Donor Report 08-09

8/14/2019 Donor Report 08-09

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The Donor’s Report July 1, 2008 - December 31, 2009

8/14/2019 Donor Report 08-09


This donor’s report is a transitional version o the seminary’s

annual report. It is dierent in three very distinct ways.

The frst way is that this is an 18-month report instead o the

usual 12 months. This is the result o an intentional desire to create

a more donor-riendly report in the uture by changing rom a fscal

year report to a calendar year report. Next year, plans are in place

to have a January-December 2010 report. Please bear with us as we

make the transition in our reporting to you and also keep in mind

that this report is or July 1, 2008 - December 31, 2009.

The second transition is that or the frst time, the report is

primarily an electronic publication available at www.ltss.edu. In

an eort to help save the earth’s resources, and the gits you have

entrusted to the seminary, the report is not being mass produced and

mailed. A limited amount o printed copies are available by calling

803-461-3296 or sending an email to [email protected].

The third is the separation o the report to donors and the lists

o donors. This separation enables you to download the documentsmore quickly and makes them more printer-riendly i you choose to

do so. The documents also have a search eature to help you easily

fnd the inormation that is most important to you. You may view

each o these documents at www.ltss.edu/donorreport.

About the

Donor’s Report

8/14/2019 Donor Report 08-09


Dear Friends,

Greetings in the name o Jesus, the Christ.

We could not have done it without you.

I am always careul about sentences like that since itis oten easy to overstate the case and overestimate thepresent at the expense o the past. But the sentence is true.Without your help, without your gits, without your wordso encouragement, without your advocacy or the seminary,without your invitation to others to be donors, I simply don’tknow how we would have been able to continue through thepast eighteen months.

During the past eighteen months, we have seen a decline in

synodical support and the yield rom invested unds has nearlydisintegrated. Our students continue to shoulder their portiono the load through tuition payments (oten made with studentloan money), aculty and sta have taken voluntary 10%salary reductions, and we deer maintenance to another time.

Your generous gits, though, have flled enough o the vacuum so that our mission o teaching,orming, and nurturing women and men or public ministry continues. And we are not just limpingalong – this mission continues in strength with proessors who are dedicated to preparing the best leaderor service and a sta that learns every day how to do more with less and work together to support thework o the seminary.

Thank you seems too small a comment to make, but I know no other words. You have made adierence: in the lie o the Seminary, in the lives o students, in the vocation o dedicated teachers o thchurch, and in the well-being o the church.

We trust God’s promises and this year you have been a part o the way in which the promise o 2Corinthians 8.9 has been ulflled or us:

“God is able to provide you with every blessing in abundance, so that by always having enough o everything, you may share abundantly in every good work.”

Thank you or being a part o God’s providence and may we learn rom your example how to shareabundantly with others.

In Christ,

Marcus Miller, PresidentLutheran Theological Southern Seminary

From the President

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It’s no secret that the 18 months represented in the report

represent one o the worst global economic environments in almost a

century.

However, things are not all bleak or Southern Seminary.

Your gits enabled the seminary to make signifcant gains in key

areas, including overwhelming support o the New Lie Fund, the

seminary’s annual und or operational support. You helped lessen

the blow caused by the major decline in endowment income. Thankyou!

In the areas the seminary can most control, like Gits and Grants,

Operations, Tuition and Fees, you see stability and growth. It’s our

goal to keep this momentum going as we look orward to a more

stable and growing economic climate.

It is also important to note that the rise in tuition income in

2009 was not due to tuition increases (your seminary’s Trustees

acted boldly to reeze tuition and rent levels to lessen the burden

on our uture Christian leaders), but rather an increase in student

enrollment. Thanks be to God!

While it’s not all good news, please take a moment celebrate with

the seminary and the 1,960 other donors in the success that you have

enabled or this special place.

You make the seminary what it is today—a place to teach, orm,

and nurture the uture leaders o Christ’s Church.

