Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe
Breaking News

Hebrew College Will Sell Building To Eradicate $32 Million Debt

The Hebrew College in Boston must sell its building as part of a deal to free itself of a $32.1 million debt that threatened its existence, according to the school’s president.

Rabbi Daniel Lehman sent a letter to the college’s board members Nov. 18 telling them that the college has struck a deal with its creditor to eliminate its obligation.

As part of the agreement, Hebrew College must put up its building for sale, with the proceeds going to the creditor.

“Together with the nearly 50 percent reduction in operating expenses over the past three years, as well as changes in management and board composition, the planned resolution of our debt will pave the way for sustainable, responsible growth in the years ahead,” Lehman wrote. “We are grateful for our creditor’s willingness to work with us to reach this outcome.”

Engage

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.