An ugly chapter in the Dickinson State University Foundation saga is nearing a close. The Foundation mismanaged itself into speculative real estate deals and used scholarship dollars to cover operating costs. The case has resulted in new legislation and the creation of a new foundation, the Dickinson State University Heritage Foundation.
Read & Share sourced from: Dickinson Press
Consider it fallout from the Dickinson State Foundation scandal that is still being sorted out, but the NDSU & UND Foundations are considering challenging the decision on the basis of constitutionality.
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As the Dickinson State Foundation works though it’s financial scandal and recovery, it looks like it will be passing some costs along to students in the form of rising rents at Foundation managed apartments.
Read & Share sourced from: Dickinson Press