Analysis of information sources in references of the Wikipedia article "Latin School of Chicago" in English language version.
This week, the school, which disclosed a $58.5 million endowment in a recent tax filing, said it would return the loan, citing new guidance."With this decision, we stand in support of all the smaller businesses and nonprofits that need this support to keep their people employed," Randall Dunn, its head of school, said in a statement.
Some prep schools followed suit. The Latin School of Chicago, the Middlesex boarding school near Boston and Episcopal High School in Alexandria, Va., all opted not to receive loans or returned the funds.
"The board made the decision to apply due to the high degree of financial uncertainty the pandemic presents and our responsibility to mitigate this risk as much as possible for Latin," explained Mr. Dunn.