LTSS at a Glance

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Resource Stewardship

By The Numbers*

Sources of Support $1,004,383Total Gits the New Lie Fund

$2,109,834Gits or Endowed Scholarships &

Student Assistance

29%Alumni Giving Percentage

4,708Gits made to the seminary

1,961Total donors to the seminary(1,268 to the New lie Fund)

$386.60Average Git Amount to

the New Lie Fund

* Data rom July 1, 2008 - December 31, 2009

Student Education & Support Programs$1,853,714

Student Support & Administration$1,466,793

Grants & Scholarships$400,000

Physical Plant & Maintenance(including debt service) $1,230,831

$4,951,338

2009-2010 Budget

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September 2008

162 students begin the academicyear, a 5% increase rom the

previous year. As the year begins,the seminary community held a Rite

o Naming and Dedicating or theHillcrest Apartment Complex. At the worship service and ceremony,the playground and 12 apartmentswere named ater seminary donorsand riends and was representativeo more than $1.2 million o gits.

December 2008

With the world’s economy reeling,donor gits pour in to help oset losses rom endowment income.

Total calendar year 2008 gitsto the New Lie Fund reached $469,200.97 by 880 donors.

January 2009

The seminary’s operating budget iscut signifcantly, eliminating 20%o non-classroom sta positions.

Over 80% o the remaining acultyand sta voluntarily agree to a

10% pay reduction and reductionin pension contributions.

March 2009

May 2009

Anniversary classes gave gits in

excess o $35,000 at Alumni Day.The ollowing day 41 women and men received theological degreesat commencement , including 2honorary degrees to President

Michael Creed Maxey o RoanokeCollege and Bishop Philip Lok Oi

Peng o the Lutheran Church o Malaysia and Singapore.

June 2009

Grants or seminary operational support rom St. Paul LutheranChurch, Columbia, SC, and theCharles A. Cannon CharitableTrusts totalling a combined $150,000.

As the fscal year ends at the end o June, donors give total gits o $709,546 to the New Lie Fund, a43% increase rom fscal year 2007-2008. This represents the best yearon record or the New Lie Fund.

September 2009

168 students begin the Fall

semester, a 3% increase rom the previous year. For the second

straight year, the seminary takessignifcant strides in reaching the

an enrollment goal o 200.

October 2009

The Board o Trustees adoptsa proposal to create a seminaryutures group to develop a neweconomic model or theological education at LTSS. The committeewill report back the board o trustees at the March 2010 meeting.

December 2009

During 2009, $700,449.86 was given by 1,028 donors to

the New Lie Fund, a 34% increasein dollars and 14% increase in

donors rom calendar year 2008.

July 2008

With momentum rom the 2007-2008 fscal year, which was at the time the second best year onrecord or the New Lie Fund at $407,651, the seminary is hopeul

or a prosperous 2009 fscal yearto include growth o annual gitsto the New Lie Fund, growththrough endowment income, and accelerated debt retirement on theHillcrest Apartment Complex.

18-Month Timeline

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From the Chair of the Board of TrustDear Friends o Southern Seminary,

In the 1970s Andrew Gold wrote a popular song entitled,“Thank You or Being a Friend.” His song captures mygratitude or your riendship with Southern Seminary.

The recent global economic crisis has proven to be awake up call to Southern Seminary’s Board o Trustees. Atour October retreat we suraced a number o issues needingattention. To address these issues, we directed “that the Pres-ident and Board Chair orm a uture’s committee to developa new economic model or theological education at LTSS.”This committee’s initial meeting was held on December 2. Afnal report is due to the LTSS Board at its March meeting.

Your continuing riendship will be vital to the implemen-tation o our new economic model, because we cannot counton increased support rom either churchwide or synodicalsources. Neither can we turn to large tuition increases.

How can you help? Here are some possibilities:• Increase your contributions to the New Lie Fund. Thanks to you, in recent years your gits have

grown this und to the $500,000 level. We need to double this response.• Make another riend o LTSS. Invite others to join you on an annual basis in designated support

o Southern Seminary.• I you are an LTSS graduate, encourage another graduate to become a riend through contribu-

tions to the Annual Fund.• Advocate with your congregation to add an LTSS line item in your congregation’s annual budget.

Help your congregation to become a more active riend o LTSS.• Include Southern Seminary in your estate plans.

“All This and Heaven Too” was the name o Andrew Gold’s album that included “Thank You orBeing a Friend.” The album title reminds me o God’s amazing grace that surrounds and empowers usin this lie and ushers us into the lie to come. I thank God or these and all good gits, even as I thankGod or your gits already given and your willingness to raise new riends o Southern Seminary.

