The Board of Trustees is scheduled to convene on April 22, 2025, to discuss the university’s next steps.
GAFFNEY, S.C. — Limestone University, a historic institution with 179 years of in-person educational service, is grappling with a severe financial crisis that could reshape its future.
The university’s Board of Trustees said Wednesday that unless the institution secures $6 million in immediate financial support, it will face the difficult decision of transitioning to an entirely online model or, in the worst-case scenario, ceasing operations altogether.
“The $6 million emergency fund is critical for stabilizing our operations,” said President Randall Richardson. “This funding would provide us with the opportunity to explore long-term solutions that preserve both our online presence and our historic campus.”
Limestone University, which currently offers both in-person and online classes, says it has been struggling due to a combination of nationwide enrollment declines, rising operational costs, and financial pressures typical for small, private institutions.
“The Board’s priority is to preserve the Limestone mission of education and service on our campus, in addition to online,” said Richardson. “But without this financial lifeline, we will have no choice but to move all operations online, which means closing our physical campus.”
The Board of Trustees is scheduled to convene on April 22, 2025, to discuss the university’s next steps.
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