With no comment, except to say that I’ve never felt comfortable shopping in Hobby Lobby:
[Mart Green is giving] $70 million of his family’s fortune to rescue Oral Roberts University, the evangelical Christian school engulfed in a spending scandal and burdened with tens of millions of dollars in debt.
In return for the donation, Green becomes chairman of the university’s new board of trustees, and hopes to restore the public’s trust in the 5,700-student institution.
The wealth comes in part from Hobby Lobby, the company Green’s father, David, founded in his living room with a $600 loan and built into a $1.8 billion craft supply giant with nearly 400 stores in the U.S. The money also comes from Mardel, the Christian bookstore and office supply chain that Mart Green started when he was 19.
Green announced the donation in November, five days after televangelist Richard Roberts stepped down as president amid accusations he misspent school funds to live in luxury.