LA Times: Religious groups face financial crisis as donations diminish

With donations slowing, religious groups across the theological spectrum are reporting millions of dollars in reduced income that is resulting in staff layoffs and program cuts.

Jewish and Christian seminaries also are feeling the pinch. Eight seminaries for the nation’s largest Lutheran denomination, the Evangelical Lutheran Church in America, are undergoing staff reductions and budget cuts.

In Los Angeles, consideration was given this spring to closing the Los Angeles campus of Hebrew Union College-Jewish Institute of Religion, a seminary serving the Jewish Reform movement. Ultimately, college officials opted to keep the campus open, but only after cutting staff and entering into cooperative arrangements with other institutions and seminaries.

But college officials confirmed there is ongoing discussion of how millions more could be saved, including preliminary talks about selling the campus to the adjacent USC and leasing it back.

Meanwhile, 69 long-term foreign missionaries and 350 short-term missionaries for the Southern Baptist Convention will remain home this year because of reduced giving by local congregations to the denomination’s cooperative program. Southern Baptist officials also report a $29-million drop in an annual Christmas offering on which half the program’s budget depends.

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Posted in * Christian Life / Church Life, * Culture-Watch, * Economics, Politics, * Religion News & Commentary, Economy, Other Churches, Parish Ministry, Religion & Culture, Seminary / Theological Education, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, Theology

2 comments on “LA Times: Religious groups face financial crisis as donations diminish

  1. Brien says:

    [blockquote]The national Episcopal Church, which recently reduced its 2010-12 budget by $23 million, said that despite the pinch, it too would continue its social mission. Its leadership decided to cut 30 staff positions at its New York headquarters, but restored funding for programs in the developing world. The church said in a statement that the budget was focused on “giving to others* first and then to ourselves last.”[/blockquote]

    *especially the needy lawyers specializing in property matters.

  2. Brian of Maryland says:

    Well … a couple of weeks ago the entire ELCA was finally able to see what their seminary financial contributions have bought them: a clergy more comfortable with Gnostic musings than the transforming Gospel of Jesus Christ. If they think they have money problems now …