Alexandria, Va.- Virginia Theological Seminary (VTS) announced today the publication of The Annual Report 2013-2014
. Previosuly part of the annual Seminary Journal
publication, the new stand-alone Annual Report is a transparent account of the Seminary's health for the previous fiscal year (July 1, 2013 - June 30, 2014).
"VTS is blessed to have dedicated, knowledgeable, and caring stewards of its resources," said Mr. David Charlton, treasurer of the Virginia Seminary Board of Trustees. "That care combined with the flow of gifts from many faithful and generous VTS donors helps ensure the health of our finances."
In this report, VTS has not only listed the gifts for the 2013-14 fiscal year, but there is also recognition of milestone giving (those whom over the years have given more than $100,000) and giving by class. Growth of the Seminary's endowment and the Statement of Financial Position are also shared.
"Why give to an institution which clearly has so many resources already?" asked the Very Rev. Ian S. Markham
, dean and president of Virginia Theological Seminary, in today's Dean's Commentary. "The answer is simple: every gift we receive is used for mission now and into the future. VTS isn't going to disappear. There is no risk that hard earned money will ultimately be disbursed in a bankruptcy court or spent to finance the closure of the MDiv in severance packages to faculty. Instead everyone who gives can be confident that that gift will go to support the students, staff, and faculty of the Seminary. The gift will make a difference to the future of the Church."
Edited by Ms. Carol Kyber, assistant director of communications, with content provided by Ms. Linda Dienno, director of development, and Ms. Debbie Townsend, senior development associate
, The Annual Report was mailed to donors and friends of VTS last week, and is available online
"It makes impressive reading," Markham added. "It is a reassuring report in so many ways. As many have done so in the past, our present friends and alumni are stepping forward to continue to support the Seminary."
Founded in 1823 as a beacon of hope in a country new and finding its way, Virginia Theological Seminary is the flagship Seminary of the Episcopal Church. One of our first benefactors was Francis Scott Key whose poem provides the text for our national anthem. In the 191 years since being established, VTS has led the way in forming leaders of the Episcopal Church, including: the Most Rev. John E. Hines (VTS 1933, D.D. 1946), former presiding bishop of the Episcopal Church; the Rt. Rev. John T. Walker (VTS 1954, D.D. 1978), the first African-American bishop of the Episcopal Diocese of Washington; and theologian, author and lay preacher Ms. Verna J. Dozier (VTS D.D. 1978). Serving the worldwide Anglican Communion, Virginia Theological Seminary educates approximately 25% of those being ordained who received residential theological education. Visit us online at www.vts.edu.