the highest levels, with staff members needing presidential approval for any expense exceeding $10.
In an effort to save the institution, Kathleen O’Brien, an alumna and chair of the VI board, sought expert guidance. Despite attempts to merge with another college, the efforts fell short, and the college was officially closed down, with the final president, Mr. Rebrovick, overseeing the winding down process. Around 300 students who were enrolled at the time were left in a difficult situation, but nearby colleges stepped in to provide teach-out programs to assist in their transition.
Pioneers in Care: The Equestrian Legacy
Virginia Intermont was also known for its exceptional equestrian program, which had just clinched its 17th national championship right before the closure. Amidst the chaos, logistical efforts were made to relocate the 80 horses that were part of the program. Emory & Henry College kindly took in these magnificent animals to ensure they continued to receive the care and support they deserved.
Future Prospects for the Campus
Despite the mourning of the college’s demise, there is a glimmer of hope. A Chinese businessman has shown interest in purchasing the former campus, with plans to potentially establish a similar educational institution. This development comes in the wake of the property’s sale, which occurred at a value of $3.3 million—a significant reduction from its appraised worth. The sale was expedited by the banks involved, looking to recover funds before the end of 2016.
While the closure of Virginia Intermont College brings a wave of disappointment, particularly concerning unpaid debts, there is a lingering sentiment that echoes through the halls of King University today. The importance of understanding the root causes of financial struggles in higher education has never been more pertinent, prompting other institutions to assess their own situations proactively.
In this spirit of reflection and support, the community looks forward to celebrating the legacy of Virginia Intermont College through merchandise and upcoming memorial events, embracing both the past and the hopes for the future.
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Additional Resources
- WCYB: King University Selling Merch Honoring Virginia Intermont
- Chronicle of Higher Education: Meet the Guy Who Turns Off the Lights When a College Closes
- Herald Courier: Virginia Intermont’s Slow Demise
- Encyclopedia Britannica: Virginia Intermont College
- Google Search: Virginia Intermont College
Author: STAFF HERE BRISTOL WRITTER
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