B-CU suf­fers fi­nan­cial losses

South Florida Times - - FRONT PAGE -

DAY­TONA BEACH, Fla. - A his­tor­i­cally black univer­sity in Florida is deal­ing with mount­ing fi­nan­cial prob­lems.

The Day­tona Beach News-Jour­nal re­ported Sun­day a re­view of tax doc­u­ments showed an­nual losses at Bethune-Cook­man Univer­sity have climbed over a three-year pe­riod from $254,000 to $17.8 mil­lion.

The pa­per said that tax re­turns show that salaries are in­creas­ing and that the col­lege bor­rowed money from its en­dow­ment fund.

Pres­i­dent Edi­son Jack­son did not re­spond to ques­tions about univer­sity fi­nances. Joe Petrock, chair­man of the school's board of trustees, said it is not the col­lege's pol­icy to dis­cuss fis­cal af­fairs in public. He added that trustees are work­ing to “ad­dress and im­prove our fi­nan­cial mat­ters.”

U.S. Ed­u­ca­tion Sec­re­tary Betsy DeVos gave a com­mence­ment speech at the univer­sity in May and had her speech nearly drowned out by boos and shouts.

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