Shaw’s Financial Picture Grows Dimmer
By Loretta Man ago
Post Managing Editor
What began as a dim picture, the
fact that Shaw University, one of the
oldest black colleges in the country
owed the government $750,000,
continues to grow dimmer and
dimmer as the days progress.
But a few flickers of hope
remain. Shaw alumni and other
supporters of the institution haven’t
given up on Shaw and are working
feverishly to help Shaw get back on
its feet.
The most important of those
concerned efforts was Shaw's ex
tention of its June 30 deadline.
According to Mrs. Elizabeth
Randolph, a graduate and trustee
board member of Shaw, one Con
gressman, Marvin Dannelly worked
to get Shaw an extension on the
money due to the government. That
extension is now July 30.
Mrs. Randolph also said that
Friendship Baptist Church, of which
she is a member, had another “Shaw
Day” during the • Sunday
morning services.
“As far as I know Shaw had raised
approximately $135,000 (over two
weeks ago). I’m sure that more has
been raised since then, but what the
exact amount is I couldn’t say.”
With time winding down before
~ July 30 is here, Mrs. Randolph ~
spoke with firmness and conviction
that Shaw would meet its financial
responsibilities. Her mind seems to
be concentrated on the future of
Shaw and its lack of an endowment.
“There was already a major
fundraising drive on before the
emergency fundraising drive was
on. That fundraiser was specifically
to raise money for an endowment.”
Another concerned Shaw alumni is
Elizabeth Randolph
.....Trustee member
president of the local alumni
chapter, Cedric Jones. “So far, we
have raised well over $1,800, but that
doesn’t represent all of the monies.
We are expecting some more
matches and we are still soliciting
for funds.”
Jones also mentioned that the
alumni is working on getting
cooperation from church associa
tions across the state. “We have
even planned to ask other denomi
nations for contributions.”
Predicting that even when the
crisis is over Shaw will still need
mercy, Jones added, “It appears
that they’re other things to be taken
care of.” Jones may have been
alluding to the Article written in
the Gastonia Gazette on Thursday,
June 28, which stated that Shaw
must repay $503,962 in federal
Young winners display ribbons for their first performance at the Herohey
Track and Field Meet in Raleigh this past Saturday. (From left to right)
Dantlon Robinson, Stacey Dooley, Carl Williams, Wallace Reese (coach).
Sharmare Tin non, Yvette Roberts, and Terry Neale (assistant coach)
*048 E. Indep Blvd.
21SN.TryonSt 588.1098
112 9089 Mon -Thurs. 10-5:10 Fri. 10-8:10
10 a m -5:10 p m Mon Sat Sat 10-5:10, Sun. 12:10-5:10
Cedric Jones
.Local alumni president
student-aid money that was impro
perly used. In a more recent
article in the Charlotte Observer,
Sunday, July 6, it was revealed that
Shaw owes the U.S. Education
Department about $4.4 million.
Shaw’s vice president, Thomas Kee,
was contacted for comment and
stated that he would return the call
to the Post, but never did.
Further complicating Shaw’s
situation, Jones added that Shaw’s
tuition fees have not kept in pace
with other colleges. “While Shaw
has tried to help by keeping cost
down, it had hindered the
university.”
Through Shaw’s financial crisis,
the possibility of Shaw’s dying
remain*. According to Mrs.
Randolph, that would be a travesty.
“Shaw has done too much for blacks
and the country for something like
that to happen.”
If you’re interested in keeping
Shaw alive, send donations to: Shaw
University, c-o Mechanics k
Farmers Bank, P. O. Box 885,
Raleigh. NC 27602.
Shortly before press time, the Post
learned that Stanley Smith, presi
dent of Shaw University had re
signed after a closed, four-hour
meeting with the board.
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