ORU to accept $70 million gift; Board to be replaced
ORU to accept $70 million gift; Board to be replaced

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By John Estus
Published: January 14, 2008

TULSAOral Roberts University regents voted unanimously today to accept an Oklahoma City family's offer of $70 million, Regents Chairman George Pearsons told students.

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Details of the proposal will be released at a 6 p.m. news conference.

Pearsons said he will step down as chairman and will be replaced by Mart Green, whose family owns the Hobby Lobby store chain.

A Green family spokesman said ORU's entire board of regents will be replaced by a board of trustees, composed of some former regents and some new members.

The Greens' offer followed the late November resignation of ORU President Richard Roberts. At the time, the family gave $8 million and pledged to give the remaining $62 million contingent on the school's acceptance of shared governance and other actions.

Richard Roberts said the proposal has his family's blessing and that he was "pleased (that) God has blessed ORU with this gift."

Richard Roberts said he and his father, university founder Oral Roberts, attended the regents meeting today.

Four ORU regents, all televangelists, have quit since Richard Roberts resigned.

ORU is said to be more than $50 million in debt.


 

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Does this mean that Richard and his wife will have to give up the life style they so much enjoy at the expense of the donors? I don't think so. I won't be shopping at Hobby Lobby or Mardel any more. Their prices are too high anyway. I wonder if the Roberts family will still be able to use the schools plane for their kids vacation. I'm sure God will speak to them (like always) and tell them it's ok. Strange name for their lawyer; "GOD".
howard, Oklahoma City - Jan 16, 2008 at 8:40 am
Fools giving money to these con men is not worthy of making the news. This has been going on for decades. Why all the fuss now? Oral and Richard are two of the best this country has ever seen. Nobody takes from the poor like those two. The word "great" is used to often in our society, but these two really are great at what they do. Oh and myself and my family will never go to Hobby Lobby again. Fools..
Eric, Shawnee - Jan 14, 2008 at 11:53 pm
Report as inappropriate or
Ignore Eric
:( And to think my Mother was sending money she could not afford to send to these jerks 18 years ago :( Hope they enjoyed it!
Anita, Oklahoma City - Jan 14, 2008 at 8:51 pm
Bawwy Twammel calls it Boone's Farm.
myers, Peir - Jan 14, 2008 at 8:46 pm
When has anyone but us posters called OSU "Boone Pickens U"?
Grant, Edmond - Jan 14, 2008 at 7:12 pm
Alright DOK...turn about is fair play....you call OSU Boone Pickens U...time to call ORU Hobby Lobby U. I doubt you have the balls since OU or Gaylord U isn't telling you to do so...
Kevin, Tulsa - Jan 14, 2008 at 6:51 pm
This just in: Dr. Porter asks to be reimbersed from the ORU donation. Just kidding!
Patrick, Edmond - Jan 14, 2008 at 6:38 pm

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