Parallel Lives: Oral Roberts, Tom Monaghan and Fiduciary Duties

The problems that put Oral Roberts University into recent headlines pale in comparison to Tom Monaghan’s manipulation of Ave Maria enterprises for his personal, business, and banking interests. Monaghan’s management is far more repugnant given its scale, financial scope, coercive nature, and depth of self-servitude.

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The recent suits against Roberts and Monaghan were each filed by 3 fired professors claiming whistleblower retaliation and breach of contract.

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The Roberts and Monaghan suits each claimed that their respective institution’s nonprofit status was violated. Roberts’ case involves a political campaign while Monaghan’s involves abusing a Michigan non-profit (i.e. Ave Maria School of Law) to benefit Monaghan’s other Florida non-profits (i.e. Ave Maria University), for-profits (i.e. Nua Baile and Ave Maria Development), and personal interests (i.e. Monaghan’s private land holdings). See also “Non-profit Watchdog Aims At Ave“).

Read Catholicism’s Oral Roberts