Some Donors Think Northland College Broke the Law

Some donors think Northland College broke the law

While attending Northland College in Ashland, Bjorn Norgaard volunteered for a local nonprofit group, shoveling snow and mowing lawns for seniors. In 2011, a teenage driver killed the 23-year-old in a hit-and-run crash while he was skiing at night across a Lake Superior bay. Norgaard's family and friends created a scholarship at Northland in his name. Two years later, they set up the Brother Bear Endowment Fund to provide financial support to No…

A northern Wisconsin college spent down its endowment before it closed. Some donors think it broke the law.

A judge is set to sign off on Northland College's plan for doling out what's left of its restricted endowment. The college in northern Wisconsin borrowed $22 million from its endowment to fund operations before it closed last year, and some donors accuse them of violating the law. The post A northern Wisconsin college spent down its endowment before it closed. Some donors think it broke the law. appeared first on WPR.

A northern Wisconsin college spent down its endowment before it closed. Some donors think it broke the law - KFIZ News-Talk 1450 AM

While attending Northland College in Ashland, Bjorn Norgaard volunteered for a local nonprofit group, shoveling snow and mowing lawns for seniors. In 2011, a teenage driver killed the 23-year-old in a hit-and-run crash while he was skiing at night across a Lake Superior bay. Bjorn’s father, Brett Norgaard, later heard from the family of an elderly couple his son had spent time with. “They would make him dinner,” recalled Brett Norgaard, who live…

Northland College spent down its endowment before it closed. Some donors think it broke the law.

While attending Northland College in Ashland, Bjorn Norgaard volunteered for a local nonprofit group, shoveling snow and mowing lawns for seniors.