Annual Report 2020-2021

LEADING WITH PRINCETON THEOLOGICAL SEMINARY

2020–2021 ANNUAL REPORT

LEADING WITH PRINCETON THEOLOGICAL SEMINARY

2020–2021 ANNUAL REPORT

ALUM FEATURE

BETH DOUGLASS MDiv ’21

After finishing Systematic Theology with Prof. Dirk Smit, I knew I had to take more of his classes! One of my favorite memories was his Reformed Theologies on Worship and Public Life class, especially our discussions on the Belhar Confession and ‘Dreaming a Different World Together’/the Accra Confession. I’ve had so many amazing professors at Princeton Seminary, but Prof. Smit and Dr. David Chao, in particular, helped me make important connections and understand realities of ministry and praxis that just hadn’t clicked for me before. (Concepts I learned in their classes were also particularly helpful in writing my senior ordination exams, which I definitely appreciated.)

Dear Princeton Seminary family, Our campus is once again full of life as we have returned to the sacred spaces of worship and learning where deep friendships form and calling is tested and refined. Stimulating lectures echo through the beautifully renovated Stuart Hall.

Brown Hall, which has also undergone significant renovation, is home to students from around the world. Voices lifted in praise resound from Miller Chapel, and the newly named Theodore Sedgwick Wright Library is bustling with scholarly activity.

While we are grateful to return to these spaces, the real impact of the Seminary’s mission takes place beyond our campus through the lives and ministries of our students and alumni. Every day they put their learning into action in churches, hospitals, schools, and organizations. Their leadership in communities around the globe is a testament to God’s ongoing activity in our midst and brings healing, hope, and connection to a world that is in urgent need of the good news.

Your support advances this work not only here in Princeton but around the world. Thank you for your partnership in this sacred mission.

Faithfully, M. Craig Barnes Princeton Theological Seminary President

2020–2021 ANNUAL REPORT

FROM THE PRESIDENT

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BREAKING BARRIERS A leader in the global church, Najla Kassab says churches must reimagine their role in the world

Najla Kassab, MDiv ’90, was studying nursing when she felt a strong call to attend seminary.

Although long devoted to the church, she had been hesitant in the past about pursuing ministry.

“I thought I might be a bit too much for the church,” says Kassab, who grew up in Lebanon. “God might not call someone like me.”

She pushed aside those doubts and went on to make history.

Kassab was the first woman in the National Evangelical Synod of Syria and Lebanon (NESSL) to receive a preaching license. She was the second woman in the synod to be ordained. And she was elected and continues to serve as president of the World Communion of Reformed Churches, which represents 100 million Christians in 110 countries.

She spoke and was honored as a Distinguished Alumna at the 2021 Princeton Theological Seminary reunion, an all-virtual event held May 10–12.

The bold, barrier-breaking spirit that propelled Kassab to seminary and beyond continues to inform her work as a leader in the global church. She says that churches must reimagine their role in a world shaken by illness and inequality.

“COVID exposed injustices in the world,” she says. “The rich can take care of their health and the poor are left to die.”

“The church cannot do its ministry the way it used to,” she adds. “Preaching is not enough.”

Kassab traces her sense of mission to being raised by open-minded parents who treated their four daughters the same as their son.

“I was always treated as an equal,” she says. “I thought, ’Why not study theology?’”

At the Near East School of Theology in Beirut, however, she had to major in Christian education because women at that time were not allowed to pursue divinity degrees. She then attended Princeton Seminary where she relished taking theology courses and doing field work at Harundale Presbyterian Church in Maryland.

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“ It was a shaping experience,” she says. “At Princeton Seminary I learned about how God can use women in the life of the church.”

She returned to Lebanon with a mission: empower more women. Over the next few decades, she — along with her husband, Joseph Kassab, MDiv ’91 — worked at NESSL headquarters in various leadership roles. She served as the synod’s director of Christian education, working at the grassroots level with women’s and children’s ministries.

A historic 1993 decision by the synod provided Kassab a license to preach the Gospel, but not to administer sacraments. Rather than push for outright ordination, she continued working at the local level to empower women,

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BREAKING BARRIERS, CONTINUED patiently laying the groundwork for the 2017 ordination of the Rev. Rola Sleiman.

