Winter 2006 Rapport: Development Outlook
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Palma Endows Scholarship
By Dr. Anthony D. Palma
Dr. Anthony D. Palma
has served AGTS in capacities ranging from vice president
of academic affairs (1981-1986) to professor emeritus
(current) since the school’s
inception in 1973.
My conversion from Roman Catholicism as a mid-teen
began with searching the Scriptures and realizing that some things
I had been taught were either absent from Scripture or contrary
to Scripture. My love for the Word of God increased over the
years, especially after I studied Hebrew and Greek. My study
of Greek, especially, has enriched me personally as well as my
teaching and preaching ministry.
I have sought to instill in students
a love for the Scriptures and a desire to understand and expound
them better. The scholarship was established as an expression
of my confidence in AGTS’s
mission of preparing students for effective ministry and to
provide an incentive to students who are seriously involved
in studying New Testament Greek.
My firm conviction is that
a person’s ministry will be
more effective if it includes a faithful exegesis, exposition
and application of God’s Word, regardless of the specific
nature of that ministry (pastor, evangelist, teacher, missionary,
I have always been grateful for the privilege of
having served the seminary from its earliest days both as a professor
and as an academic administrator.
What is an endowment?
are gifts that are placed into an account that is invested in perpetuity
to generate earnings to provide student scholarships.
Do I have
to be an alumnus to set up an endowment?
No, we have
many endowed scholarships established by donors who have never
taken a class at AGTS, but believe in higher education and in
the vision of the seminary to shape servant leaders to revitalize
the church and evangelize the world in the power of the Spirit.
manages the endowment?
Funds are invested at Assemblies
of God Financial Services Group by the AGTS Board of Directors
Finance Committee. The spending policy is set at 5% which means
that any earnings above the 5% are put back into the endowment
to compensate for inflation.
How is an endowed fund established?
an endowment is established with a gift of $10,000 or more. However,
you can establish an endowment with a minimum of $1000 and scholarships
are awarded when the fund reaches $10,000. The donor may set up
specific criteria on who is eligible to apply for the scholarship.
I give to an existing endowment scholarship fund?
Yes! While named endowed funds require minimum amounts, gifts of any
amount may be added to an existing endowed fund.
For more information on establishing endowments, contact the
Development Office at (417) 268-1012 or firstname.lastname@example.org.
Friday, December 2, 2005 4:26 PM