Rice University is going through something like that now.
The founder, William Marsh Rice, had in the charter for the university to offer free education to the white inhabitants of Houston, and Texas. He had made a lot of his money during the Civil War, importing goods from Mexico. The charter was changed in the 60’s I believe to allow any color student free access to the university. Then, in the 80’s, they started charging tuition.
His remains were in the “Founders Court”, with a statue of him as well.
After the druggie criminal Floyd BS, the students, and of course faculty and board of directors, got all verklempt and have voted to remove him - so they’ve done so. They’re redoing the entire quad now.
/Funny story, when the university voted to start charging tuition, a group of students built an A-frame lift, practicing on lifting a VW Beetle (oh no! Hitler!), and in the dead of night picked up the statue, turned it 180 degrees around so his back was to the admin building Lovett Hall, as the students felt the university was turning its back on his intention.
The university hired and engineering firm (Brown & Root, I believe), to turn it back around, and they bent the foundation rods/pins trying to put him back right.
https://www.texastribune.org/2023/11/30/rice-university-founder-statue-remains/