Magazine article Anglican Journal

Saskatoon College Saved at 11th Hour

Magazine article Anglican Journal

Saskatoon College Saved at 11th Hour

Article excerpt

An 11th-hour surge of contributions in early May has allowed Saskatoon's College of Emmanuel and St. Chad, an Anglican theological school, to withdraw a recommendation made in late April that it close.

"I'm overwhelmed with the generosity and commitment of Anglicans and others from Saskatchewan and the rest of Canada. Since we announced we would likely have to dose, the outpouring of moral and financial support has been tremendous," said principal Walter Deller in a statement.

On April 26, Mr. Deller announced that he would recommend to the college council that the school dose on May 31--just seven months after it hunched an $8.5 million fundraising campaign to mark its 125th anniversary.

The council met May 5 to 7 and learned that two anonymous Saskatchewan donors decided to allow their combined capital campaign gifts of $600,000 to be redirected toward the college's operations.

This will allow the college to offset its operating deficit, with some adjustments, for the next three years, the college said.

With the redirection of the gifts, the capital campaign total is now about $300,000 in donations and pledges, said Mr. Deller. The college will be working hard to attract a major lead gift in the $1 million range to boost its endowment or establish a teaching chair. "We did a feasibility study that indicated we could raise $1 million to $3 million, but we aimed at $8.5 million because that's what it would take to put our endowment in a state to underwrite the kinds of deficits we've been running," said Mr. …

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