In early May 2007, parents were informed that there was the possibility that the school would cease operations and not re-open for the 2007–2008 school year. For those students who came from Solomon Schechter High School of New York, this would have meant two years in a row of switching schools, with the closure once again announced at the end of the school year. A meeting was held on the evening of May 7, 2007, with parents and board members. It was announced that only 9 students had enrolled for the upcoming entering class, and that the school needed an additional $1.5 million in order to get through the coming school year. The board promised the parents that they would allow the school to stay open if ten students enrolled in the incoming 2007 freshman class by May 11, 2007, and $500,000 was raised by September 1, 2007. In late August, the school board announced that a long-time major donor had backed out from a pledge because of "personal financial losses" and the school was closed.