Following the May 13-14, 2009 meeting of the Board of Trustees of McCormick Theological Seminary and its decision to pursue an “orderly disengagement” from the real estate portion of its relationship with LSTC, President James Kenneth Echols said, “LSTC will always give thanks for the partnership of the two schools in the ministry of theological education that began in 1975. The seminary also regrets the strained financial circumstances that have led McCormick to make its decision."
LSTC’s Special Finance Task Force, appointed by the Board of Directors in November 2008, is currently assessing the impact of McCormick’s orderly disengagement which will take place as early as June 2010. The Task Force is developing plans that include potential building reconfiguration and new campus partners and working in other areas to strengthen the seminary.
Simultaneously, the seminary is implementing its new strategic plan that will guide LSTC into a bright future. The plan includes having the faculty review the institution’s degree and non-degree offerings to ensure that LSTC remains on the cutting edge of what the church needs to form gifted LSTC students to be faithful and effective missional leaders proclaiming Jesus Christ in the 21st century. President Echols noted that, “LSTC is uniquely positioned and strategically located to form the next generation of leaders, and LSTC is committed to doing just that. For in a great city, a great Christian tradition deserves a great seminary!”
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The Lutheran School of Theology (LSTC) is dedicated to bearing witness to the good news of Jesus Christ. Based in Chicago’s Hyde Park neighborhood, it is the leading urban Lutheran seminary training students for purposeful vocations in the global community. Aligned with its Lutheran heritage and built on a foundation of intellectual rigor, LSTC’s innovative, nationally recognized curriculum gives students skills for visionary Christian leadership in the public sphere.