Kassab was ordained a short time later.

“My concern was never merely about getting ordained,” she says. “It was to raise awareness and to change minds about the value of women.”

She does not have to look far to see change. The Near East School of Theology hired its first woman president in the 1990s.

As president of the World Communion of Reformed Churches, a position she holds until 2024, Kassab thinks in global terms about what role the church needs to serve. She cites the example of a Beirut congregation that purchased oxygen machines for strapped health agencies treating COVID-19 patients.

“That is where churches should be,” she says. “Unless we protect lives, unless we protect the dignity of the people, we cannot be the church of today.”

ALUM FEATURE

ADEDAYO ADEBAYO MA(TS) ’21

I met friends who are now more than just friends to me. Their impact in my life exceeds the classroom. They are the definition of covenant partners in a covenant community.

I love them so much. My professors did not just teach, they listened. They saw things I didn’t see in myself, and they helped me hone my skills. I am forever grateful.

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APPROACHING CULTURAL DIVISIONS WITH EMPATHY Amar Peterman on the radical act of the gospel of Jesus in our world today: loving our neighbors

MDiv candidate Amar Peterman is director of the Center for Empathy in Christian and Public Life (CECPL), an initiative of Ideos Institute. Created in response to our cultural moment of division and polarization, the Center’s goal is to equip Christians across America to faithfully, critically, and consistently engage in the complex issues of modern society.

“So many people have been craving these conversations and looking for someone to affirm their inclination that context, language, and gathering a plurality of people across culture and religion is something to strive for,” Peterman says.

Peterman was originally approached by Christy Vines, president and CEO of Ideos Institute, in 2020 to come on staff as a writer after reading his work in Faithfully magazine. Following the January 6 attack, Vines proposed the idea for a center to help Christians engage with societal conflicts and asked Peterman to direct it, create programming, convene a board in January 2021.

A key focus of CECPL, empathic intelligence, is about understanding the real humanity among people who are different from ourselves.

“Empathic intelligence helps folks across lines of deep division have generative dialogue. Empathy is about more than ’feeling with’,” Peterman explains. “It is a cognitive move toward understanding the actions or beliefs of another, even those we vehemently disagree with, and the circumstances and vulnerabilities that drive their beliefs.” The Center brings together people to have these difficult conversations around the virtue of empathy.

Adopted from New Delhi, India and raised in the Midwest, Peterman seeks to build bridges across social, cultural, and religious differences — including differences that divide American Christianity. He notes that there is disharmony in the way Christians act, citing the participation of Christians in both Black Lives Matter protests and the Capitol attack.

In building out CECPL, Peterman has drawn extensively from what he’s learned at Princeton Theological Seminary, particularly in developing the “way of empathy” framework used for all Center programming. “It’s a strategic way of thinking and doing, rooted in scripture teaching, that culminates in sacrifice and giving of ourselves to help the other,” he says. “So much of that is from my time at Princeton Seminary.”

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In all of his work, Peterman emphasizes Jesus’ call to love our neighbors as a “radical witness to the gospel of Jesus in our world today.” Loving our neighbors is radical because it’s so hard for us to fathom it, he explains. “Neighbor love can bring people together across lines of difference without eliminating the particularity of their experience and cultures.”

After graduation, Peterman plans to continue full time with Ideos, growing funding and partnerships for the CECPL, while also working as a columnist for Sojourners magazine. A widely published author and sought-after speaker, his work has also appeared in Christianity Today, The Christian Century, the Berkley Forum, and more.

“I’m looking forward to doing this for a long time, continuing to build on the tools and connections Princeton Seminary has given me, and working at the intersection of faith and religious history,” he says.

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IRON SHARPENING IRON EMPOWERS WOMEN CLERGY TO LEAD Through a two-year program, participants take part in executive leadership seminars, workshops, and more

It is a glaring shortcoming in American congregations: Women clergy are vastly underrepresented in leadership roles.

But Princeton Theological Seminary is laying the groundwork for change.

Supported by a $1 million grant from Lilly Endowment Inc. through its Thriving in Ministry Initiative, the Seminary has developed Iron Sharpening Iron (ISI). The bold new program is focused on empowering and advancing women clergy. ISI takes a novel approach, combining insightful and supportive coaching with rigorous executive leadership training typically found in professions outside ministry.

