PHS - Feasibility study for proposed history center yields disappointing news

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Feasibility study for proposed history center yields disappointing news

Plans for a proposed Center for the Study of Presbyterian and Reformed History and Theology will require revision after the results of a feasibility study were presented recently.
A meeting was held at Columbia Theological Seminary on June 7, 2005, to receive and review the final report on the feasibility of a $10 million endowment campaign for the proposed center. Attending the meeting were representatives from the three entities that are seeking a way to make the center a reality: Columbia Theological Seminary, Montreat Conference Center, and the Office of the General Assembly of the Presbyterian Church (U.S.A.), where the Presbyterian Historical Society is lodged within the PC(USA) structure.
David Ross, president of Ross, Johnston, & Kersting, Inc., presented the findings of the report.
After reviewing the report, the representatives concluded that the endowment campaign would be very challenging, requiring an eight- to ten-year period to complete. Even then, the result would still fall short of the $10 million required to meet the projected costs of the center and ensure its future.
The representatives decided with deep regret that a fund-raising campaign for the proposed center could not proceed as originally planned.
The conversation between the three entities developed as a result of a task force report earlier this year on the future of the Presbyterian Historical Society (PHS). The task force was formed by COGA to look at two specific recommendations from a 2001consulting team; namely, to assess the technology needs for PHS in an ever-increasing electronic age, and to explore consolidation of PHS operations.
The possibility of a Center for the Study of Presbyterian and Reformed History and Theology was one of the most promising ideas to emerge from the task force's report.
The feasibility study was commissioned by the three entities as one of the first steps in the discussions.
For more information, contact Sharon K. Youngs, Communications Coordinator, Office of the General Assembly, 100 Witherspoon Street, Louisville, KY 40202-1396; phone (888) 728-7228, ext. 5750; email syoungs@ctr.pcusa.org.



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