CAMPUS NEWS
FOR
IMMEDIATE RELEASE
06/19/02
Sherman College Campus Becomes Debt Free
JUNE 19, 2002 - Sherman College
staff, faculty, alumni and friends recently
celebrated when the college achieved the
exciting goal of retiring its final mortgage and
became a debt-free campus. A Mortgage Burning
Ceremony was held on Saturday, May 25, in
conjunction with the college's yearly Lyceum
program, a four-day celebration that involves
seminars, continuing education courses, alumni
reunions and many other special events.
"Sherman College has reached a significant
milestone in becoming a debt-free campus for the
first time since it was founded in 1973," said
the college's President, Jerry L. Hardee, Ed.D.
"Becoming a debt-free campus will enable us to
launch a multi-million dollar fund-raising
campaign that will further ensure our future."
The college began a mortgage fund-raising
campaign earlier this year and successfully
raised the $210,000 necessary to retire the
mortgage. To accomplish this goal, Sherman
College Vice President for Institutional
Advancement Leroy G. Moore, D.C., requested
additional financial support from Regents,
alumni and friends of the college.
"We extended a special request for donations to
our supporters because they have been so
faithful and have been in large part responsible
for the success Sherman College has achieved,"
Moore said. "Our alumni, Regents and friends
stepped up and were instrumental in helping us
reach this goal."
Moore noted that many supporters' donations to
retire the mortgage were made in addition to
regular yearly pledges. "In keeping with the
Lyceum 2002 theme, 'Stand Proud, Step Forward,'
our supporters stood proud of the impact Sherman
College has had on the chiropractic profession,
and they stepped forward to help us meet this
important goal," he said.
Sherman College Vice President for Business and
Finance Tim Revels said being a debt-free campus
has many advantages and speaks volumes about the
college's stability. "Sherman College has
certainly made substantial progress over the
past several years," he said. "Reaching this
goal will bring an even higher level of
stability to the institution and allow the
college to utilize more of its assets to
continue strengthening its programs and position
within the chiropractic profession."
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