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Oral Roberts University Gets $70M Pledge

The Associated Press:
Oral Roberts University, the debt-ridden evangelical institution riven by scandal, has been handed a $70 million lifeline. Mart Green, founder of the Christian office and educational supply store chain Mardel, said Tuesday he would immediately give $8 million to the university, with the rest to come after a 60-to-90-day review of the university's financial records. The pledge came on the same day the university's regents said they planned to separate the finances and leadership of the university from the Oral Roberts Evangelistic Association.

Posted by Editor at November 28, 2007 01:09 AM