Friday, April 5, 2024

LutherQuest on the Insolvency of Concordia University, Mequon.
Gloom and Doom for The Big Five - ELCA-LCMS-WELS-ELS-CLC (sic)!

 

Ankerberg earned his degrees at Marquette University, named after the Jesuit priest. "Marquette is a Catholic, Jesuit university with more than 11,000 undergraduate and graduate students in 11 nationally and internationally recognized colleges ..."


John Brenner also earned his Jesuit degree at Marquette University (named after the Jesuit priest).


On Monday, Concordia announced layoffs to address annual deficits of $2 million to $6 million in five of the last six years, according to the Milwaukee Journal-Sentinel. Earlier this year, CUW announced it intends to close its campus in Ann Arbor, Michigan, also due to budget concerns.

“Enrollment fell from nearly 6,000 students in 2016 to nearly 4,400 in the 2021-22 school year, the latest federal data available,” according to the Journal-Sentinel. Including Ann Arbor, the LCMS will have closed four colleges since 2018 due to declining enrollment and resulting budget crises. The closed colleges also had problems with leftist race and sex politics conflicting with Christian teaching. The LCMS is currently in a legal dispute with Concordia University Texas in Austin, which rejects church attempts to assert authority and address serious theological problems at the school.


Concordia staff declined to provide the types of positions being eliminated, the total cost savings associated with the layoffs and details on the three-year budget correction timeline.

Concordia's tax forms show the school has run a deficit in five of the last six years. The deficits ranged from $2 million to $6.3 million.The Concordia University System schools appear to be following this "trend":

See who responds to the problem first - Texas Governor Greg Abbott or LCMS President Matthew Harrison.