Martin University to Close After Nearly 50 Years, Citing Unsustainable Financial Model
Martin University, a historically Black institution that has served Indianapolis’s underserved communities for nearly five decades, will close its doors permanently after the Board of Trustees voted to cease operations due to insurmountable financial challenges. The full Board of Trustees made the decision to pause operations, which ultimately led to closure, according to a letter released by the board. The Higher Learning Commission subsequently directed the university to cease operations entirely. “Without an endowment and given today’s political climate around higher education funding, this financial model is simply not sustainable,” the board stated in the letter. University officials said that their