# LCMS Convention Workbook_St. Louis Missouri_2019_S82 # Machine transcription, uncorrected — CHI Digital Archive (demonstration) 82 OFFICER, BOARD, AND COMMISSION REPORTS R4.2 Concordia Theological Seminary, Fort Wayne, Indiana Concordia Theological Seminary exists to form servants in Jesus Christ who teach the faithful, reach the lost, and care for all. We rejoice and give thanks to our Lord and Savior, who continues to bless CTSFW richly through the faithful support of alumni, friends, and donors who have enabled the seminary to carry out this mission for the sake of the church and the world. Among the many blessings your seminary has experienced over the past three years: •• Strong leadership with Dr. Lawrence R. Rast Jr. serving in his second term as president of CTSFW. •• A key component to that leadership is a laser focus and commitment to implement the seminary’s strategic plan. This triennium has focused on fully aligning the seminary’s budget to the plan and engaging the full seminary community in its implementation. This has freed CTSFW to embrace new opportunities and challenges and build on what it means to be distinctively Lutheran, communityoriented, and committed to excellence. •• •• •• •• 100 percent tuition guarantee for all pastoral and diaconal residential students. This would not have been possible without our Lord’s gracious provision and the incredible, outpouring of support received from His people. Doubling of the seminary’s endowment. The student aid endowment at CTSFW has more than doubled since President Rast first took office. “We as a seminary and as a church must continue to do all we can to reduce the burden on our students so they can enter the ministry to which God has called them unencumbered by overwhelming material concerns. Your partnership in this is essential, and we thank you for it, as well as for all your ongoing support of our future pastors and deaconesses.” (President Lawrence R. Rast Jr.) Financial health and transparent stewardship of resources. CTSFW is committed to transparency, equality, and consistency in all business practices. This has led the independent auditor to remark: “The Seminary’s overall financial health is strong and thriving as reflected by their Composite Financial Index score and when compared to other Christian higher education institutions. The Seminary has stable operating results and a healthy balance sheet and is currently positioned to deploy its resources to achieve its mission and be financially sustainable over the longterm.” (Adam Smith, BKD, 2018) Faithful, caring, mission-minded students from all areas of the United States and around the world. Our students exhibit a mission zeal to bring Jesus to a hurting world in need of His saving Word. The seminary is deeply grateful for God’s abundant blessings of stable enrollment and generous support through 2019 Convention Workbook His people. The seminary will, under God’s grace, continue to faithfully fulfill its mission. •• Strong recruiting of students has led to stable residential enrollment during a period when many seminaries are experiencing sharp declines. CTSFW looks forward to partnering with the Synod and CUS to identify and encourage future church workers. •• Continued emphasis on residential pastoral formation through rigorous Master of Divinity and Alternate Route programs. The curriculum is regularly updated to ensure our students are adequately prepared to serve in the unique ministry contexts in which they are placed. •• Development of a PhD in Theological Studies degree in addition to the strong PhD in Missiology program that draws students from around the globe. •• Continued growth in the number of deaconesses formed for service through both residential and distance tracks (the distance track is a combination of online courses and campus intensive courses). •• A reworking of the contextual learning experience in an effort to provide consistent opportunities for pastoral ministry formation in the fieldwork and vicarage contexts. A wide variety of summer vicarage experiences are available in addition to targeted module learning experiences. •• Continued growth in the Doctor of Ministry program that combines academic and pastoral excellence, distance and residential learning components, yet is very affordable. •• Partnership with Seminario Luterano El Reformador in the Dominican Republic and the Office of International Mission to provide pastoral and diaconal formation in Spanish for the countries of Latin America. •• The establishment of the Wakefield-Kroemer Director’s Chair in Library and Information Services and the appointment of Prof. Robert Roethemeyer as the first holder of this chair. •• Development of a 25-year deferred maintenance schedule. The students and the seminary community are already benefiting from updates to the two lectures halls, the classrooms, heating and cooling systems, lighting, and railings. •• Completion of furnishing and room dedications of the Wayne and Barbara Kroemer Library. •• Expanded financial education and counseling for students has resulted in a decrease in the amount of educational loans taken out by CTSFW students. •• An outstanding faculty with rich pastoral ministry experience as well as the highest academic credentials from such outstanding universities as Harvard, Yale, Michigan, Vanderbilt, Notre Dame, Wisconsin, Durham, Marquette, and Basel. •• Significant leadership from CTSFW on the LCMS Commission on Theology and Church Relations (the