The 151-year-old San Francisco Art Institute will no longer function as a college and will not offer degrees after the collapse of its planned merger with the University of San Francisco. Officials from the two private nonprofit institutions announced in February they had signed a letter of intent for U of San Francisco, a Jesuit school, to acquire the institute’s assets, which include its property and its art and film collections. But “several critical issues emerged” that derailed the deal, U of San Francisco leaders said in a statement Friday.
