On Monday this blog asked, "Will Richard Roberts Let Go or ORU?" Concerns had surfaced in both the Oklahoman newspaper and in the Chronicle of Higher Education that because Roberts had remained president and CEO of the Oral Roberts Evangelistic Association, he would still be able to misuse funds at Oral Roberts University.
I spent a few minutes studying the IRS Form 990s of both ORU and the Oral Roberts Evangelistic Association. The overlap between the boards of the two organizations is so huge that the evangelistic association was obliged to report that these organizations were under "Common Control."
Well, no longer. This morning the Associated Press, the Oklahoman, and the Tulsa World are reporting the promise of a major gift to ORU from Mart Green (founder of the retail chains Mardel and Hobby Lobby). He's offering $70 million to help the school out of its financial pit.
But there are conditions, and from the timing of the gift, it seems that one of them is for the school and the evangelistic ...1