From The Encyclopedia Britannica, Thirteenth Edition (1926), Volume 2:
… When Congress made an investigation in Oct. 1921, it found that the Klan had funds enough to purchase an Imperial Palace and to take over control of Lanier University.
Darling, Arthur B, Ku Klux Klan, p649
Originally a private university founded by a Baptist minister, Lanier University ran into financial problems after only a few year and subsequently was sold to the Ku Klux Klan in 1921. Though the Klan intended to grow the university, instead it failed quickly and was sold yet again.
The irony is that an original building has been a synagogue since 1949, antisemitism being a key facet of the Ku Klux Klan.
