Garrett-Evangelical Theological Seminary: Market Research Report

Background

Mission and Vision

Garrett-Evangelical Theological Seminary is dedicated to forming courageous leaders in the way of Jesus to cultivate communities of justice, compassion, and hope. Its vision is for the thriving of the Church and the healing of the world.

Historical Overview

Established in 1853, Garrett-Evangelical Theological Seminary is the result of the interweaving of three institutions:

• Garrett Biblical Institute: Founded in 1853 as the first Methodist seminary in the Midwest.

• Chicago Training School for City, Home, and Foreign Missions: Established in 1885, focusing on training women for ministry and social service.

• Evangelical Theological Seminary: Founded in 1873 to serve the Evangelical Church's German-speaking immigrant communities.

These institutions merged over time, culminating in the formation of Garrett-Evangelical Theological Seminary in 1974.

Location and Affiliation

Located on the campus of Northwestern University in Evanston, Illinois, Garrett-Evangelical maintains a strong affiliation with the United Methodist Church while fostering an ecumenical spirit.

Key Strategic Focus

Core Objectives

The seminary aims to prepare spiritually adventurous, intellectually daring, and deeply faithful leaders for service to the Church, the academy, and diverse cultural settings.

Areas of Specialization

Garrett-Evangelical offers a range of degree programs, including:

• Master of Divinity (M.Div.)

• Master of Arts (M.A.) in various disciplines

• Master of Theological Studies (M.T.S.)

• Doctor of Ministry (D.Min.)

• Doctor of Philosophy (Ph.D.)

These programs are designed to equip students for various forms of ministry, education, and leadership.

Primary Markets

The seminary serves a diverse student body from various denominations and cultural backgrounds, fostering an atmosphere of ecumenical interaction.

Financials and Funding

Endowment and Revenue

As of the end of the 2022 fiscal year, Garrett-Evangelical's endowment was valued at approximately $115 million, reflecting a 14.9% decline from the previous year. The seminary's estimated annual revenue is around $35 million.

Grants and Investments

The seminary has received significant grants, including a $500,000 grant and a follow-up sustainability grant of $250,000 from the Lilly Foundation to improve preaching in the church and the teaching of preaching in the seminary.

Technological Platform and Innovation

Technological Integration

Garrett-Evangelical utilizes advanced technology tools such as LinkedIn Insight Tag, Fastly, and PixelYourSite, indicating a commitment to innovation in digital engagement and marketing.

Leadership Team

President

• Javier A. Viera: Appointed as president in 2020, Viera brings a wealth of experience in theological education and leadership.

Dean

• Jennifer Harvey: Serving as the dean, Harvey oversees academic programs and faculty development.

Competitor Profile

Market Insights and Dynamics

The theological education sector is characterized by a diverse array of institutions offering various programs to prepare individuals for ministry, academia, and public service. The market is influenced by factors such as denominational affiliations, program offerings, and institutional reputations.

Competitor Analysis

Key competitors include:

• Trinity Evangelical Divinity School (TEDS): One of the largest seminaries globally, offering a range of graduate programs and affiliated with the Evangelical Free Church of America.

• Western Seminary: A graduate school of theology established in 1927, offering various theological programs.

Strategic Collaborations and Partnerships

Academic Partnerships

Garrett-Evangelical has established partnerships with several academic institutions to enhance learning opportunities:

• Northwestern University: A relationship spanning nearly 150 years, sharing resources such as courses, libraries, and technology.

• Association of Chicago Theological Schools (ACTS): A network of 12 Chicago-area theological schools, providing access to a vast array of courses and library collections.

Operational Insights

Accreditation

The seminary is accredited by:

• The Association of Theological Schools (ATS): Re-accredited through 2028.

• The Higher Learning Commission: Ensuring adherence to rigorous academic standards.

Diversity and Inclusion

Garrett-Evangelical is committed to diversity, equity, and inclusion, with initiatives such as:

• Center for the Church and the Black Experience: Focusing on the Black Church's impact and leadership development.

• Hispanic-Latinx Center: Addressing theological and practical aspects of ministry in cross-cultural contexts.