News from the Hill December 16, 2009 | back to index
December 13, 2009
Andover Newton Theological School and Colgate Rochester Crozer Divinity School have agreed to end merger discussions. The institutions remain committed to developing a new model for theological education and will continue to explore collaborative academic programming.
A joint statement by Nick Carter, of Andover Newton and Eugene C. Bay, of CRCDS, stated, “The Boards of Trustees of both institutions had determined from the outset of our discussions that the proposed merger had to be financially viable with certain fundamentals secured in order to proceed. Those key elements, which were absolutely essential to creating a sustainable business model, are not able to be met at this time.”
President Bay continued, “We were motivated by the conviction that a joint venture could usher in a new model for graduate theological education. Naturally, we are disappointed that economic realities have not allowed our vision to come to fruition at this time. Because both institutions have the utmost respect and admiration for each other, we are undiminished in our commitment to a continuing collaborative academic and programmatic partnership.”
President Carter acknowledged the dedication and level of professionalism of the negotiating teams. “The negotiations have demanded a great deal of us. They required intensive research and discussion, which were only possible through the thoughtful deliberations of the core team and three hard-working sub-committees. President Bay and I are deeply grateful to all who helped us through this process.”
The work to transform theological education will continue, President Carter observed. “Our ultimate goal is to create a robust model of theological education that will prepare transformative leaders for the new horizons of ministry in the 21st century. We will continue to pursue this vision and look forward to the day when our two schools will be able to stand together in the realization of that vision.”