Frequently Asked Questions |
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What is the Campaign Goal?
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A:The goal of LSTC’s “Equipping the Saints” campaign is to strengthen the foundations of LSTC’s theological education by undergirding the programs and structures that are vital to its mission and ministry. Of our $56 million comprehensive goal, nearly one-half ($26 million) is designated toward increasing our Annual Fund support. The Annual Fund finances the daily operations of the seminary. A stronger Annual Fund will secure the mission of LSTC in the coming years and will allow LSTC to respond more flexibly to arising ministry opportunities. The remainder of our campaign goal, $30 million, will be directed into our endowment and will be invested with a long-term horizon, in order to support the ministry of LSTC in perpetuity. This $30 million goal includes several goals:
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| Q:
How can I give to LSTC’s Campaign
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A:There are several different ways to give. You can make a gift to the Annual Fund or the LSTC Endowment online by credit card, or you could send a check to the seminary. Stock and property transfers are also possible. If you would like to talk with an LSTC Gift Officer regarding a major gift or a possible planned gift from your estate, please contact us.
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| Q:
Do I have to give everything at one time?
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A: A one-time gift to the seminary is certainly possible; however, we encourage you to consider a multiple-year commitment, with a pledge term of up to five years. This will make it possible for you to prayerfully consider and budget for your best gift to support LSTC’s ministry.
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| Q:
How is my pledge for the Campaign divided?
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A: Your campaign pledge will be divided according to your designation. We hope that in considering a gift to the Endowment, you will continue your faithful support of our Annual Fund as well. A significant capital gift or a planned gift from your estate could be designated to support endowed scholarships, endowed chairs, or campus renewal. Please contact us if you would like to speak to a representative of the seminary!
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| Q:
What is an endowment and how does it work?
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A: An endowment is a carefully-managed pool of investments out of which a certain percentage is paid each year to support the ongoing operations of the institution. A well-managed endowment can support the programs of the institution on an annual basis and experience annual growth, as well. LSTC’s endowment is invested in diverse, socially responsible funds with a mixture of stocks and bonds. The LSTC Endowment is managed by our Board of Trustees, wise leaders with investment and money management experience and a faithful commitment to the work of the seminary. LSTC is committed to stewarding these resources faithfully so that they can be a permanent source of funding support to the seminary.
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Q: What is Campus Renewal? |
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| A: Improvements to several basic systems of LSTC’s 40-year-old buildings are critical to make it a better place to learn and work: new, energy efficient heating and air conditioning; plumbing; a comprehensive fire safety system that includes a sprinkler; and changes that make the LSTC facility fully ADA compliant. | ||
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In a great city, a great Christian tradition deserves a great seminary. |
--President James Kenneth Echols |
