Limestone University in Gaffney, South Carolina, graduated its final class this spring after a last‑ditch fundraising effort failed and the private nonprofit shuttered operations. Founded in 1845 as a women’s college, the institution had weathered multiple historical closures but could not stabilize finances or enrollment; its student body numbered about 1,782 in fall 2023, the report says. The College Closure Files account traces long‑running fiscal fragility, wartime debts and property losses that compounded modern financial pressures. The closure underscores how small liberal‑arts and religiously affiliated colleges remain vulnerable to enrollment downturns, rising operational costs and the limits of emergency fundraising — issues that campus leaders, trustees and state higher‑education agencies will need to plan for proactively.