Name: Princeton Theological Seminary
Assets Under Management: $1.10 Billion (Source: Princeton Theological Seminary on 6/30/2012)
Portfolio Insights: “Princeton Theological Seminary (the “Seminary”), established in 1812 by the Presbyterian Church, is a privately endowed coeducational institution of higher education operating exclusively at the post-graduate level. It offers professional preparation for persons who contemplate service in religious occupations, including various forms of chaplaincy, in educational settings, and in certain types of social agencies. The Seminary draws its students, faculty, and staff from a wide range of religious traditions. Its purpose is not to inculcate a particular denominational perspective, but rather to enable each individual to serve effectively in the tradition and in the form of occupation that he or she has selected.” (Source)
Our team, the Endowment Fund Association (EFA) and Endowments.com is the #1 community and most visited website dedicated to endowment fund professionals. We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help, and also provide Endowment 500 research and Endowment Database Solutions.
Top Princeton Theological Seminary Endowment Fund Headlines:
1) Princeton, NJ, April 1, 2014–Princeton Theological Seminary received a $1.1M grant from Lilly Endowment Inc. to fund a study of confirmation practices in five North American Protestant denominations—the United Methodist Church, the Presbyterian Church (USA), the Evangelical Lutheran Church in America, the Episcopal Church, and the African Methodist Episcopal Church.
The Confirmation Project, Christian Youth: Learning and Living the Faith, will explore the effectiveness of confirmation and equivalent practices for strengthening discipleship in youth. It will also provide churches with examples of strategies and practices to help young Christians grow as disciples of Jesus Christ. (Source)
2) Princeton Theological Seminary recently issued $76.1M in new taxable corporate bonds to refund old bonds and repay outstanding credit, used to build a new library. The new offering is made up of 14 different bonds due between 2014 and 2026, in addition to a large $41M 20-year issue.
The new Princeton Theological Seminary bonds originally had a sale date of July 15, 2013, and were originally expected to be $85.7M. The issue date was September 26, and their dated date was October 3, for $76.1M. (Source)
3) Princeton Theological Seminary, the largest seminary associated with the Presbyterian Church (U.S.A.) and the second-oldest seminary in the United States, laid off 21 employees this week. Asked whether the layoffs were due to economic reasons, Barbara Chaapel, the school’s director of communications, cited the school’s strategic plan, which was developed in 2012.
“The Seminary adopted a new strategic plan last year and it is reallocating both human and other resources in order to implement the plan,” Chaapel wrote in an email. “While the number of employees was reduced this week, we expect to fill new positions that are necessary to help achieve our vision for our future.” (Source)
4) The Frederick Buechner Center and Princeton Theological Seminary are pleased to announce the inaugural Frederick Buechner Writer’s Workshop. Slated for June 9–12, 2015 at Princeton Seminary, best-selling author and theologian Barbara Brown Taylor, will headline the event. Registration information is forthcoming and will be available on the web sites of both organizations.
“This event is designed to appeal to writers who, like Buechner, think honestly about their Christian faith and are not afraid of where that thinking will take them,” said Brian Allain, Buechner Center spokesperson. “We are honored to have Barbara Brown Taylor, accomplished author and preacher, as the featured speaker for the event. She was recently compared to Buechner in a Time profile.” (Source)
5) The financial aid counselor at Princeton Theological Seminary can assist in supplying facts pertaining to the kinds of financial aid available, in addition to private student loans for which you may be suited. Here you can start the application for a private student loan to study at Princeton Theological Seminary. (Source)