SACS placed Mary Baldwin University on probation for good cause, citing insufficient progress on financial responsibility compliance and putting the institution at risk of losing accreditation. The disclosure statement says the university failed to meet the financial responsibility standard, which requires evidence of fiscally responsible management. The accreditor indicated degree status, enrollment, and financial aid are not affected in the immediate term, and Mary Baldwin said it is implementing controls on expenditures, reorganizing operations, strengthening fundraising, and investing in new revenue-generating programs. However, SACS said progress was not adequate to meet the standard during the probation period. President Todd Telemeco announced he would resign, with Gary Daynes taking over as president on July 1. SACS will review Mary Baldwin’s status next June, with accreditation removal among potential outcomes.