Bennett College is in danger of losing it's accreditation. Southern Association of Colleges and Schools’ Commission on Colleges had voted to remove its accreditation due to failure to comply with the commission’s financial standards. The all women's HBCU needs to raise $5 million by February , 2019 to maintain it's accreditation.
So far, the college has raised more than $1 million. They need your help!
50 days. Friends, we have 50 days to raise funds to help Bennett College maintain its accreditation with SACSCOC. February 1, 2019, is our target date for accomplishing this goal.
Over the past two years, Bennett has made significant gains in addressing our financial stability. Some of the significant strides made to achieve sustainability include:
- Bennett generated a surplus of $461,038 and had no audit findings.
- Bennett was approved for a capital loan deferment over a six-year period with a financial benefit of nearly $9 million.
- Bennett has steadily increased its fundraising from $3.47 million to $4.25 million over a 3-year period.
- Bennett’s enrollment has been trending upward for 2 years from 409 in 2017 to 471 in 2018.
- Our retention rate is also significantly up from 44% in Fall 2017 to 53% in Fall 2018.
- The average GPA of new freshwomen increased from 2.8 in 2017 to 3.2 in 2018.
- Bennett continues to support mission activities, and academic and student programs.
Despite all of these accomplishments, SACSCOC felt that we fell short. We are appealing their decision and working hard to demonstrate that we are fiscally stable. This requires us to raise additional money to reduce our debt and improve our cash position.
When you #StandWithBennett, you are preserving the legacy and excellence of black women in the U.S. Since 1873, @BennettCollege has created a place for black women's voices and brilliance to be developed and cultivated.
We need your help. #StandWithBennett Give to Bennett. Or you may text the word Belles to 444999 and follow the instructions.
If you would like to donate, click here: http://www.bennett.edu/standwithbennett/
Bennett College is in danger of losing it's accreditation. Southern Association of Colleges and Schools’ Commission on Colleges had voted to remove its accreditation due to failure to comply with the commission’s financial standards. The all women's HBCU needs to raise $5 million by February , 2019 to maintain it's accreditation.