“When you look at what other fields do to advance gender equity, you see them investing in high-potential, high-performing women and supporting them in their leadership development,” says Anne W. Stewart, MDiv ’08, the Seminary’s vice president for external relations who developed ISI and directs the program.

“In the clergy space, there is very little in that regard.”

The dearth of institutional support for raising up women clergy is evident in the statistics. Only 11 percent of congregations in the United States had women serving as the senior or head clergyperson, according to the 2012 National Congregations Study. During the intervening decade the figure has budged little.

ISI’s name comes from Proverbs: “As iron sharpens iron, so one person sharpens another.” Stewart, a scholar of the Old Testament, says the name reflects how participants in the program teach and strengthen one another during what is a two-year journey.

Iron also denotes strength, Stewart notes.

“I think that’s important as we talk about women’s leadership,” she says. “It’s not delicate and fragile. It’s strength and confidence.”

Led by Stewart and Thais Carter, the program’s associate director, ISI is wrapping up its inaugural two-year session this fall. Twenty-one women have participated in the program’s seminars, workshops, check-ins, and small-group coaching, most of which were held virtually due to the COVID-19 pandemic.

Diverse in age, race, and experience, they welcomed the opportunity to come together. And they connected immediately to the idea of iron sharpening iron.

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“The reason why I said yes enthusiastically to Iron Sharpening Iron is the recognition that God calls women into high levels of leadership and that we are gifted in powerful ways,” says Sarah Lund, MDiv ’02, senior pastor of First Congregational United Church of Christ in Indianapolis, Indiana. “I wanted to be in a program that celebrated, affirmed, and supported women leaders in the church.” She adds, “I have been blessed tremendously by my cohort and by our coach and find those conversations to be life-giving, prophetic, and another beautiful way to partner in ministry to share God’s hope and healing.”

Sheree Jones, associate pastor at Morning Star Missionary Baptist Church in New York City (Queens), agrees. “ I didn’t want to miss out on this opportunity to connect with some sisters in ministry,” says Jones, MDiv ’10.

Participants are being supported by an accomplished group of instructors, coaches, and facilitators. Seasoned clergy coaches helped them deepen their sense of calling.

Experts in organizational leadership have taught modern leadership strategies, such as design thinking and change management. Sessions have included a workshop on conflict management led by a former FBI agent who was a hostage negotiator.

“He talked about the tools, techniques, and tactics to negotiate effectively and with a really high level of emotional intelligence,” Stewart says of that session.

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IRON SHARPENING IRON, CONTINUED The range of subjects covered in ISI reflects the myriad demands of modern ministry, and the program has already helped some participants advance in their careers.

Alice Rose Tewell says feedback she received from her ISI colleagues helped her decide that she was ready for a job change to become pastor of Clarendon Presbyterian Church in Arlington, Virginia. Now, she is leading her new congregation through a strategic planning process, putting the skills she learned in ISI into practice. “(ISI) is the education that I have been searching for since I graduated from seminary,” says Tewell, MDiv ’09.

As the program welcomes its second group of ministers, Stewart says she marvels at the energy and inspiration that the first participants bring to their congregations and communities.

“They are the ones leading the way for the future of the church,” Stewart says.

“And we want to support that in every way we can because their leadership matters, not only to the church, but to the world.”

MDiv candidate

I would not have been able to accomplish what I have without financial support. Financial support was the main reason I came to Princeton Seminary, and the experience, connections, and sense of direction have truly been priceless. The trajectory of my life is owed to the donors.

STUDENT FEATURE

DEREK WU

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CAMPUS HIGHLIGHTS DAVID LATIMORE APPOINTED DIRECTOR OF THE BETSEY STOCKTON CENTER FOR BLACK CHURCH STUDIES The Rev. Dr. David Latimore was appointed director of the Betsey Stockton Center for Black Church Studies.

Latimore’s teaching and research interests focus on the intersection of religion, race, and economic justice through the examination of how economic ideological pre-suppositions underlie many of the disparities and inequalities witnessed in African American communities and their impact on the theology of the Black church.

