JosephC.HoughJr., who helped to rescue New York’s Union Theological Seminary from financial jeopardy during his eight years as president, announced April 24 that he will retire from the post in June 2008. Hough, 73, was lured out of a planned retirement in 1999 to lead the ecumenical seminary founded in 1836.
With many mainline Protestant denominations and the Catholic Church expecting fewer young pastors in coming years, the Fund for Theological Education (FTE) says that it will receive $6 million from the Lilly Endowment for matching grants to congregations that back seminarians starting their Master of Divinity studies.
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