A NEW ERA HAS BEGUN
11 27 2007ORU Gets a ‘Divorce’ from ORM and 70 Million Dollars
The ORU Board of Regents officially voted to ‘accept’ Richard Roberts resignation and to legally and financially separate the university from Oral Roberts Ministries.
A short while later they received a financial pledge of 70 million dollars from Mart Green , whose family started the Hobby Lobby chain of stores.
However, the gift comes with a catch. ORU will receive 8 million in immediate funds, but must demonstrate “good governance” before the remaining 62 million can be given. The gift will effectively wipe out ORU’s 55 million dollar debt.
Is ORU saved? Mission accomplished? We hope so.
Questions still linger as to the results of the regent’s audit of the allegations surrounding Richard and Lindsay Roberts. ORU is a private university and is not required to publicize the findings of their committees or the details of their two day meeting. Either way, the university has proved it doesn’t need Richard anymore.
Stay tuned to SaveORU.com for more news and analysis.
[…] important. If he’s right, it absolutely does mean a new era at ORU, as the kids over at SaveORU.com […]
with richard gone it is now time for the oru nation to move on. it is time for us to take the university back. and it is time for an uplifting heart felt “RICHARD APOLOGIZES: ORU SLIM SHADY 2”
http://www.djconnectiontulsa.com/index.cfm?id=110
and we all need to go buy some random what-not at HOBBY LOBBY.
Call me a complete cynic, but I personally think RR knew about the pending donation and quickly resigned to save the university.
It’s no secret within the ivory tower chambers of the charismatic christian Higher Education community that for years dubious behaviours were being practiced at ORU by the Roberts elite. A number of highly placed ORU staff left long ago due to their insider knowledge of the goings-on there. They knew disclosure was inevitable and did not want to be associated with the fallout. Unfortunately certain of these did not learn from their experiences there and spread ORU’s infectious unethical practices to the new charismatic institutions they swarmed to such as TKC&S. If Jack Hayford is wise he will expose what has gone on behind the scenes of his institution before it is likewise too late.
My cousin attended the King’s college in California. She was disappointed that it was nothing near like what is espoused in Jack Hayford’s teachings. Not much spiritual life or passion among faculty or students. A great amount of Pastor Jack worship by the institution instead. Too bad. She left.