Latimore comes to Princeton Seminary from Tennessee, where he served as senior pastor at Fifteenth Avenue Baptist Church in Nashville, taught at Belmont University, acted as a minority student mentor, and was associate director for the Academy of Preachers. He earned his PhD from the University of Chicago, his DMin from McCormick Theological Seminary, his MDiv from Duke Divinity School, and his AB from Harvard University. He has served as pastor at three other congregations and had a successful career in investment management and economic development.

ONLINE LEARNING The Seminary launched an array of online courses available to the general public for Continuing Education Units (CEUs). With topics ranging from theology to pastoral care to leadership, there is something for everyone. Most classes are open admission and in many cases free. Other courses span over several weeks for a fee. Offerings include Best Practices to Support End-of-Life Care and Journey to the Mountaintop: The Conversion and Faith Development of Martin Luther King, Jr. Learn more at online.ptsem.edu.

MACKAY CAMPUS CENTER DINING HALL FARM TO TABLE EXPERIENCE The Mackay Campus Center Dining Hall reopened offering a farm to table experience for students and staff. Every week fresh food is served from the Seminary’s 21-acre farm, called Farminary, and supplemented by other farms within a 120-mile radius. Integrating the Farminary into dining services speaks to the broader mission of education and formation at Princeton Seminary, enabling community members to recognize and appreciate the connection between theology and the land.

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STUART HALL RENOVATED AND RESTORED The five-year preservation project for one of the historical treasures on campus came to a stunning end as the exterior of Stuart Hall was restored to its original glory and the interior was updated with new technology and fixtures.

Stuart Hall reopened for instruction in the fall of 2021 with a complete rebuild of the gutter system; revamped water management systems that utilize the building’s original brick cisterns; refurbished ornamental stone finials, medallions, and corbels; a rebuild of the North Porch using as much original material as possible; and cleaned and retooled stones.

Photo by: Alcove Media & Irwin & Leighton, Inc.

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EXPLORING THE BIG QUESTION: WHAT IS ECCLESIASTICAL IMAGINATION? Professor Gordon Mikoski discusses imagination as a philosophical, theological, and anthropological phenomenon

Gordon Mikoski, associate professor of Christian education at Princeton Theological Seminary, is the lead investigator of a grant from Lilly Endowment Inc. through its Thriving Congregations Initiative. More than 90 organizations have received grants as part of this initiative, designed to help congregations strengthen their ministries so they can deepen their relationships with God, each other, and the wider society. Mikoski and his team’s piece focuses on ecclesiastical imagination.

“We interviewed several sociologists who, based on their discussions with congregations, compiled a list of characteristics that thriving congregations share. But there’s an additional factor they said that they can’t get their hands around, yet they feel it as soon as they encounter people in these congregations,” he says. “We wondered if it might be the shared imagination these congregations have about God, the nature of the church, and how it relates to the surrounding environment.”

The idea is that each congregation is its own cultural world that creates a meaningful theology world for itself. Due to the pandemic, the Thriving Congregations project went all digital, with students using digital ethnography to identify themes of ecclesiastical imagination in 23 congregations. In phase two of the research, the team will assist 12 of the congregations in making their ecclesiastical imagination explicit in order to function as a resource for innovation.

Mikoski says the students have been “breaking new ground on digital ethnography” and will share learnings with other researchers. The team will also publish portraits of the 23 congregations on the Seminary website using text and photos.

“People read these and it shapes their imagination of what’s possible,” he says. “Like a Shakespeare play, each one is a concrete story that, when done well, illuminates something of what it means to be human.”

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The initiative embodies Mikoski’s interest in imagination as a philosophical, theological, and anthropological phenomenon, he says.

“One thing that makes us distinctly human is our ability to imagine, yet it is underdeveloped in the church realm. Imagination is one of our superpowers.”

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VICTORIA CALLAHAN GIGER MDiv candidate

Without my scholarship I would not have been able to attend Princeton Theological Seminary. Princeton Seminary was my first choice of seminary and my scholarship allowed my dream to come true! Having the financial burden of my education lifted has allowed me to prioritize my studies and for that I will be forever grateful. Thank you for this life-changing gift!

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WAYS TO GIVE From in-kind donations to mentorship to financial gifts, there are many ways that you can help Princeton Seminary students prepare to lead.