Your seminary board is committed to these and other initiatives that will strengthen our seminary in

its mission “to teach, orm, and nurture women and men or public ministry in a context that is Christ-centered, aithully Lutheran, and ecumenically committed.” Thank you or being a riend o SouthernSeminary!

Your Friend,

William B. Trexler, ChairLutheran Theological Southern Seminary Board o Trustees

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Ways To Give Undesignated GiftsUndesignated gits support thegeneral operating expenditureso the seminary. These gits helpthe seminary today as undsare applied to current fnancialpriorities.

Pledges

Monetary gits may be pledgedover a period o time that thedonor arranges with the semi-nary.

Designated GiftsDonors may designate theirgits or a particular purpose orprogram, and the seminary ap-plies those unds in accordancewith the giver’s stipulations.Common designations includescholarships, aculty chairs, andperpetual unds that provide an-nual operating unds.

Stocks and SecuritiesLong-term appreciated securi-ties or stocks are a convenientmethod o contribution and maybe advantageous to the donor

pursuant to IRS regulations.Gits o stocks and securities canbe designated or undesignated asthe donor chooses.

Real PropertyMarketable real estate, personalproperty, long-term capital as-sets, or gits in kind o estab-lished value may be contributedwith tax benefts accruing to thedonor. As with any other git,the purpose can be designated orundesignated.

Planned GiftsMany o our donors choose tomake legacy gits through ben-efciary arrangements on new orexisting lie insurance, annuities,IRAs, and other retirement pro-grams. Other donors include theseminary in their last will andtestament. Donors who desireto receive income rom an assetduring their lietimes and leavea remainder at the end o theirlives oten choose to use a Chari-table Git Annuity or a Chari-table Remainder UniTrust. Bothvehicles provide tax deductibilityor eligible donors and an in-come stream or the donors oras long as they live. The semi-nary is the benefciary o several

o these planned charitable giv-ing vehicles through the ELCAFoundation and the LutheranCommunity Foundation.

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Giving Societies Reports Annual Givingby Individuals

The Rev. John BachmanClub, $10,000+

17 members, gave $660,658.95,including 9 giving $143,854.93

to the New Lie Fund

Founders’ Club, $5,000+14 members, gave $91,447.90,including 10 giving $46,276.00

to the New Lie Fund

Trustees’ Club, $1,000+147 members, gave $238,968.94,including 105 giving $140,759.94

