March 14, 2008
Foundation Reneges on Scholarships
A charitable foundation known for supporting scholarships for business students has told a handful of universities that it can no longer pay for the scholarships it committed to, forcing those institutions to dig into their own funds to support the students.
The Roy F. and Joann Cole Mitte Foundation, based in Austin, Tex., supported scholarships in undergraduate business programs at six universities: Indiana University at Bloomington, Ohio State University, Pennsylvania State
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