Carey would like to continue to expand and grow its endowment base, with Chair endowments, fund enhancement and new endowments to focus on expanding ministries. Carey would also welcome other smaller but directed funding possibilities such as support for the Centre for Spiritual Formation, growing our On-line distance education potential, and our Chinese ministry program.
Ministries that we currently engage in are constantly in need of ‘just a little bit more money” and so smaller fund amounts that can be pooled and focused, are of great value to the college. Assistance in resourcing the churches, participation in lay focused courses, gathering stakeholders together and the constant technology pressures.
Carey has a piece of land (Lot 42) on which to expand if planning costs and project financing are attained. There is the potential for 35,000 to 40,000sq ft of building on lot 42 and an additional 20,000 ft on lot 41. This plot of land is valued at approximately $7-10 Million.
Carey always welcomes any gifts towards the operations budget of the ministry.
Existing approved fundraising goals:
Our fundraising desire is for our Charles Bentall Chair, Erb-Gullison Chair, Pioneer McDonald Chair and Carey Chair in Theological Education and Mission to reach a status fund of $2,500,000 each. We are less than half per chair at present and one being in the $600K range.
We would like our Trinity Fund Student Aid fund reach $2,000,000 at it is currently half of that.
We would like to reach $350K – $500K for the Shirley Bentall Women’s Studies fund, Carey Resourcing/Seminars fund, Doctoral Studies fund, and our International Development fund.
|We would like to approve chair funds if donors comes forward for the following:|
|Chair in Biblical Studies $600,000||$2,500,000||$0|
|Premier Theologian $1,500,000||$2,500,000||$0|
|President’s Office (chair) $750,000||$2,500,000||$0|
|Multi-cultural Ministry $500,000||$2,500,000||$0|
|Misc directed funds $250,000||$ 500,000||$0|
|Seed money for projects $50,000 annually||$1,000,000||$0|