Golden Gate Seminary’s Board of Trustees Approves $10 Million Budget at Spring meeting
Trustees of Golden Gate Baptist Theological Seminary adopted a 2008-09 budget, were updated about the 2010 Strategic Plan and the Partners for the Future Campaign, and were introduced to a new strategic planning process.
Seminary trustees approved a 2008-2009 budget of $10,473,000, representing a 3.4% increase from last year.
“This budget assumes where we are, not where we hope to be,” explained President Iorg, reminding the trustees that the budget was based on last year’s numbers and not projected expectations.
As part of his report, Iorg shared the progress of the 2010 Strategic Plan, adopted in April 2005. “We continue to have strong enrollment in the PhD, DMin and CLD programs. The PhD program continues to attract new applicants, and we are in the very positive position of having many more applicants than we are permitted to admit.” Iorg also noted that enrollment at the Southern California campus, Rocky Mountain campus and Arizona campus is also healthy and growing.
The president presented the Diamond Plan to the trustees, a new strategic planning initiative designed to take the Seminary through its 75th year (Diamond Anniversary) in 2020.
“This is the most significant part of what we’re going to do in the next six months,” Iorg said. He requested the trustees to think broadly as they contemplate “the Seminary as you dream it can be.” He reminded the board that “planning has a spiritual perspective, and we will seek God’s plan and direction for our future.”
Two priorities for the fall meeting will be a significant conversation on the future of GGBTS and a trustee training event recommended by the Executive Committee of the Board of Trustees.
Dr. Iorg reported on new communication tools. A website, www.jeffiorg.com, provides weekly commentary and leadership insights. An e-newsletter, 3-Minute Briefing, shares information about the Seminary’s programs and delivery systems. In addition, Iorg shared news of his new book, Is God Calling Me?, to be released in June 2008. Aimed at 18-22 year olds, the book provides assistance to those considering God’s call in their life.
The trustees also heard reports from each regional campus.
Regarding the faculty, trustees heard the announcement of Dr. Dwight Honeycutt’s retirement. The Seminary’s Carleton Professor of Church History, Honeycutt concludes 20 years of service at Golden Gate in July 2008. “My gratitude goes to God and to these trustees. You are a wonderful legacy for this institution.”
Sabbatical leave recommendations were approved for Dr. Harry Hahne, Dr. Rick Melick and Dr. John Shouse.
Iorg announced his “presidential appointment” of faculty candidate Chris Chun, who will teach church history. Chun is a graduate of Norton Cromwell Seminary with two masters degrees, and will complete his doctoral studies at the University of St. Andrews this summer. “Golden Gate is excited to add Chun to its faculty,” said Dr. Michael Martin, Vice President for Academic Affairs. “He is an outstanding young Southern Baptist scholar and we expect him to make an exceptional contribution both to the study of his discipline and to the training of theological students for ministry.”
Golden Gate’s trustee reports included Nevada trustee Joe Taylor, Chair of the Institutional Advancement committee. He reported that the Seminary is just over 2.5 years into the Partners for the Future Campaign, which began in August 2005. With the goal of raising $13 million dollars over a five-year period, he told the board “we have raised 8.5 million, and anticipate reaching our goal.”
In other trustee action, the following were elected to serve as the 2008-09 Executive Committee for the Board of Trustees: E.W. McCall, Chairman; Randy Adams, Vice-Chairman; Janie Finlay, Secretary; Taylor Field, Instruction; Joe Taylor, Institutional Advancement; Ken Owens, Student Relations and Finance and Bob Fargarson, Properties. At Large Members are Milton Brock, Finance and Properties; Sid Peterson, Instruction; and Keith Vawter, Institutional Advancement.
Golden Gate’s Board of Trustees consists of 39 men and women from around the country. At this meeting four trustees completed their terms of service: Steven Cavanaugh, Danny Dixon, Joe Panter and Cecil Sims. The board also accepted the resignation of Ed Armstrong, Kenneth Cavey, Calvin Kelly and Adam Kravets.
Also on the Board’s schedule was the dedication of a new campus playground. The ceremony was attended by GGBTS staff, trustees, student families and students from the Golden Gate Academy Preschool. A major portion of the funds for the playground were donated by an anonymous neighbor. “The quality of life on our seminary campus is determined by many factors. When you’re a five year old, it’s having a fun place to play,” said President Iorg.
Trustees and their spouses were feted at a Spring Banquet hosted by the Northern California campus. Also attending were faculty, staff and friends of the Seminary. Several individuals and churches were recognized for their financial support. The Lifetime Achievement Award was presented to Seminary friend Jack Rice. Mr. Rice, a developer in the Sacramento area, has been a generous supporter of the Seminary for more than 25 years.
The 2008 fall trustee meeting will take place in Southern California on October 12-14.