Levitra On Review 632 Online Levitra Tablet 911 Cheapest Levitra Prices Viagra Online Paypal In Australia Viagra 50 Mg Sverige Tadacip Available In India Generic Viagra Online Pharmacy Phone Prescription Viagra Levitra Homepage Vigora 100 Discount And Viagra Viagra In Melbourne Pick Up Generic Viagra Stores Levitra Third Quarter Viagra Shipped From Within Canada Viagra Price Australia Viagra Over The Counter In Germany Online Levitra Ups Overnight Cheap Viagra Without Prescription Viagra Half Price Over The Counter Viagra Australia Women Viagra Online Australia Viagra Uk Cheapest Cheap Canadian Viagra Viagra Search Sites Find Free Viagra Super Force 100mg 100mg Pills Deal Pill Viagra Indian Name For Levitra Kamagra Paypal Payment Viagra Over The Counter In Bangkok Is Viagra Over The Counter In Mexico Canadian Pharmacy For Levitra Cialis Pill Color Make Online Pharmacy Viagra Yourself Cialis Pharmacy Paxil Sildenafil Citrate Generic Cheap Cialis Sale Online Brand Viagra Online In Australia Shipping Viagra Australia Levitra 100mg Pills Cheap Cialis Tadalafil Viagra Online Uk Paypal Buy Viagra 100mg Cheap Drug Retin Viagra Wellbutrin 25 Mg Viagra Online Gunstiges Tadacip Levitra Medication Viagra Suppliers Canada Viagra Throught Paypall Priligy In Australia Online Buy Cialis Cheap Cost Levitra Levitra With Prescription Purchase Cheap Cialis Online Priligy Dapoxetine Pas Cher Caverta Side Effects Viagra For Australia Paypal Buy Cheapest Online Place Viagra Does Priligy Work Viagra Drug Intereaction Red Viagra Pfizer Kamagra Jelly Australia Female Viagra In India Kamagra Oral Jelly Supreme Suppliers How Good Is Generic Levitra Cialis Drug Impotence Levitra Viagra Generic Levitra Without Prescription Buy Viagra Pills Viagra Uk Cheapest Buy Cialis Generic Trusted Online Pharmacy Viagra Drugs Affecting Levitra Find Viagra Free Charles Linskaill Viagra Free Samples Canada 100mg Generic Viagra Drug Drug Levitra Propecia Generic Levitra From India Online Kamagra Oral Jelly Cheap Price Of Cialis Caverta 25 Uses Generic Viagra Online Without Rx Viagra Online Free Shipping Australia Levitra Svizzera Levitra 10mg 20 Mg Lowest Price For Levitra Levitra Soft Tabs Cheapest Prescription Viagra Viagra Suppliers Online Prescription Levitra Viagra 34434 Buy Search Results Cheap Generic Viagra Silagra 100 Use Viagra Cost At Walmart Viagra Online Per Nachnahme Levitra Espanol Cialis Drug Impotence Levitra Viagra India Pharmacy Levitra Buy Overseas Viagra Priligy Medellin Viagra Without Prescription Overnight Shipping Viagra 200mg Generic Online Cheapest Cialis Prescription Viagra Online Risks Buy Soft Generic Viagra Cheapest Priligy Online Malaysia Discount Cialis Fedex Vigora 50
Trustees Address Financial Concerns

Main Menu





 gts news

New Students

Trustees Address Financial Concerns

20 May 2010

General Seminary Adopts Plan of Action to Address Financial Concerns

New York City – Meeting on May 18, 2010  in faith and with firm commitment, the Board of Trustees of the General Theological Seminary unanimously approved a plan for the Seminary to continue to carry out its mission to educate and form leaders for the church in a changing world [please scroll down for the Resolution which details the plan].  Following the meeting the Rev. Canon Denis O’Pray, chair of the Board of Trustees, said, “The church should know that with the realization of this plan, the continuance of Seminary operations is assured for the next several years, during which time longer range financial planning can be put in place.”

With the presence, support and blessing of Presiding Bishop Katharine Jefferts Schori, the Trustees approved a resolution which:

  1. Created a $10 million operating reserve fund to provide a period of needed financial stability. This fund is established through special philanthropic efforts, which have already resulted in $1.5 million in firm commitments and, if necessary through the sale of up to four residential apartments in the Seminary building known as Chelsea 2, 3, and 4.  The Trustees approved the steps needed to turn this property into condominiums for possible sale. They have an estimated value of $8-10 million. The apartments under discussion have been rented to outside tenants for the last six years and have never been used for Seminary purposes. The Seminary will have right of “first refusal” when the apartments are offered for sale by the future purchasers.
  2. Called for the renegotiation of part of the Seminary’s loan package to reduce interest payments and permit more manageable cash flow.
  3. Announced that the Seminary will proceed to call a new interim Dean and President to take office later this summer (the Seminary’s current Dean having announced in December 2009 his intention to retire). A Special Meeting of the Board is scheduled for June 9th for further deliberation on this important appointment.
  4. Committed the Board to pursue all productive avenues for conversations with other seminaries and institutions of The Episcopal Church to consider creative collaborations and common programs. Such conversations have already begun.

“I am most gratified by the Board’s decisive action as well as the participation of our Presiding Bishop in the discussion,” said the Very Rev. Ward B. Ewing, Dean and President of GTS.  “The plan represents a very positive way forward.  I am delighted that it was received with unanimous approval.”

# # #


Media Contact:
Bruce Parker
Executive Director of Communications
The General Theological Seminary
175 Ninth Ave. New York, NY 10011
(212) 243-5150 x285
This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it.


440 West 21st Street, New York City, NY 10011   |   tel (212) 243-5150  fax (212) 727-3907

The General Seminary of the Protestant Episcopal Church is a tax exempt organization under section 501(c)(3) of the Internal Revenue Code.

hackerninja.com security badge