2021-2022 UNAUDITED OPERATING BUDGET

Revenue

Endowments 66 percent $8.6 million The Endowment Fund at Pittsburgh Theological Seminary is truly a living legacy supporting the Seminary’s mission. The Finance Committee of the Seminary’s Board carefully monitors the fund and ensures that the draw from the endowment is conservative enough to support long-term growth, thereby ensuring the Seminary’s future.

Tuition and Fees 10 percent $1.3 million Years ago the church supplied seminarians with the funds to cover the cost of tuition, housing, and fees. Today, students must provide part of their own educational and living expenses. Thanks to the generosity of our donors and the income from endowment, these costs are kept as low as possible for the students at Pittsburgh Theological Seminary.

Gifts and Grants 10 percent $1.3 million Unrestricted gifts to the Seminary’s Annual Fund support the overall ministry and mission of Pittsburgh Seminary and provide generous financial aid. Restricted gifts and grants from individuals, foundations, and corporations fund special projects and programs.

Auxiliary Enterprises 3 percent $0.5 million This category includes income from campus housing, food services, and other items.

Other Sources 11 percent $1.4 million Other sources of income include interest on working capital, vending machines, etc. Total Revenue $13.2 million