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May 22, 2015 7:53 AM ET

Diversified Consumer Services

Company Overview of Sweet Briar College

Company Overview

Sweet Briar College is a liberal arts and science college for women, which offers undergraduate programs in the field of humanities, communication, and science. The college offers courses in accounting, dance, biology, business, chemistry, music, foreign languages, economics, religious studies, history, law, theatre, mass communication, mathematics, psychology, and sociology. Sweet Briar College was founded in 1901 and is based in Sweet Briar, Virginia. The college has endowment assets of $119.9 million.

123 Power Plant Cir

Sweet Briar, VA 24595

United States

Founded in 1901

Phone:

434-381-6100

Fax:

434-381-6152

Key Executives for Sweet Briar College

Compensation as of Fiscal Year 2014.

Sweet Briar College Key Developments

Lawsuit Seeks to Stop Sweet Briar College from Closing

A lawsuit seeking to stop Sweet Briar College from closing was filed on March 30, 2015 by the Amherst County Attorney, charging that a closure would violate the terms of the will under which the school was founded and that charitable funds have been misused in violation of state law. The small Virginia college's president, James Jones, shocked students, faculty and alumnae earlier March when announced that the 114-year-old school would close forever this summer. Alumnae and faculty have been staunchly opposed to that decision. The suit seeks to stop the closure and replace the school's president and board with a fiduciary to take over the school's assets. The lawsuit claims that the action, while announced suddenly, appeared to have been in the works for months, with a legal firm offering advice on closure and efforts to form partnerships with other colleges to ease students' ability to transfer, among other things.

Sweet Briar College to Close Because of Financial Challenges

Sweet Briar College announced that it will shut down this year because of insurmountable financial challenges. The college announced that it would wind down academic operations in coming months and begin immediate efforts to help students transfer elsewhere. Its final commencement is scheduled for May 16, with closure slated for August 25.

Sweet Briar College Names James F. Jones as Interim President, Effective August 15, 2014

Sweet Briar College announced that James F. Jones Jr., the retiring President of Trinity College in Hartford, Conn., has been named the Interim President of Sweet Briar College. He succeeds Jo Ellen Parker. Jones' first day on the job at Sweet Briar will be August 15, 2014.

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