SVS, in its commitment to provide on-campus housing for married students, currently carries a $2.4M debt on the newly built Lakeside Student Apartments. Principal and interest payments on the Lakeside Apartments amount to approximately $125K annually.
The seminary's Board of Trustees is independent, experienced, and diverse. Its membership, drawn from the various Orthodox jurisdictions that the Seminary serves, includes clergy and laity distinguished by their achievements in such fields as finance, business, media, law, medicine, and education. In addition to participating in regular meetings of the full Board, trustees express their commitment to the Seminary and its mission through service on various Board committees, thus enabling the Board to govern more effectively.
The Board of Trustees oversees the integrity of the Seminary's financial statements and emphasizes financial accountability. For many years the Seminary has hired an external auditing firm that releases public financial statements.
In May 2011, the Board of Trustees of St. Vladimir's Orthodox Theological Seminary embarked upon a strategic planning process in order to assess the progress of our institution in living out its mission and to determine what is necessary for the Seminary to continue to do so into the future. The Board secured the services of Dr. Antonios Kireopoulos, an Orthodox Christian and seminary alumnus with an extensive background in organizational management, to coordinate the plan, and the Board remained closely involved throughout the entire planning process.
The process was overseen by a Steering Committee that, in addition to Dr. Kireopoulos, included: the Board Executive Chair, first Mrs. Anne Glynn Mackoul and then Mr. Alex Machaskee; the Dean, the Very Rev. Dr. John Behr; and the Chancellor (CEO), the Very Rev. Dr. Chad Hatfield. Many of our hieararchs, trustees, alumni, faculty, students, and staff participated in the planning process, resulting in our SVS Strategic Plan 2020.
*Note: due to issues of confidentiality and to ensure anonymity of the persons surveyed, referenced Appendices are not included in the final Strategic Plan report.