SWEET BRIAR, Va. (AP) _ The initial pieces of a rescue plan for Sweet Briar College are falling into place.
Saving Sweet Briar Inc. says it has collected more than $2.5 million in alumnae donations and it’s well on its way to reaching another funding deadline on Aug. 2.
The nonprofit is expected to deliver $12 million by early September to keep the women’s college open at least through the 2015-16 academic year.
Thursday, a meeting of the school’s new board of directors is scheduled and Harrisonburg attorney Phillip Stone is expected to be appointed president.
In May, Sweet Briar’s leaders said they would close the college in late August because of what they called insurmountable challenges.
But the local county attorney and former students reversed that decision.