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Oral Roberts University Reduces Debt To Around 5M
posted 04/01/09 11:07 am
NewsChannel 8 - Oral Roberts University Reduces Debt To Around 5M
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Tulsa - Once more than $50 million in the red, Oral Roberts University has whittled its debt to around $5 million.

The evangelical school says its Renewing the Vision campaign has brought in cash and pledges from nearly 14,000 people and organizations. The matching campaign was launched last year.

ORU Board of Trustees Chairman Mart Green said Wednesday he's excited about the amount of money raised in such a short time and that reducing the debt strengthens the school going forward.

ORU is recovering from a 2007 financial scandal that tarnished the school founded by televangelist Oral Roberts and led to the resignation of his son, Richard Roberts.

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Latest Comments on "Oral Roberts University Reduces Debt To Around 5M"
posted by: Green Lantern on 2:33 pm on 04/01/09
I wish God would tell Oral that we need a low water dam built in Jenks.

How else could it ever happen? Smile

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