CDSP vows to reduce deficit, grow into new model of theological education
Saying it must reverse a trend of annual deficits and restructure to meet the changing needs of theological education, the Church Divinity School of the Pacific's board of trustees agreed Oct. 14 to increase and broaden enrollment, increase annual giving and reduce its 11-member faculty.
The seminary has run annual operating deficits for several years. The current fiscal year the deficit is $1.4 million on a $4 million budget. The budget includes the cost of being a member of the Graduate Theological Union, of which CDSP is a founding member.
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The seminary has run annual operating deficits for several years. The current fiscal year the deficit is $1.4 million on a $4 million budget. The budget includes the cost of being a member of the Graduate Theological Union, of which CDSP is a founding member.
Read it all.
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