I managed to resolve this issue. You may view it as a bug. I was pasting my desired font text color into the location where the color is specified (next to the default button). However, when i paste the value is want it does not apply the change (even when i click outside the placeholder for the color). The only way i could get it to work was to first select a color with the color widget provided, then paste my value in. When done in that order it then applied the color and allowed me to save the change.
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