Saving Sweet Briar Delivers $3.5 to Sweet Briar College Ahead of Schedule

by vixenSBC

Richmond, VA – Saving Sweet Briar, Inc., the nonprofit group formed to save Sweet Briar College, announced it has delivered $3.5 million to Sweet Briar College as required as part of the settlement agreement to keep the college open. The completed payment was once again delivered ahead of the due date, August 2, and brings the total amount paid to the school to $8.5 million. The final payment amount that the non-profit must deliver by September 2 is $3.5 million.

“We are pleased that Saving Sweet Briar has not only reached its second fundraising milestone, but again completed the payment ahead of schedule,” said Sarah Clement, Chair of Saving Sweet Briar (Sweet Briar College, AB 1975; Columbia University, MA 1977; University of Virginia School of Law, JD 1984).  “We hope to reach our third and final milestone under the agreement ahead of schedule as well.  Our donors have been converting their pledges to save our college at a rapid pace, and we are confident they will continue to rally to get us across the finish line in style, ahead of schedule.”

In advance of the next milestone, the non-profit encouraged supporters to continue the momentum and convert pledges into donations, noting what has already been accomplished, and the many exciting milestones ahead. The college recently announced nearly 300 students are enrolled for next year, with Convocation taking place on August 26, the first day of classes on August 27, and Founders’ Day Weekend on September 25-26. Sweet Briar also announced the continuation of several key programs, including the Junior Year Abroad program, riding program and engineering program.

“In 146 days, we have raised millions and kept the doors of Sweet Briar open, and proved, as President Stone has said, that at Sweet Briar the impossible is just another problem to solve,” said Clement. “I encourage alumnae and supporters to devote themselves fully to converting pledges, accelerating a future gift or even making another gift as we approach our next milestone and the start of not only a new school year, but a new and bright era for Sweet Briar College.”

There are multiple ways for alumnae to convert pledges or make new gifts, including through checks and online donations. Additionally, supporters can accelerate pledge amounts by paying all or most of the total pledge in the next few weeks. Full details on converting pledges and giving can be found at


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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 - launches in the early morning hours. Website begins accepting pledges midday.

March 6, 2015 - 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.