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Clinton College’s Board of Trustees said it is working to restore the college’s financial stability amid recent cash-flow shortages.
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The board said in a statement Friday that it acknowledges the college’s funding problems, and continues to work with the administration to “ensure the long-term success” of the college.
“The Board of Trustees is committed to solving this present situation alongside our administration, to make sure our Dear old Clinton College is on a firm financial footing, as we prepare for the upcoming academic year,” the statement said.
The Herald reported June 23 that Clinton College faculty and staff had gone nearly two months with incomplete paychecks and deactivated medical insurance due to cash-flow shortages and delayed reimbursements.
Clinton employees received delayed paychecks in April, and only $1,000 issued toward their May paychecks, The Herald reported.
The board said it supports Clinton President Pamela Richardson Wilks, and is “working tirelessly” to ensure every employee receives their full paychecks.
Read more 21-year-old motorcycle rider dies in overnight crash on I-77, SC coroner says
“We recognize the emotional toll, and we apologize for the financial impact this has had on our faculty, staff, and their families,” the statement said.
Clinton College’s Board of Trustees is composed of 19 members, primarily affiliated with the African Methodist Episcopal Zion Church.
It invited members and friends of the church to donate to the college on Givelify, an online fundraising platform for churches and nonprofits.
The board also said contributions can be mailed to the college at 1029 Crawford Avenue, Rock Hill, SC, 29730.
“In our 132-year history, we have seen our share of turbulent times, but there is an insatiable Golden Bear spirit and Clinton College dignity that will not let us give up even in challenging times,” the statement said.
Read more Clinton College ‘working tirelessly’ to ensure full employee pay: Board of Trustees