Name: Luther Seminary
Assets Under Management: $110.6 Million (Source: Luther Seminary on 6/30/2014)
Annual Report: Luther Seminary’s 2014 Annual Report
Portfolio Insights: “Our hope and goal is that students will not only learn how to lead in today’s church, they’ll learn how to adapt to the changing nature of their ministries moving forward as well,” said Craig Koester, Luther Seminary’s academic dean. Though still in its early stages, the hope is that the flexibility of the new curriculum will make getting a first theological degree more attractive to and attainable for prospective students.” (Source)
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Top Luther Seminary Endowment Fund Headlines:
1) The Luther Seminary board of directors has elected the Rev. Dr. Robin J. Steinke to be the seminary’s next president. Steinke is the first woman to be named president in the seminary’s 145-year history. Steinke will succeed the Rev. Rick Foss, who has served as interim president since December 2012. She will take office on June 1. Steinke is currently the dean and a professor of theological ethics and public life at Lutheran Theological Seminary at Gettysburg, Penn., where she has served since 1999. She previously served as an Evangelical Lutheran Church in America (ELCA) pastor, a training manager and financial planner at American Express Financial Advisors, and a middle school band director in Marietta, Ga. (Source)
2) Located in St. Paul, Minnesota, Luther Seminary was founded in 1963, as the result of a series of mergers with other Lutheran seminaries. Their current president is Rick Foss. Luther joined the SSA in 2012, as a founding partner school.
“We already have a faculty that’s diverse across denominational lines, so these additional connections with other seminaries should benefit us as we share our understanding of the gospel with them and they share theirs with us.” – The Reverend Jim Lindus, Chair, Board of Directors, Luther Seminary. (Source)
3) The administration of Luther Seminary works toward the common purpose of making the seminary a place to learn, teach, work and study. The Luther Seminary Board of Directors is the governing body of the seminary. Pastors and lay leaders from across the country provide leadership in establishing policies and priorities. The Luther Seminary Board of Trustees provides key leadership in developing the financial support necessary to fulfill the seminary’s mission. (Source)
4) Luther Seminary is one of the eight seminaries of the Evangelical Lutheran Church in America (ELCA). Luther Seminary is accredited by the Commission on Accrediting of the Association of Theological Schools in the United States and Canada and the Higher Learning Commission. The following degree programs are approved: M.Div., M.A., M.S.M., D.Min., M.Th., Ph.D. (Source)
5) While Luther Seminary thanks God for gifts for named scholarships, endowed chairs and special funds, it is unrestricted gifts—those with no strings attached—that are most crucial to keeping the seminary running each year. Last year the Sustaining Fund and other budget-relieving gifts supported 45 percent of the seminary’s budget! By giving to the Sustaining Fund, you are making a special commitment to Luther Seminary. You are showing that you entrust the seminary’s leadership with the flexibility to use these gifts where they will have the greatest impact on the quality of seminary education our future church leaders are receiving. (Source)