ELCA seminaries responded to lagging church support and declining endowment fund values with cost-saving measures, as reported by the ELCA News Service.
• The Lutheran School of Theology at Chicago cut $400,000 from its 2008-09 budget and $1 million from its 2009-10 budget, eliminating or suspending seven staff and one faculty member and cutting salaries.
• Luther Seminary, St. Paul, Minn., eliminated four positions and six of its 13 master’s of arts programs. Five staff took voluntary retirement and others took pay cuts or will forego pay increases in 2009. The school is also studying changes to its health-care benefits.
• Lutheran Southern Seminary, Columbia, S.C., eliminated five support staff positions, reduced salaries and pensions, began renegotiating financing of student housing, but will not increase 2009-10 tuition.
The rest of this article is only available to subscribers.
© 2014 Augsburg Fortress, Publishers