See some tangible examples below: Give to the Annual Fund: Help fund generous student scholarships and assist students in overcoming urgent and unforeseen financial challenges. Please visit giving.ptsem.edu to make a donation.

Choose planned giving: Make a gift that will be impactful for generations to come through a bequest or trust. Please email advancement@ptsem.edu for more information.

Provide ministry opportunities for our alumni job board by emailing alumni@ptsem.edu.

Serve as an alumni volunteer by registering at ptsem.edu/alumni-serve.

For more information, contact advancement@ptsem.edu.

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BRIDGING THE SPIRITUAL AND SECULAR DIVIDE IN THE FINANCIAL WORLD MDiv candidate Gregory Louis discusses his summer field education placement

For third-year MDiv/MSW student Gregory Louis, an unconventional summer field education placement at the privately owned investment firm Glenmede Trust Company affirmed that his faith is relevant in the secular world.

“I’ve always been interested in the intersection between the secular and the spiritual, and have found that this is quite explicit in the finance space, because clients often want to invest with their ethical and spiritual leanings in mind,” Louis says.

Louis met Gordon Fowler, president and CEO of Glenmede Trust Company and a member of the Princeton Seminary Board of Trustees, in 2018 while working as a teacher at St. James School in Philadelphia. Louis approached Fowler with the idea for the field placement, then submitted his application to Princeton Theological Seminary’s Office of Field Education and Vocational Placement for approval.

Louis worked in the Endowment and Foundation Advisory department of Glenmede and participated in leadership training. He met regularly with Fowler, who funded the placement, and together they explored management styles using historical narratives and considered their respective moral and ethical ramifications. Louis also joined team and foundation meetings where he gained insight into the philanthropic process and corporate social responsibility. Louis’ research project on faith-based values investing will serve as a resource for Glenmede’s Sustainable and Impact Investing Team.

“Greg is a great listener and questioner with very strong leadership skills,” Fowler says. “I was intrigued by his proposal to better understand how Christian spirituality overlaps and integrates with the business and investing worlds, and that’s something I think a lot about myself. We also can benefit from different perspectives and I thought Greg could bring that to our company.”

Louis says he wanted to complete one of his field education placements outside the church because “as ministers we don’t always connect with people by waiting on them to walk into our church doors and discussing scripture.” Though he originally perceived finance was stringently secular, he can now more clearly see the connection between this placement and his faith journey.

“Corporate social responsibility and philanthropy in the financial world began with spiritual people prodding the finance sector to consider what is good for

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society, ”he says. “I’m now more certain that investing in my faith life will help me to be a justice worker.”

Louis also learned about the nature of corporate life and soft skills like time and personnel management, and staying on task amidst competing demands. In addition, he met individually with Glenmede employees, clients, and partners to learn more about their vocational journeys and motivations for their work.

After seminary, Louis wants to focus on working with individuals and institutions to ensure that people receive the help and support they need. Where he aims to land is undecided; right now he is focused on receiving the theoretical exposure and honing technical skills.

“I want to serve people both inside and outside the walls of the church with a deeply grounded spiritual consciousness, and with people who approach matters of social welfare with rigor,” Louis says. “As I reflect, this is what attracted me to Glenmede in the first place.”

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2020–2021 FACULTY

M. Craig Barnes, PhD, LHD (Hon.) President and Professor of Pastoral Ministry Afeosemime ("Afe") Adogame, PhD Maxwell M. Upson Professor of Religion and Society Dale C. Allison, Jr., PhD Richard J. Dearborn Professor of New Testament Kenneth Glenn Appold, PhD, DrTheol. Habil.

James Hastings Nichols Professor of Reformation History

Keri L. Day, PhD Associate Professor of Constructive Theology and African American Religion Kenda Creasy Dean, PhD Mary D. Synnott Professor of Youth, Church, and Culture James Clifford Deming, PhD Associate Professor of Modern European Church History Heath Dewrell, PhD Lecturer in Biblical Hebrew

Eric D. Barreto, PhD Frederick and Margaret L. Weyerhaeuser Associate Professor of New Testament

Frederick William Dobbs-Allsopp, PhD Professor of Old Testament and James Lenox Librarian

