|Sweet Briar is about 12 miles north of Lynchburg, Va.|
Sweet Briar, which only had 240 students last fall—capacity is 800—is expecting 325 students this fall, Susan Svrluga reports for The Washington Post. The school has received $10.25 million in donations over the past 10 months, "five times the unrestricted funds it had raised annually in the past." Phillip Stone, the school's president, said in a statement: “2016 was a rebuilding year. We took over a mostly shuttered institution and could not start recruiting a new class until September of 2015, six months later than other institutions. The fact that we will have a student body of this size in such a short time is one more Sweet Briar miracle.”
Stone, who said the school came in $2 million under budget for this fiscal year, said it was the first time "the endowment was not touched." He said, "That is simply amazing when you consider we had a student body of only 40 percent of its previous size, were required by the settlement agreement to pay almost $5 million of severance to faculty and staff, and incurred more than $30 million of other costs due to the attempts to close.” That has the school's leaders looking to the future and a continued increase in enrollment in 2017.