Boston University Loaned $600K to a Mysterious Trust Run by Ibram Kendi’s Brother-In-Law, Raising Questions About Financial Management of Kendi's Center for Antiracist Research

Boston University has come under scrutiny for loaning $600,000 to a mysterious trust run by Ibram Kendi’s brother-in-law, Macharia Edmonds12345. Here are the key takeaways from the article:

The Loan

• Boston University loaned $600,000 to a trust controlled by Ibram Kendi’s brother-in-law, Macharia Edmonds12345.
• The loan was a non-recourse loan, which means the university can seize the property if the borrower defaults, but can’t come after the borrower for any additional compensation1.
• The university won’t say which professor that loan went to, but it was doled out to a trust controlled by Kendi’s brother-in-law, Macharia Edmonds12345.

The Controversy

• The loan has raised questions about the financial management of Kendi's Center for Antiracist Research at Boston University2.
• The Center for Antiracist Research is currently under investigation for possible financial mismanagement2.
• The loan is part of a pattern of sweetheart loans and mortgages with below-market rates that universities provide to poach star professors from their competitors1.

The Future

• It remains to be seen how the controversy will impact the ongoing investigation into the financial management of Kendi's Center for Antiracist Research at Boston University2.
• The controversy is a reminder of the ongoing challenges facing efforts to achieve transparency and accountability in higher education2.

Conclusion

The loan by Boston University to a mysterious trust run by Ibram Kendi’s brother-in-law has raised questions about the financial management of Kendi's Center for Antiracist Research at Boston University. It remains to be seen how the controversy will impact the ongoing investigation into the financial management of the center, but it is a reminder of the ongoing challenges facing efforts to achieve transparency and accountability in higher education.