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Photo courtesy of Central Baptist Theological Seminary

A seminary’s calculated risk

CBTS president Molly T. Marshall

When Molly T. Marshall became pres­i­dent of Central Baptist Theological Seminary in 2004, the school was facing declining enrollment, millions of dollars in deferred maintenance, and major revenue problems. Over the next few years she led a refashioning of the institution, which began with cutting faculty by a third and the staff by half.

The seminary, affiliated with the American Baptist Churches, developed new degree programs as well as partnerships with Korean Americans, refugees from Myanmar, and a school in Myanmar. It sold its Kansas City campus and relocated to suburban Shawnee, Kansas. Finances have stabilized, and over the past five years enrollment has grown by nearly 180 percent.

 

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