February 14, 2003

Worldly Challenges for Theology Schools

By BETH McMURTRIE

As endowments shrink, these cash-poor institutions find it hard to balance budgets

At Bangor Theological Seminary, a tiny outpost of the United Church of Christ in central Maine, money has always been scarce. For nearly 200 years, the institution has kept its budgets tight and staff lean as it has trained ministers to run parishes throughout northern New England.

Lately, times have gotten even tougher. Bangor's endowment, which peaked around $10-million in the flush 1990s, now

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