The president of Colgate Rochester Crozer Divinity School in Rochester, New York, plans to retire next year from the American Baptist–related seminary amid signs that the school’s downsizing may help it regain financial stability.
G. Thomas Halbrooks, 64, will leave next July after five years as president and professor of church history, allowing his successor to carry out a five-year plan for a balanced budget and growth by 2009. The Rochester Democrat and Chronicle reported in May that the school’s deficit had neared $700,000 in the last academic year.
The faculty has shrunk to eight persons, but Halbrooks said the reduction was entirely by attrition rather than layoffs. “We have doubled our enrollment and our annual giving,” he said. Seminary board chair Nancy Abrams Gaess praised Halbrooks’s guidance in what she described as “one of the most tumultuous periods in our history.”