# LCMS Convention Proceedings_St. Louis Missouri_1953_S168
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

168 SEMINARIES AND COLLEGES

Capital Investment Funds

When Synod has completed its latest expansion of the phy;
properties of her colleges and seminaries, the combined rep
ment value of these campuses with their buildings and equip
will be in excess of $25,000,000.

Since the age of these buildings varies from one to a
100 years, it is readily understandable that a continuous prog
of replacement of obsolete facilities and remodeling must be:
pected. Under present policy, however, no provision is mad
supplying capital improvement funds except as these become a’
able through special collections. It will be readily apparent
not all construction and remodeling problems during the®q
triennium can be solved unless some method is provided to
such operations.

Every convention of Synod during the last two decades!
been confronted with requests for construction funds, but §
has always found itself, simultaneously, without any cash
which to pay for replacements or new construction projects,
recognized, of course, that not every request can or should
granted; nevertheless, the requests. which were before th
convention and the requests which are before this conventio:
ample evidence that no static stage may be expected in an
cational operation of this size, involving, as it does, almo:
buildings.

To meet the short-range problem, the Board for Higher
cation

Recommends that Synod direct the Fiscal Conference to
an amount of $500,000 each year in the synodical budget
amount to be impounded in a college and seminary buildin ;
and the Board

Recommends, further, that disbursements from these act
lated funds be authorized by the Board of Directors, for
in higher education approved by this convention; and th

Recommends, finally, that a commission with represen@®
from the Board of Directors, from Synod generally, and ‘fr
Board for Higher Education be directed to study the capital ,
ment problems related to the maintenance and expansion of
educational institutions and to make its recommendations
establishment of a satisfactory and desirable long-range po.
the next convention.

Testing Program

The 1947 convention authorized the Board for. Higher cay
tion to “include in its budget and to refund to the respective
all costs involved in the administration of the College Sop
Testing Program.”