Phillips Theological Seminary is a 501c3 not-for-profit corporation in the state of Oklahoma (IRS determination available upon request). The seminary is committed to responsible, ethical stewardship of the funds entrusted to us.
At the close of the 2009/10 fiscal year (June 30, 2010):
- The book value of seminary assets was $47.4 million.
- The total endowment (permanent and temporarily restricted) was market valued at nearly $30 million. The trustee-authorized endowment spending rate was 4.75%.