MB Seminary Organizational Update

June 8, 2019On April 3, MB Seminary leadership reported a difficult financial situation: after four years of deficits financed by reserves and declining financial support, the Board determined that this was the time to make significant reductions to our costs in order to balance the budget by the next fiscal year. We believed the Seminary needed to take such action …

MB Seminary Changes and Restructuring

April 3, 2019MB Seminary has experienced meaningful growth in most areas of our ministry, whether it is graduate education or church-based training. Unfortunately, however, we have also experienced a number of deficit budgets in recent years, and this is not sustainable, regardless of how successful we have been in almost every area of ministry. Expenses have been tightly managed, even …