The exterior of Dorrance Hamilton Hall, one of the many former University of the Arts buildings, in Philadelphia.
Photographer: Michelle Gustafson/BloombergLegal
Campbell’s Soup Heirs, Colleges Fight Over $65 Million Endowment
The closure of Philadelphia’s University of the Arts unleashed a court fight over how to divvy up the cash it left behind.
Alexis Shandor was devastated when Philadelphia’s University of the Arts unexpectedly closed at the end of her freshman year, a casualty of the economic forces that are hammering America’s small colleges.
“It completely crushed me,” she said. “Everything was up in the air.”