Category Archive for: Official Statements

Saving Sweet Briar Statement Regarding County Attorney Case Against Sweet Briar

by vixenSBC

statement-re-ag

In response to the Amicus Brief filed by the Attorney General, Saving Sweet Briar, Inc. has issued the following statement: “We continue to stand behind the county attorney and her analysis – we believe this case should be resolved in court in an open process.” Read the Plantiffs Objection to Defendants Motion to Continue Hearing…



Saving Sweet Briar Group Says Commonwealth Has Winning Legal Argument in Battle to Save College

by vixenSBC

legal-optimism

Richmond, VA – Saving Sweet Briar, Inc., the non-profit group formed to save Sweet Briar College, expressed confidence today that Amherst County Attorney Ellen Bowyer, acting on behalf of the Commonwealth, has the winning legal argument in her fight to block the closure of Sweet Briar College. Bowyer filed a legal brief yesterday in support…



Preliminary Analysis of Financial Condition of Sweet Briar Institute: Sweet Briar College’s Financial Condition Did Not Warrant Closure

by vixenSBC

financial-image

R. Steven Spitzer, CPA, CFE April 6, 2015 Preliminary Analysis of Financial Condition of Sweet Briar Institute Sweet Briar College’s Financial Condition Did Not Warrant Closure An initial review of Sweet Briar College’s finances shows that the College was not in dire financial straits just eight months before the College’s Board and Interim President announced…



Saving Sweet Briar Forensic Accountant Releases Interim Report As of August 2014, Sweet Briar College Financial Records Indicate No Immediate Financial Threat to Warrant Closure

by vixenSBC

financial-image

Richmond, VA – The forensic accountant hired by Saving Sweet Briar, Inc. to review the finances of Sweet Briar College has completed his initial review and reports that as of August 2014, the college’s financial condition was stable and did not support the decision to close the college. R. Steven Spitzer, a CPA with Yount,…



Saving Sweet Briar Hails Lawsuit Filed on Behalf of the Commonwealth of Virginia by Amherst County Attorney to Stop Closure of Sweet Briar College

by vixenSBC

file-suit

Richmond, VA – Saving Sweet Briar, Inc., the non-profit organization formed to block the closure of Sweet Briar College, today hailed the move by Amherst County Attorney Ellen Bowyer who filed suit on behalf of the Commonwealth of Virginia against Sweet Briar College this afternoon seeking a court injunction to stop the closure of the…



Weekly Update, 3/27

by vixenSBC

As we end the 4th week since the announced plan to close Sweet Briar College, Saving Sweet Briar continues to charge ahead on many fronts in its fight to save our beloved Sweet Briar. We’re pleased to recap some of the key activities from the week as well as highlight some important next steps. 1)…



Saving Sweet Briar Hires Certified Fraud Examiner to Examine Sweet Briar College Financial Records

by vixenSBC

Richmond, VA – Saving Sweet Briar, Inc., the non-profit group formed to fight the closure of Sweet Briar College, announced today that it has retained Steven Spitzer, a Certified Fraud Examiner, to conduct a forensic analysis of Sweet Briar College’s finances. Steven Spitzer, CPA, CFE leads the Litigation Support, Evaluation and Forensic Accounting Team of Yount, Hyde & Barbour, a Virginia-based accounting firm that provides accounting, tax, assurance and…



Press Release: Saving Sweet Briar Attorney Cites Violations of Law by Sweet Briar College and Calls on President and Board of Directors to Resign

by vixenSBC

Saving Sweet Briar Attorney Cites Violations of Law by Sweet Briar College and Calls on President and Board of Directors to Resign New Slate of Board Members Ready to Assume Office and Advance Selection of a New Interim President   Richmond, VA – Saving Sweet Briar, Inc., the non-profit group that is fighting the closure…



Troutman Sanders sends letter to SBC counsel requesting President and Board resign positions immediately

by vixenSBC

March 23, 2015 BY E-MAIL AND U.S. MAIL Counsel to The President and Board of Directors of Sweet Briar College ATTORNEY INFORMATION REDACTED Re: Saving Sweet Briar Gentlemen: Our firm represents Saving Sweet Briar, Inc. (“Saving Sweet Briar”), a Virginia non-profit corporation, established by a group of Sweet Briar College alumnae, whose goal is to…



Saving Sweet Briar Timeline

March 3, 2015 - Sweet Briar College announces Spring 2015 will be final semester, school will close on August 25, 2015.

March 3, 2015 - Sweet Briar College alumnae galvanize on Facebook, creating working groups to work to halt closure.

March 4, 2015 - SavingSweetBriar.com launches in the early morning hours. Website begins accepting pledges midday.

March 6, 2015 - SavingSweetBriar.com pledges exceed $1 million (with additional unconfirmed $1 million pledge that will later be confirmed).

March 6, 2015 - Troutman Sanders retained to fight closure. Read More

March 9, 2015 - Saving Sweet Briar, Inc. formally incorporated as a non-profit with seven alumnae appointed to serve as board members. Read More

March 11, 2015 - Virginia State Senator Chap Petersen sends letter to state Attorney General regarding the legality of closing the college. Read More

March 11, 2015 - Sweet Briar faculty join alumnae in fight to keep college open. Read More

March 18, 2015 - Saving Sweet Briar, Inc. begins accepting donations in the fight to save the college.

March 23, 2015 - Troutman Sanders sends letter requesting President and Board resign. Read More

March 26, 2015 - Saving Sweet Briar, Inc. hires Certified Fraud Examiner. Read More

March 30, 2015 - Amherst County Attorney, Ellen Bowyer, files suit against Sweet Briar College.

April 6, 2015 - Initial Financial Analysis concludes financial condition did not warrant closure Read More

April 12, 2015 - $5 million pledged to Saving Sweet Briar.

April 13, 2015 - Amherst Mayor sends letter opposing closure. Read More

April 15, 2015 - Judge Updike issues a 60 day injunction preventing the college from using funds solicited to operate the college to close it.

April 23, 2015 - Saving Sweet Briar, Inc. launches Alumnae Angels program to help students with financial concerns during transition and uncertainty.

April 29, 2015 - Judge Updike issues another injunction in one of the other legal cases preventing the college from selling assets for six months.

April 29, 2015 - Amherst County Attorney files Petition to Review with Virginia Supreme Court.

May 19, 2015 - Saving Sweet Briar, Inc. granted 501(c)(3) status, with tax exempt status applying to all donations made from the incorporation date of March 9, 2015.

June 9, 2015 - Virginia Supreme Court rules that Sweet Briar College can be a trust.

June 19, 2015 - Saving Sweet Briar, Inc. announces $21 million total pledged over 5 years.

June 20, 2015 - Settlement reached, keeping Sweet Briar College open. Settlement terms include 3 payments to college with the first $2.5 million due on July 2.

June 23, 2015 - Amherst CountyBoard of Supervisors names Sweet Briar Day.

June 30, 2015 - Saving Sweet Briar, Inc. delivers $5 million ahead of schedule to Sweet Briar College.

July 2, 2015 - President Stone assumes new position, new Board of Directors appointed.

September 2, 2015 - Saving Sweet Briar, Inc. delivers final settlement payment to Sweet Briar College, exceeding $12 million total.