Oral Roberts University Receives $70 Million Bailout

Straddled with $45 million in debt and $60 million in deferred maintenance costs, Oral Roberts University had been on the brink of collapse, amid a financial scandal involving televangelist Richard Roberts.  However, in November, Mart Green, whose family founded Hobby Lobby, announced a $70 million donation to help save the school.

Mart, whose net worth is estimated at $1.8 billion, is a devoted tither who lives in a 4500 square foot home and has only driven 3 cars in the last 18 years.

To read more from AP, click here.


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