Annual Fund. The $762,500 for fiscal 2013/14 required to meet our operating budget enables the seminary to offer scholarships to over 90% of our students, to pay fair salaries and benefits, to maintain the building, and to keep the library collection up to date and in order. Gifts of any amount are always welcome for the Annual Fund.
A gift of at least $1,000 may be designated as a named Annual Fund scholarship. An Annual Fund scholarship is given to one or more students within an academic year (as distinct from an endowed scholarship from which a portion of the earnings is expended for scholarship, with the principal amount left invested to generate a scholarship from year to year).
For more information, please contact, Malisa Pierce, Annual Fund Program Director.
Endowments. In order to ensure a bright future for Phillips Theological Seminary, it is important to add funds to the endowment. Currently, 52 percent of the seminary’s budget is funded from the endowment.
A gift of any amount may be added to the endowment. There are many opportunities to give named gifts, such as:
- faculty chairs
- library books
- student scholarships
- gifts that could be named in honor of or as a tribute to someone
Undesignated gifts are also welcome. Donors have given to the endowment from many sources, including but not limited to:
- the sale of stocks
- life insurance
- other investments
Beginning January 1, 2006, through the Bridges of Faith Campaign, any new gifts added to the endowment (not counting payments on pledges made before that date), are being matched, dollar for dollar, from a trust established by Mr. Chester Cadieux, Phillips Board Chair emeritus, and his wife Debbie.
Over the years, Phillips has received many gifts to fund both donor-designated and “where needed most” causes through planned gifts. As part of the Generation to Generation society, over 80 persons have named Phillips Theological Seminary in their estate plans. For more information, please contact Ginny Walker, Stewardship Director.