Why give to Austin Seminary?
Tuition - Keeping costs low for students.
At Austin Seminary, student financial aid remains the number one priority in our budget. The average cost of providing an education for a Master of Divinity student for one year is $30,000. Yet our annual tuition for that same student is only $11,400. To keep tuition affordable and balance the budget, we rely on your faithful gifts that allow talented, caring people to heed the call to serve, regardless of their financial situation. Austin Seminary tuition remains reasonable because it is supplemented by gifts to the Annual Fund and from the proceeds of endowments set up by generous individuals, churches, and foundations.
Faculty - Attracting the best and brightest minds.
The outstanding faculty of Austin Seminary thrives on the intellectual challenges and spiritual growth inherent in the Seminary's work. Close working relationships between students and faculty engender a mutual respect that often develops into collegial networks and lifelong friendships. Eighteen resident faculty serve the Seminary. Your gifts provide compensation to attract and retain these caring and knowledgeable professors, and resources to help them teach.
Support the Annual Fund
The support of alumni/ae, friends, and churches to the Annual Fund enables Austin Seminary to provide our students with a highly rigorous theological education. Your gift supports programs critical to academic enrichment training for ministry, and provides assistance to keep students from accumulating large debts as they enter into ministry.
Gifts to the Annual Fund help provide:
- Scholarships and financial aid ( over 84% of our students qualify for some form of financial aid)
- Student services, including housing
- Resources for the David and Jane Stitt Library
- Professional development and continuing education opportunities for pastors and lay leaders
- New classroom technology
- Faculty support
An endowment is a permanent fund which earns interest through the Seminary's investment accounts. The annual income is placed in a spending account for use as specified by the donor.
When establishing an endowment, the Seminary works with the donor to prepare an agreement that governs the endowment. The donor and the appropriate Seminary officials sign the document, providing assurance to the donor that the Seminary will always honor the guidelines established. Austin Seminary has adopted a spending rule that allows it to spend approximately 5% from each endowment annually.
The following levels have been identified to guide donors in establishing endowments:
$25,000 - Named Endowment
A minimum gift of $25,000 is required to establish any named endowment fund.
$20,000 - Presidential Scholarship
Provides an award of $1,000 annually to an entering Master of Divinity student named by the president. The award is based on both academic achievement and potential for ministry, with special consideration given to minority students.
Named Endowment Merit Scholarship Fund
Provides merit-based scholarship aid to Master of Divinity degree students who demonstrate interest in and a strong promise vocationally for leadership in the church, exceptional academic achievement, and leadership ability.
||Full Tuition Scholarship
||Full Tuition and Book Scholarship
||Full Tuition, Book and Housing Scholarship
||Full-ride Fellowship including Housing and Stipend
$740,000 Named Endowed Ecumenical Fellowship Fund
Provides tuition, room, board, fees and a monthly stipend to an international church leader selected by the Faculty Admissions Committee and invited to study at Austin Seminary for nine months, before returning to the indigenous international church setting.
$2,100,000 - Endowed Faculty Chair
Provides annual faculty salary, benefits, and support services.
Vice President for Institutional Advancement