Gil Stafford, president of Grand Canyon University for the past four years, announced his resignation prior to the start of the spring semester Jan. 5. He had been on the Grand Canyon staff in various capacities for 24 years.
The university, which was founded by Baptists in 1949, also announced Feb. 2 that it has been sold. The self-governing trustee board sold the university to Significant Education, LLC, a California-based, for-profit subsidiary of a company known as Significant Ventures.
Financial details of the transaction have not been disclosed.
The group was hired in January to shore up the debt-ridden college and expand its enrollment. The entity will be renamed Grand Canyon University Institute for Advanced Studies.
Grand Canyon University was one of only three Southern Baptist-affiliated universities in the West. In 2000, Grand Canyon trustees declared the school independent of the Arizona Southern Baptist Convention.
(BP, Arizona’s Portrait magazine)
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