Indianapolis-based Lilly Endowment Inc. has announced more than $12 million in funding to help theological schools throughout the country deal with student debt-related issues. The endowment says some seminary graduates are burdened with loans of more than $100,000. Five Indiana schools are among the funding recipients. December 2, 2013
INDIANAPOLIS – Lilly Endowment Inc. has awarded more than $12.3 million for 51 theological schools across the United States as part of the second round of its Theological School Initiative to Address Economic Issues Facing Future Ministers.
Recent research indicates that student educational debt in excess of $30,000 is not uncommon for seminary graduates, and some students are graduating from seminary with loans of more than $100,000. The financial pressures caused by these debt levels severely limit the ability of seminary graduates to accept calls to Christian ministry and undermine the effectiveness of too many pastoral leaders.
To help address this issue, Lilly Endowment created the Theological School Initiative to Address Economic Issues Facing Future Ministers. The initiative’s aim is to encourage theological schools to examine and strengthen their financial and educational practices to improve the economic well-being of future ministerial leaders.
“The Endowment believes that pastors are indispensable spiritual leaders and guides, and the quality of pastoral leadership is critical to the health and vitality of congregations,” said Christopher L. Coble, the Endowment’s vice president for religion. “Financial hardships can make it difficult for pastors to lead their congregations effectively.”
The Endowment conducted an experimental pilot of the Theological School Initiative to Address Economic Issues Facing Future Ministers in 2012. Grants were given to 16 theological schools to develop programs to improve the economic well-being of their students and graduates.
The promising programs created by these grantees led the Endowment to offer a larger, second round of this initiative in 2013. All theological schools fully accredited by the Association of Theological Schools in the United States and Canada (ATS) that did not receive grants in the first round were invited to submit grant proposals. 49 grantees representing 51 theological schools were awarded grants. Nearly one-quarter of all ATS schools have received funding in rounds one and two of this initiative.
“Theological schools are uniquely positioned to address the educational debt issue and to lead broad efforts to improve the financial circumstances facing pastoral leaders,” Coble said. “Our hope is that these grants will help them build relationships with church organizations and others to lessen the debt burden and increase support for future ministers.”
Theological schools will pursue a range of activities that include: examining new models for financing theological education, exploring ways to reduce the number of hours it takes to complete degree programs, advising students on how to lower the amount of money they borrow, broadening sources of scholarships and financial aid, and creating distance learning programs. Many schools will create programs to improve their students’ personal financial literacy and ability to help manage congregational funds. Efforts also will be made to raise awareness of this issue among pastors, congregations and other constituents.
To coordinate the efforts of the theological schools participating in this initiative, the Endowment also awarded a grant to ATS. ATS will monitor the progress of each program, convene project leaders and stakeholders to share insights with one another, and organize working groups to explore specific challenges faced by the theological schools in implementing their programs.
Grant recipients from the first and second rounds of this initiative include:
Anabaptist Mennonite Biblical Seminary, Elkhart, Ind.; $248,324
Anderson University School of Theology, Anderson, Ind.; $248,772
Andover Newton Theological School, Newton Centre, Mass.; $239,050
Aquinas Institute of Theology, St. Louis, Mo.; $249,700
Asbury Theological Seminary, Wilmore, Ky.; $249,741 (2012)
Ashland Theological Seminary, Ashland, Ohio; $236,544
Austin Presbyterian Theological Seminary, Austin, Texas; $224,906 (2012)
Bethany Theological Seminary, Richmond, Ind.; $249,954
Boston University School of Theology, Boston, Mass.; $250,000
Brite Divinity School at Texas Christian University, Ft. Worth, Texas; $250,000
Calvin Theological Seminary, Grand Rapids, Mich.; $250,000
Candler School of Theology of Emory University, Atlanta, Ga.; $250,000 (2012)
Catholic Theological Union, Chicago, Ill.; $250,000 (2012)
Central Baptist Theological Seminary, Shawnee, Kan.; $250,000
Concordia Seminary, St. Louis, Mo.; $249,151
Concordia Theological Seminary, Ft. Wayne, Ind.; $250,000 (2012)
Denver Seminary, Littleton, Colo.; $250,000
Duke University Divinity School, Durham, N.C.; $250,000
Earlham School of Religion, Richmond, Ind.; $248,948
Eastern Cluster of Lutheran Seminaries, Gettysburg, Pa.; $750,000
Comprising three seminaries:
• Lutheran Theological Seminary, Gettysburg, Pa.
• Lutheran Theological Seminary, Philadelphia, Pa.
• Lutheran Theological Southern Seminary of Lenoir-Ryne University, Columbia, S.C.
Eden Theological Seminary, St. Louis, Mo.; $247,733
Episcopal Divinity School, Cambridge, Mass.; $250,000
Fuller Theological Seminary, Pasadena, Calif.; $250,000
George W. Truett Theological Seminary of Baylor University, Waco, Texas; $249,132
Gordon-Conwell Theological Seminary, South Hamilton, Mass.; $250,000 (2012)
Grand Rapids Theological Seminary of Cornerstone University,
Grand Rapids, Mich.; $117,575
Howard University School of Divinity, Washington, D.C.; $250,000
Iliff School of Theology, Denver, Colo.; $249,982
James and Carolyn McAfee School of Theology of Mercer University,
Macon, Ga.; $249,251 (2012)
Lancaster Theological Seminary, Lancaster, Pa.; $248,150 (2012)
Lexington Theological Seminary, Lexington, Ky.; $250,000
Louisville Presbyterian Theological Seminary, Louisville, Ky.; $249,992
Luther Seminary, St. Paul, Minn.; $239,500
Lutheran School of Theology, Chicago, Ill.; $250,000
Memphis Theological Seminary, Memphis, Tenn.; $249,371 (2012)
Mount St. Mary’s Seminary, Emmitsburg, Md.; $250,000 (2012)
Nazarene Theological Seminary, Kansas City, Mo.; $250,000
New Brunswick Theological Seminary, New Brunswick, N.J.; $250,000
New Orleans Baptist Theological Seminary, New Orleans, La.; $250,000
New York Theological Seminary, New York, N.Y.; $250,000
North Park Theological Seminary, Chicago, Ill.; $249,550 (2012)
Northern Baptist Theological Seminary, Lombard, Ill.; $250,000
Oblate School of Theology, San Antonio, Texas; $250,000
Payne Theological Seminary, Wilberforce, Ohio; $250,000
Perkins School of Theology Southern Methodist University, Dallas, Texas; $249,981
Regent University School of Divinity, Virginia Beach, Va.; $250,000
St. John’s University School of Theology∙Seminary,
Collegeville, Minn.; $249,873 (2012)
Samuel DeWitt Proctor School of Theology of Virginia Union University,
Richmond, Va.; $250,000 (2012)
Seattle University School of Theology and Ministry, Seattle, Wash.; $250,000
Seminary of the Southwest, Austin, Texas; $250,000
Sioux Falls Seminary, Sioux Falls, S.D.; $249,750
Talbot School of Theology of Biola University, La Mirada, Calif.; $250,000
Trinity Evangelical Divinity School of Trinity International University,
Deerfield, Ill.; $250,000
Trinity Lutheran Seminary, Columbus, Ohio; $250,000 (2012)
Union Presbyterian Seminary, Richmond, Va.; $250,000 (2012)
United Theological Seminary, Dayton, Ohio; $250,000
United Theological Seminary of the Twin