The college’s owner, Bryant H. Prentice III, 80, donated the college to his family foundation, the Prentice Family Foundation. The foundation is a nonprofit that aims to stimulate economic growth and employment in western New York. Bryant and Stratton College bachelor’s degree, For-profit conversions are often scrutinized. Critics argue for-profit institutions fail to see students through to graduation or leave them with high debt levels. fake Bryant and Stratton College degree, They argue some for-profits seek nonprofit status to avoid tougher tax burdens or regulatory scrutiny but simultaneously sign consulting or outsourcing agreements to keep cash flowing to their former owners.
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In a statement, Bryant & Stratton called its conversion an “outright benevolent and unrestricted donation” and addressed its financial relationship with the Prentice family.
“Different than any other transaction leading to a change in status from for-profit to not-for-profit college that we are aware of, the College has not taken out a loan or entered into management or consulting agreements to pay money to the Prentice family,” the statement said. Bryant and Stratton College associate’s degree, The conversion is in part a financial decision for the college, according to the Rochester Democrat & Chronicle, which first reported on the change. Bryant & Stratton’s president, Fran Felser, discussed the conversion in a YouTube video viewed by the Democrat & Chronicle that was subsequently removed.
“The college needs to change and grow to remain viable and the college needs cash — all organizations need cash — to invest in those initiatives and change and grow to remain viable,” Felser reportedly said in the video. Bryant and Stratton College online bachelor’s degree, “We will be able to invest more into the college for the benefit of our students.”