A number of renewed and new endowments were recently added to CLS's revenues, especially for student financial aid and operations. Even though last year’s financial markets adversely impacted the Seminary’s finances, we have seen some recovery. And now, the capital base of endowments is bolstered by six new funds set up as memorials to church workers and their family members. A number of other endowments received cash additions to increase their earning power, too.
Among those endowments changed, earnings from the Dr. Eugene and Mrs. Sandra Lechelt Endowment now support faculty needs, the Gabert Family Endowment now also supports student financial aid and the Hermann & Helene Neudecker Endowment has been broadened in scope. Recently added funds include the Samuel Gabert Endowment, Fifth Faculty Endowment, David & Ione Gitzel Endowment, Rev. Dr. Elroy Treit Endowment, Chris & Esther Gabert Endowment, and Jack & Linda Mackellar Endowment.
For more information, check the seminary’s Endowment Funds page