Burning The Mortgage
United is committed to becoming debt free so that dollars currently going into interest payments and repaying principal can go fully back into the education of our students and scholarships.
History: In 2006, United bought and moved to the former Jewish Community Center on Denlinger Road. The original purchase price and year 1 improvements cost the school $5.5 million. This campus has been significantly more cost-effective to maintain, but a mortgage of $3.9 million still remains.
Proposal: Paying off the mortgage would save the seminary over $2 million in interest that could be invested into the mission to prepare faithful and fruitful church leaders to make disciples of Jesus Christ for the transformation of the world. It would allow United to provide more scholarships, invest in innovations in education and grow the endowment for the long-term legacy of the school.
Goal: October 11, 2021
Classes were first held at United Theological Seminary (formerly Union Biblical Seminary) on October 11, 1871. Help us burn the mortgage 150 years later on October 11, 2021!
Gift Recognition Opportunities: Gifts can be made over multiple years. All gifts over $25,000 total will be recognized on our donor wall.
Your gift makes a difference!
The Jewish leaders petitioned Jesus on behalf of the Roman centurion, saying, ‘He loves our people and it is he who built our synagogue (seminary) for us.’
— Luke 7:5