Fisk: We're in big financial trouble
Blake Farmer reports on recent court filings over the battle to sell half of Fisk's Stieglitz collection of paintings. The university says it absolutely has to raise the money to keep going, but Tennessee Attorney General Bob Cooper isn't so sure.
In court documents, the AG points out that Fisk has been saying it is in dire financial straits for years but has managed to keep the university afloat without sanctions from its accreditation body.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS
[...] SEE ALSO: Fisk: We’re
[...] SEE ALSO: Fisk: We’re in big financial trouble [...]
What does it say about an
What does it say about an institution whose only hope is the one-time sale of its greatest portable assets to "stay alive"? Grim, indeed.
I still don't know why a local benefactor is not trying to keep these paintings here in Nashville, and with an offer that would help an in-town institution like Fisk.