March 4, 2002
Truett Seminary dean asks churches
to endow student scholarship funds
___WACO--Texas Baptists can join a club that will make an everlasting difference in the state's churches, Paul Powell insisted.
___Powell, dean of Baylor University's Truett Theological Seminary, has asked churches and individuals to join the seminary's 500 Club, which will endow student scholarships.
___"I need your help," Powell wrote in an open letter to Texas Baptists. "Between 500 and 700 of our churches--11 percent--are without a pastor at any one time.
___"Because the need is so great, I am looking for 500 churches and/or individuals who will each endow a $30,000 scholarship to Truett Seminary. This will enable us to give a partial scholarship to each of the 500 students I expect to have within three years." Truett currently enrolls 300 students.
___Scholarship endowments may be paid at once or in $5,000 annual increments for six years, Powell suggested.
___Endowment gifts should not compete with contributions to other Baptist General Convention of Texas causes, he stressed. "I don't want this to take away from your cooperative gifts to Texas. We believe in and benefit from these gifts and do not want to compete with them in any way. This needs to be a special one-time project."
___Powell quoted the seminary's namesake, legendary Texas pastor George W. Truett: "The only good of money is the good you do with money."
___"This is a good thing," Powell said of the endowment fund. "Our people are good and generous, and they will support this worthy cause if we give them a chance. ...
___"Texas Baptists need Truett Theological Seminary, and Truett needs you."
___Powell may be contacted by e-mail, Paul_Powell@baylor.edu; fax, (254) 710-7234; phone (254) 710-6089; or mail, P.O. Box 97126, Truett Seminary, Waco 76798-7126.
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