Financial Reality:
Why Luther needs your support
Generous Gifts Make a Difference!
DONOR DOLLARS AT WORK: Friends and alumni/ae give to ensure seminarians are 100 percent equipped to lead in mission. Donor support made up 55 percent of the annual budget when combining outright gifts and endowment income. Charitable gifts cover everything from student scholarships and cross-cultural experiences to new course development and much more!
Luther Seminary awards more than $3.1 million in financial aid each year. Congregations provide another $1.2 million in assistance. On average, this covers approximately four-fifths of the cost of tuition. Students still incur significant education and living expenses. Scholarships and tuition support make it possible for students to say "Yes!" to God's call!
WHY ANNUAL GIFTS MATTER: It would take more than $186 million of unrestricted endowment to generate the annual spending power given by our friends and alumni/ae each year.
2008-2009 Fiscal Facts
COST TO EDUCATE A STUDENT AFTER DONOR SUPPORT. The average student receives $5,821.44 per year in scholarships and grants. As the sample student budget below shows, this leaves a significant gap for students to fill.
| Tuition |
11,000 |
| Room and Board |
5,120 |
| Books and Fees |
2,000 |
| Transportation |
3,000 |
| Misc. Personal |
6,750 |
| Total |
28,870 |
How Luther Seminary Is Financially Supported
|
 |
| Gifts, Grants |
9,303,268 |
| Tuition, Fees |
5,224,037 |
| Endowment Income |
3,206,067 |
| Churchwide, Synod Support |
2,011,440 |
| Auxiliaries and Other |
677,747 |
| Total Income Budget |
20,422,559 |
How Luther Seminary Spends Its Money
|
 |
| Student Education & Support Programs |
8,912,466 |
| Academic Support |
936,635 |
| Student Services |
1,102,015 |
| Institutional Support |
6,858,936 |
| Grants, Scholarships |
3,314,470 |
| Physical Plant, Maintenance |
2,048,512 |
| Total Budgeted Expenses |
20,422,559 |