to the New Lie Fund

Presidents’ Club, $500+111 members, gave $74,493.90,

including 87 giving $53,203.00to the New Lie Fund

Deans’ Club, $250+141 members, gave $45,852.61,including 119 giving $37,031.61

to the New Lie Fund

Faculty Club, $100+524 members, gave $69,454.14,including 393 giving $49,643.00

to the New Lie Fund

Stewards’ Club, $1+603 members, gave $21,774.15,including 404 giving $14,297.65

to the New Lie Fund

The Greever Societyfor Lifetime Giving

Visionary Club, $100,000+23 members have given lietime gits

totaling $36,643,914.05

Sustainer Club, $50,000+76 members have given lietime gits

totaling $14,379,618.65

Founder Club, $25,000+140 members have given lietime gits

totaling $7,043,177.94

Other Gifts

Southern Legacy Society189 members have arranged a planned

git to the seminary

Estate, Foundation, &Trust Gifts

39 estates, oundations, and trustsmade gits to the seminary since July

2008, totaling $2,225210.16

Businesses, Corporations,and Other Groups

27 businesses, corporations, and other groups made gits totaling $85,216.94

Alumni Giving474 alumni gave $401,986.58

including $265,861.47 to theNew Lie Fund

Annual Givingby Religious

Organizations

The Rev. John BachmanClub, $10,000+

12 groups, gave $1,808,003.59,including 9 giving $1,90,178.37

to the New Lie Fund

Founders’ Club, $5,000+2 groups, gave $$14,326.39,


Trustees’ Club, $1,000+38 groups, gave $74,448.73,


Presidents’ Club, $500+43 groups, gave $24, 274.33,


Deans’ Club, $250+26 groups, gave $7,946.10,


Faculty Club, $100+32 groups, gave $4,707.06,including 19 giving $2,644

to the New Lie Fund

Stewards’ Club, $1+25 groups, gave $763.00

including 19 giving $548.00to the New Lie Fund

8/14/2019 Donor Report 08-09


Faculty The Rev. Dr. Marcus J. Miller

President

The Rev. Dr. Virginia C. BarfeldDean and Vice President

o Academic Aairs

The Rev. Dr. Daniel M. Bell Jr. Proessor o Theological Ethics

The Rev. Dr. Julius Carroll

Associate Proessor o Contextual Education

Dr. I. Brent DriggersAssociate Proessor o New

Testament

The Rev. Dr. Daryl S. EverettDewey F. Beam Proessor o

Pastoral Care

Dr. Lynn A.Feider Director o the Library &Proessor o Bibliography

The Rev. Shauna HannanAssistant Proessor o Homiletics

The Rev. Dr. Mary B. HavensH. George Anderson Proessor o

Church History

Dr. Robert D. HawkinsLeonora G. McClurg Distinguished

Proessor o Worship and Music,Dean o Christ Chapel

The Rev. Dr. Lamontte M. LukerProessor o Hebrew Scriptures

Dr. Susan W. McArver

Proessor o Church History &Educational Ministry, Director o Center on Religion in the South

The Rev. Dr. Brian K. PetersonAssociate Proessor o New

Testament

Dr. Michael J. Root

Proessor o Systematic TheologyThe Rev. Dr. James Thomas

Associate Proessor o Church &Ministry, Director o

Arican American Ministries, NorthCarolina Lutheran Men in Mission

Proessor o Bible o Mission

Dr. David S. YeagoMichael Peeler Proessor o

Systematic Theology

Fall 2009 Enrollment Enrollment: 167

112 Full-time 55 Part-time

Programs of Study116 Masters o Divinity

26 Master o Arts in Religion

7 Master o Sacred Theology18 Non-degree or other

Ecumenical StudentBody:

118 ELCA22 United Methodist

17 Baptist4 Episcopal1 Catholic

1 Presbyterian

4 Other

Diverse Enrollment:101 men

66 Women139 Caucasian

24 Arican-American2 Asian

1 Tanzanian1 Swedish

Widespread Ministry:24 ELCA Synods are represented

Region 9 Synods:30 South Carolina29 North Carolina

20 Southeastern11 Florida-Bahamas

4 Virginia

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From the DeanTo All o Our Partners in Mission,

It is a privilege to pause and thank each o you or yourparticipation in this ministry we have at Lutheran Theologi-cal Southern Seminary.

Each o you help us daily as we “teach, orm, and nur-ture women and men or public ministry in a context that isChrist-centered, aithully Lutheran, and ecumenically com-mitted.”

As I gazed out my ofce window a ew weeks ago, Isaw the blue sunlit sky and the campus was airly emptyand quiet. The three J-term courses were nearing their end;some students were literally spread across the globe and thenation as they participated in cross cultural experiences; andaculty were reading and writing in preparation or the starto a new semester.

Now, this campus has come to lie again. The 70 stu-dents who were new in the all semester have returned withthe nearly 100 colleagues who walked with them through their frst classes. An invigorated acultywalks into newly arranged and reshened classrooms to do what they do better than many couldimagine. The sta and administration are once again reminded why we do what we do.

The sky is still blue and sunlit and the winter chill hangs on, but the spring semester is in ull

swing and the campus is once more ull o lie. Seniors just received their regional frst call assign-ments and middlers await internship site announcements.

Your contribution may have paid a portion o tuition or the junior who traveled to a Hon-duran village to assist in a medical clinic and help repair homes. The endowment und providedby your amily may have assisted one o our proessors as she researched the material that is nowpart o a brand new course oering. Your gracious git may have paid the power bill that kept thelights on and the computer running in my ofce. Your git may have helped control the cost o continued lunch service in the reectory.

Some o these things may not seem that glamorous to you, but to those o us who live, work,

play and pray here on campus, these gits are our lieblood.

Your encouragement, gits, and prayers make all o these lie moments possible or all o us.For you and your generosity, we oer out thanks to God.

Sharing in Christ’s service,

Ginger BarfeldDean and Vice President o Academic AairsLutheran Theological Southern Seminary

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4201 Main Street, Columbia, SC 29203-5863803.786.5150 www.ltss.edu

The Seminary’s Mission:To teach, orm, and nurture women and men or public ministryand Christian leadership in a context that is Christ-centered,

i h ll L h d i ll i d

Donor Report 08-09

Documents

Transcript of Donor Report 08-09