- Southwestern Baptist Theological Seminary, which is one of six seminaries affiliated with the Nashville-based Southern Baptist Convention, is on the verge of a financial “crisis.”
- Following the recent resignation of its chairman, interim South West leaders announce budget cuts, while the council leaks details of conflict and mismanagement.
- A major problem for Southwestern is that while its student enrollment has declined from Adam Greenway’s predecessor, the operating budget has increased.
A prominent Southern Baptist seminary is taking corrective action as it reels from a cascade of financial mismanagement and reputational damage spanning multiple presidential administrations.
The acting leadership of Southwestern Baptist Theological Seminary in Fort Worth, Texas, last week revealed to its board of trustees and the public details of its predicament following the resignation of President Adam Greenway in late September.