Raimundo César Barreto, Jr., PhD Associate Professor of World Christianity

Robert Craig Dykstra, PhD Charlotte W. Newcombe Professor of Pastoral Theology

Carl Clifton Black II, PhD Otto A. Piper Professor of Biblical Theology Lisa M. Bowens, PhD Associate Professor of New Testament

Mary K. Farag, PhD Assistant Professor of Early Christian Studies

John Rennell Bowlin, PhD Robert L. Stuart Professor of Philosophy and Christian Ethics

Nancy Lammers Gross, PhD Arthur Sarell Rudd Professor of Speech Communication in Ministry, Chair and Director of Masters’ Studies

Michael Allen Brothers, PhD Associate Professor of Speech Communication in Ministry

Yvette Joy Harris-Smith, PhD Senior Lecturer in Speech Communication and Ministry

Sally A. Brown, PhD Elizabeth M. Engle Professor of Preaching and Worship

Thomas John Hastings, PhD Executive Director, Overseas Ministries Study Center

Heath Carter, PhD Associate Professor of American Christianity

Jay-Paul Hinds, PhD Assistant Professor of Pastoral Theology

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George Hunsinger, PhD Hazel Thompson McCord Professor of Systematic Theology

Dennis Thorald Olson, PhD Charles T. Haley Professor of Old Testament Theology

Elaine T. James, PhD Associate Professor of Old Testament

Brian Rainey, PhD Lecturer in Biblical Studies

William Stacy Johnson, PhD, JD, DD (Hon.) Arthur M. Adams Professor of Systematic Theology

Hanna Reichel, ThD Associate Professor of Reformed Theology

Jacqueline E. Lapsley, PhD Dean and Vice President of Academic Affairs and Professor of Old Testament Cleophus James LaRue, Jr., PhD, DD (Hon.) Francis Landey Patton Professor of Homiletics Bo Karen Lee, PhD Associate Professor of Spiritual Theology and Christian Formation Bruce Lindley McCormack, PhD, DrTheol. (Hon.) Charles Hodge Professor of Systematic Theology and Director of the Center for Barth Studies Gordon Stanley Mikoski, PhD Associate Professor of Christian Education, Chair and Director of PhD Studies Margarita A. Mooney Suarez, PhD Associate Professor of Congregational Studies

Dirk Jacobus Smit, DTh, PhD (Hon.) Ruth and Rimmer de Vries Chair of Reformed Theology and Public Life Mark Stratton Smith, PhD Helena Professor of Old Testament Literature and Exegesis Nathan T. Stucky, PhD Director of Farminary and Sustainable Educational Initiatives Mark Lewis Taylor, PhD Maxwell M. Upson Professor of Theology and Culture Martin Tel, DMA C.F. Seabrook Director of Music Sonia E. Waters, PhD Associate Professor of Pastoral Theology Richard Fox Young, PhD Elmer K. and Ethel R. Timby Associate Professor of the History of Religions

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FROM THE BOARD OF TRUSTEES

Dear Friends, Thank you for your faithful support of Princeton Theological Seminary.

The measure of the Seminary’s impact is not only in the number of courses taught or diplomas earned, but in the lifelong work of the people of Princeton Theological Seminary, who are providing leadership in congregations and communities around the world. Through their ministries in churches, hospitals, classrooms, board rooms, nonprofits, and other organizations, our students and alumni bring the light of Christ to many places around the world and transform the communities they serve.

Your gifts support their education and strengthen the witness of our faith around the globe.

On behalf of the Board of Trustees, thank you for your investment in the leaders who are serving the church and our society. We are grateful for your partnership in this ministry.

Michael G. Fisch Princeton Theological Seminary Board Chair

Chair

Michael G. Fisch New York, New York

Vice Chair

Karen Jackson-Weaver Lawrenceville, New Jersey

Secretary

Margaret Grun Kibben Alexandria, Virginia Darrell L. Armstrong Trenton, New Jersey Camille Cook Washington, D.C. Gordon B. Fowler Philadelphia, Pennsylvania Robert M. Franklin, Jr. Atlanta, Georgia Doris J. García-Rivera Carolina, Puerto Rico Nancy Oliver Gray Roanoke, Virginia Heather Sturt Haaga La Cañada, California Charles “Chip” Hardwick Birmingham, Michigan Thomas R. Johnson Sewickley, Pennsylvania Todd B. Jones Nashville, Tennessee Shannon Johnson Kershner Chicago, Illinois Hana Kim Seoul, South Korea

