According to Board of Trustees Chair Gary Hall and Vice-Chair Canon Bonnie Anderson, the October 27-29 trustees meeting on the seminary’s Cambridge, Massachusetts campus “accepted the 2016 audit report which contained the sobering news that EDS’s net assets decreased by $7.9 million (11%) in the last fiscal year.” The deficit is nearly a third larger than EDS Board Treasurer Dennis Stark revealed in July, an amount that was already 30 percent “above a reasonable amount” according to the official.
This follows a decrease of nearly $6.5 million (8.5%) in 2015.
“As the fiduciary stewards of EDS’s assets and mission, we are obviously dismayed at the size of EDS’s losses, but the news has redoubled our commitment to finding a more sustainable and prudent future for the seminary by the end of fiscal year 2017,” Hall and Anderson wrote.
A tale of from Ragsdale to rags.
I’m straining to find out what Ragsdale has been up to since departing EDS. Her spouse — Canon Mally Lloyd — was elected to the Episcopal Church Executive Council, but I can’t find anything current for Ragsdale herself. Last I heard, Ragsdale was serving as interim senior fellow in Religious Literacy & Interfaith Leadership at the Arthur Vining Davis Foundations, but that was set to conclude in May of 2016.
#2 Jeff Walton, She is bound to surface once Trump announces his nominee for Supreme Court Justice.