From The Boston Globe-Episcopal Divinity School in Cambridge, facing ongoing budget deficits, said Thursday that it will no longer award degrees after June 2017, and will spend the next academic year exploring options for its future.
The decision was approved by an 11-4 vote of the school’s trustees on Thursday. Following the vote, the Rev. Frank Fornaro, the interim dean and president, announced his resignation, effective in November, the school said in a statement.
“I totally disagree with this resolution,” Fornaro said in the statement.
The Very Rev. Gary Hall, the trustees’ chairman, said mounting financial pressures required the board to “act quickly, while the seminary still has sufficient assets to bring to bear in the next phase of its life.”
More here-
https://www.bostonglobe.com/metro/2016/07/21/episcopal-divinity-school-cambridge-stop-awarding-degrees/uczs33LoKbVE7m3e4FoMCI/story.html
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