The sexual assault scandal at Baylor University could cost the school more than $200 million, according to an economic analysis released Tuesday by a group of donors.
The analysis, conducted by the consulting firm HSSK, concluded that the costs of dealing with the scandal since September 2015 — factoring in settlements, an independent investigative report and legal fees — could have been about $121.7 million. Baylor has also lost and will lose donations, grants and gifts totaling millions of dollars, according to the analysis.
Last school year, the school saw a 15 percent drop in private contributions received, Jared Jordan, managing director of HSSK, said at a news conference Tuesday. If those contributions stay about the same this year before returning to normal growth rates in 2017 and 2018, Baylor would lose about $101 million, according to the analysis.
The study was commissioned by Bears for Leadership Reform, new group of donors that has called for further investigation of the scandal, in addition to the report completed this spring by the Pepper Hamilton law firm.
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The Baylor board of regents rejected that idea Monday, said John Eddie Williams, president of Bears for Leadership Reform.
“I love Baylor University,” Williams said Tuesday after the analysis was released. “I believe strongly that those who have been blessed need to give back … but it’s time for us to have some reform — transparency and accountability. It is time for us to look at our leadership and what has brought us to this cloud that hangs over our beloved school.”
Watch Tuesday’s full news conference here:
The scandal, which centered on how the university handled sexual assaults reported by students, resulted in the firing of football coach Art Briles and the resignation of athletic director Ian McCaw in May. President Ken Starr stepped into a teaching role before leaving the university this summer.
Regents told The Wall Street Journal that 17 women have reported domestic violence or sexual assaults involving 19 football players since 2011, including four gang rapes. They told The Dallas Morning News that about 125 cases of sexual assault or harassment campuswide were under review.
Baylor said in a statement Tuesday that it was notified this month that the Southern Association of College and Schools, a leading university-accrediting body, will closely monitor for a year the university’s compliance with three standards: whether university student support services are adequate, whether institutional control of intercollegiate athletics is firm and whether a healthy, safe and secure student environment is being maintained.
This report includes material from The Associated Press.