an additional $16 million of endowment money, to pay for continuing operations. On June 22, 2015, the Bedford County judge approved the agreement, and dismissed the pending lawsuits.
=== Revitalization ===
==== Change of leadership ====
Sweet Briar's board is historically elected annually in the spring, however Saving Sweet Briar and plaintiffs in the litigations appointed an entirely new board in July 2015. In a conference call vote, the new board unanimously installed Phillip Stone as the new president and formally rescinded the previous board's announcement that the school was closing.
Stone announced in newspaper interviews that he did not regard this as an interim or one-year appointment, and that in years to come he intended to increase enrollment beyond Sweet Briar's highest past student count. Stone invited most faculty and staff members to remain in their positions; the settlement included paying six months' severance to any who elected to depart. The settlement required Saving Sweet Briar to deliver …
