bruce-church (http://bruce-church.myopenid.com/) has left a new comment on your post "Lutheran Seminary Fraud: Students Are Bankrupting ...":
It looks like the money for recently completed Honsey Hall at Bethany in Mankato must have come 100% from their endowment fund. It was begun in 2008 and completed by Fall 2010, but between 2008 and 2009, Bethany's endowment fund dropped in value by $17 million, the exact cost of the new building:
http://www.blc.edu/facilities/honseyhall/
http://www.blc.edu/news/bethanyreport/2008/III/?Story=5
http://www.blc.edu/webservices/webcam/?cam=HH
http://mankatofreepress.com/local/x1048526671/New-building-rising-at-BLC
http://gallery.blc.edu/v/campus/honseyhallconst/Honsey+Hall+Construction-12.jpg.html
http://www.usnews.com/education/articles/2010/02/02/which-schools-had-the-worst-performing-endowments
1 Jacksonville University $23,268,585 -59.7%
2 Southern Connecticut State University Foundation $7,050,102 -42.8%
3 Bethany Lutheran College $28,729,702 -37.6%
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The $17,305,000 drop in Bethany's endowment fund from 2008-2009:
http://www.nacubo.org/Documents/research/2009_NCSE_Public_Tables_Endowment_Market_Values.pdf
p. 15 of PDF:
629 Bethany Lutheran College MN 28,730 46,035 -37.6
