According to Wikipedia Oberlin College has an endowment of $890- million as of 2018. So $11 million here and $22 million there should be mere chump change to them. The bakery may be for sale soon because the current owners will never have to slave over their hot ovens anymore. I just love stories with happy endings.
Denison University in Ohio is like Oberlin...small DIII lib arts college that Ohio seems to have many of: in addition, Hiram, Heidelberg, Otterbein, Ohio Wesleyan et al.
In 2002 I was involved with a huge utility relocation project at Denison. At the time Denison had 54 million in endowment $$$ and were required to spend at least 5 million/year.
Yeah. How big is the college’s endowment was the first thing that I thought of as well.
Not sure about the bakery being sold even with a big payout. It has been in operation...what?...135 years? Is that the number? Anyway, multiple generations. They also received a lot of support from the local community during the court case. So, it would sort of be ungrateful for them to up and leave.
The interesting question is what sort of relationship does the bakery, the college, and the students have going forward? It all will depend on whether or not the natural vindictive pettiness of the SJW types can be controlled.
$890mill for a college that old isn’t all that much. Coed liberal arts since 1833, guess the alum doesn’t make big money.