Trinity Church Wall Street acquires Church Divinity School of the Pacific

From ENS-

Church Divinity School of the Pacific, or CDSP, and Trinity Church Wall Street announced March 4 that the New York parish has acquired the Berkeley, California-based seminary.

The Very Rev. W. Mark Richardson, CDSP president and dean, told Episcopal News Service in an interview that the deal will put the school on a solid financial footing and position it for growth. CDSP and its assets now belong to Trinity, he said, and the value of those assets “will be a fund, among other resources they have, that supports the program at the school and operation.”

“It’ll be starting point of the kinds of funds we need to, say, augment faculty or to provide scholarship funding for students,” he said. “This becomes part of their assets that are poured back into the mission of the school.”

Trinity sees CDSP as part of its strategy “to present and offer the curriculum that will bring new leaders into the world that can gather communities and resource them in a way that we have not been able to do currently,” the Rev. William Lupfer, Trinity’s rector, told ENS in an interview.

More here-

https://www.episcopalnewsservice.org/2019/03/04/trinity-church-wall-street-acquires-church-divinity-school-of-the-pacific/