Summer 2009 Rapport: Development Outlook
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AGTS receives $500,000 from Kern Family Foundation
AGTS was awarded a $500,000 grant from the Kern Family Foundation in Waukesha, Wis.
The grant is part of a new matching-grants initiative by the Kern Family Foundation, titled “Leading Through Change: Innovation in Theological Schools.” The purpose of the initiative is to strengthen evangelical seminaries accredited by the Association of Theological Schools through fresh thinking about how theological teaching, learning, research, governance and administration are done.
AGTS is one of five seminaries across the nation selected to receive matching grants of up to $500,000. In 2008 the foundation awarded AGTS a $30,000 planning grant for this initiative. AGTS President Byron D. Klaus said, “This significant grant will help AGTS in its continuing quest to be effective in providing our supporting public with church leadership capable to lead in challenging times.”
New grant increases endowment to $50,000
The V. Eugene and Rosalie DeFreitas Charitable Foundation awarded AGTS a second grant of $25,000 to increase their endowed scholarship fund for missionaries to $50,000. The endowment provides financial assistance to returning students who are preparing for the mission field or are currently appointed as missionaries to foreign countries.
AGTS graduate is first to benefit from AG Trust
Steve (M.A. 2008) and Rachel Campbell are the first recipients to benefit from the AG Trust’s Next Generation Fund, which enables young people to go directly into full-time ministry by paying a portion of their school loan bills.
Thanks to this financial help, the Campbells won’t have to wait until they have paid off their student loans to become missionaries. See a video about their story at www.agts.edu/more
Tuesday, August 11, 2009 1:05 PM