Christa Desrets reports in this morning's Lynchburg News & Advance that Randolph College has had its warning status lifted by its accrediting organization. The Southern Association of Colleges and Schools had placed the school on warning last December after determining that it was spending its endowment at an unsustainable rate.
But opponents of the (temporarily enjoined
) sale of paintings from the school's Maier Museum shouldn't get their hopes up: a Randolph spokeswoman says, "We still have plans to sell the unrestricted artwork in the future. That decision hasn't changed."
Lee Rosenbaum has more