2006-2007 Annual Report

A Report from the Acting President
October, 2007

Dear Friends and Colleagues:

This has been a remarkable year for Eden Theological Seminary. By any measure no other single event in our 158-year history has meant as much as the decision by the Deaconess Foundation to invest what will amount to $18 million in our Seminary by the end of October 2009. Based upon our relative size, no other institution in St. Louis has received a gift of such proportion.

Does this mean that Eden will no longer have financial concerns? The answer is a resounding NO! The gift from Deaconess allows us to operate the Seminary doing many of the things that we’ve done in the last decade but without sustaining additional operating deficits. The gift will allow us to restore our endowment and all of its component parts to their initial gift value. It is important that we all understand this gift assumes that we will continue to receive support from current and a growing list of new donors. The gift clearly challenges us to both grow the annual fund and increase the number of members of the Heritage Society who have made Eden a beneficiary of their estates.

Over the last several years you have heard much from our president, Dr. David M. Greenhaw, of the exciting things that have happened at Eden with respect to the quality of our faculty, the quality and energy of our student body and the continuing investment we have made in our grounds and buildings. The Deaconess grant allows that picture of prosperity to become whole.

To the men and women listed in this book, I say a heartfelt thank you! Your gifts are a tangible indication that you care about your church and the Good News it proclaims. Your support has sustained us in the past and will be necessary to sustain us in the future. It is a future about which I and your Board of Directors are now more certain.

Thanks be to God and the bounty of God’s blessings!

Donald H. Driemeier
Acting President
October 2007

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