From the President
At Baptist Seminary of Kentucky we have much for which to be thankful. Our best news is always about our current students and graduates and their ministries. So please read about some of our students and graduates elsewhere in this newsletter. We have reason to be grateful for our dedicated faculty who have a strong commitment to teaching students in the context of their service to Christ and the church.
The Seminary’s staff, faculty, and administration, along with the Board of Trustees, are pleased with the following “institutional” achievements. We know that you will also appreciate them.
- We have taken a major step toward accredited status with the Association of Theological Schools (ATS). In February 2013, The Board of Commissioners of ATS granted BSK Candidacy for Accredited Status. This means that the hard work of a two-year process of self-study begins immediately with the ultimate goal of achieving Accredited Status in 2015.
- A new lease has been signed with Georgetown College for another three years, starting August 1, 2013, and going through July 31, 2016. We are grateful for the good relationship with President Bill Crouch who ends his tenure at the College on June 30, 2013. We look forward to continuing a mutually beneficial relationship with Georgetown College for years to come.
- An external audit of the financial statements for the 2011-12 fiscal year affirmed BSK’s business management with no recommended changes.
- Financially, the Seminary’s net assets have reached their highest level in our eleven-year history. Most of these assets are restricted through placement in endowed funds for scholarships and chairs. Those endowed investments offer stability for the future and produce some immediate revenue for day-to-day operations.
- Additionally, the financial health of BSK has increased through funds from the Catherine and Brad Curry Estate, from the completion of some naming opportunities, and from other special gifts supportive of the Seminary’s future needs.
- Some special gifts have allowed the Seminary to announce a search process for hiring a new faculty person in the general field of Practical Theology with specialization in one or more of the following areas: Missional Theology and Practice, Leadership, Worship Arts/Homiletics.
With the leadership of God’s Spirit, we continue to prepare ministers of the Gospel in faithful witness to Jesus Christ. Thanks be to God!