Don D. Lincoln West Chester, Pennsylvania Jane Doty MacKenzie Lafayette, California Jay Marshall New York, New York Deborah A. McKinley Craftsbury, Vermont Michele Minter Plainsboro, New Jersey Phebe Novakovic Reston, Virginia Jeffrey V. O’Grady Nashville, Tennessee Scott D. Renninger Wynnewood, Pennsylvania William P. Robinson Spokane, Washington Ruth Faith Santana-Grace Philadelphia, Pennsylvania Mark P. Thomas St. Louis, Missouri Robert S. Underhill Bronxville, New York Jonathan L. Walton Winston-Salem, North Carolina Peter E. Whitelock Lafayette, California George B. Wirth Atlanta, Georgia Steven Toshio Yamaguchi Tokyo, Japan Sung Bihn Yim Seoul, South Korea

2020–2021 ANNUAL REPORT

BOARD OF TRUSTEES

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2020–2021 FINANCIAL REPORT THANK YOU FOR WHAT YOUR GIFTS MAKE POSSIBLE Income from our endowment, major gifts, and the Annual Fund allow us to offer all students generous financial support and an education that prepares them to lead with faith and courage. We are grateful for your support.

$4,142,969.54 Total Gifts Received During the 2021 Fiscal Year (July 1, 2020–June 30, 2021; includes restricted gifts, unrestricted gifts, and endowed gifts.)

OPERATING BUDGET REVENUES (July 1 2020–June 30, 2021)

Total $47,344,586

$36,219,578 Distribution from Endowment

$6,981,245 Tuition and Fees

$2,520,000 Auxiliary Enterprises (Food Service, Housing, Campus Store)

$1,000,000 Unrestricted Gifts and Grants

$623,763 Other Revenues (Funds Held by Others and Other Revenue)

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(July 1, 2020–June 30, 2021)

Gifts to the Annual Fund go directly into the Seminary’s operating budget to fund current programs and to provide money for important new initiatives. These critical unrestricted funds allow us to sustain our generous scholarship program, enrich our residential model of formation, meet unexpected challenges, and seize new opportunities.

$1,278,626.22 Raised by the 2020–2021 Annual Fund

1,809 donors Made gifts during the 2021 Fiscal Year

BUDGETED EXPENDITURES (July 1, 2020–June 30, 2021)

Total $47,344,586

$10,434,390 Instruction

$8,428,424 General and Administration

$9,222,538 Physical Plant

$7,921,165 Scholarship/Student Aid

$3,637,181 Library

$3,157,895 Student Services

$2,879,463 Technology

$1,663,530 Auxiliary Enterprises ( Carol Gray Dupree Center for Children, Food Services, Housing)

2020–2021 ANNUAL REPORT

ANNUAL FUND

ALUMNA ALUM FEATURE

DANBI JUNG MA(TS) ‘21

I really appreciate the deep and formational academic experience at Princeton Seminary. The exegesis and hermeneutics classes have led me to understand more thoroughly each book of the Bible with challenging questions to make me read more closely. These experiences let me engage with the Scriptures more attentively and give me the joy to gain new meanings in them.

ALUM FEATURE

TYLER BRINKS

MDiv/MACEF ‘21 I can’t name a single favorite or most important memory. I loved going to chapel (at Miller and then elsewhere when the chapel got flooded), singing beside my classmates and experiencing the worship services our peers and the chapel team put together. I was shaped by the conversations and student activism around the ’Princeton Seminary and Slavery’ report for three of my four years. I met incredible friends, some of my best, at Princeton Seminary. I learned to think theologically and grew in my faith here. Princeton Seminary, what a place! I’m grateful I spent four years here, and I’m eager to discover how my time at Princeton Seminary will inform my ministry and affect me in the years I’ll now spend away from it.

PRINCETON THEOLOGICAL SEMINARY | 2020–2021 ANNUAL REPORT

OFFICE OF ADVANCEMENT P.O.Box 821, 64 Mercer St. Princeton, NJ 08542 ptsem.edu | 609.921.8300