HBC / Bailed Out By Who?

I was happy when I heard about someone coming to the rescue, of Lemoyen-Owen college. They had to raise $1 million by June 30th. Had it not been for the anonymous donor. It doesn't appear they were going to reach their goal. Much to my disappointment. They had only raised about half the money. In spite of threats of closing the doors. It didn't mobilize the schools impressive alumni list. Had it not been for the 11th hour offer. Lemoyen-Owen college probably would be closing their doors. Now they won't have to do that. Click on the link below for more details:

http://www.commercialappeal.com/mca/education/article/0,2673,MCA_22897_4798406,00.html

A lot of people overlook, who we have as a citizen of Memphis. Fred Smith is like a local Bill Gates. It's not like they don't know who he is, they just don't understand. Fred Smith and his company FedEx, are a big part of the Memphis landscape. The city would suffer a tremendous lost, if they should be headquartered elsewhere. To keep a college open in Memphis, is an investment in their future. It will keep them with a source of part-time workers. Students make excellent employees. If they want to work. Plus it gives them the first shot at graduates. To educate workers, that will best serve you. What better than to have your own school. I listened to Bill Gates, the owner of Microsoft. He has taken a particular interest in education as well. I think CEO's foresee a shortage of qualified workers. Locally I think we are already experiencing that. Too many young people can't even count money. Let alone fill out an application. With FedEx being one of the biggest employers, in the city of Memphis. I'm sure he has made that observation as well. Since the donor of the money is anonymous. We just have to wonder who the generous individual was. That's just a theory of mine. Considering the mindset of some of the citizens. Even though they aren't going to school, and didn't donate a dollar. They would have a problem . If by chance I was right. It might be better , if they don't know. I know it shouldn't matter, but it would. Then again maybe it should. Blacks need to support their own causes. Not saying we shouldn't get any help. But we should lead the cause.

I heard all the people yesterday, on a live radio broadcast. Coming out and making their donations. And issuing their challenges to other fraternities and sororities, and other professionals. Every Black judge running for office. Had a story to tell along with their donation. Considering the total they collected. It was more of a political rally, than it was a fundraiser. With all the testimonies, I heard on the radio. The school shouldn't be in trouble anyway. The anonymous donor wasn't foolish though. He had some stipulations attached. The same people won't handle this money. They have to construct a brand new board of directors. It will be interesting to see who is picked. The school has had a history of financial troubles. Practically from the start. See the history of the school below:

http://biobio.loc.edu/jharris/web/lochisty.html