Frequently Asked Questions Regarding the Conclusion of Operations
– July 31, 2026
Dear MTS Community,
Grace and peace,
As we continue walking together through this season of transition, I want to share the following Frequently Asked Questions regarding the conclusion of operations of Memphis Theological Seminary on July 31, 2026. It is a deeply sad moment for all who cherish the Seminary’s historic mission and witness. Yet, as people of faith, we do not grieve as those without hope.
After careful prayer, consultation with legal counsel, and thoughtful planning, we are committed to navigating this transition with clarity, integrity, and care for all involved.
Memphis Theological Seminary
Frequently Asked Questions
Regarding the Conclusion of Operations – July 31, 2026
How will students be cared for?
Students remain our highest priority.
Memphis Theological Seminary has entered into a comprehensive teach-out arrangement with Perkins School of Theology at Southern Methodist University.
Key elements of this teach-out include:
• 100% tuition scholarships for eligible MTS students who transfer to Perkins (students will be responsible for standard fees that apply to all SMU Perkins students)
• Seamless degree continuation with minimal disruption
• Academic advising and transcript coordination
• Continued accreditation compliance throughout the teach-out period
Students may complete their programs either through this teach-out arrangement or through other approved transfer pathways. The seminary administration is working individually with each student to ensure clarity and continuity.
How will faculty and staff be cared for?
The Board of Trustees has approved a Retention and Severance Plan to support faculty and staff during this transition.
This plan provides continued employment through July 31, 2026, along with a structured severance package recognizing faithful service. Additional support for professional transition will also be provided where possible.
We remain deeply grateful for the dedication, professionalism, and grace our faculty and staff continue to demonstrate.
What will happen to the endowments and who will manage these funds?
Memphis Theological Seminary is committed to honoring donor intent.
Our total endowment is approximately $15 million. Of that amount, roughly $12 million has been contributed by Cumberland Presbyterians or designated specifically for the theological education of Cumberland Presbyterian ministers. These funds will be retained by an organization within the Cumberland Presbyterian Church and managed for the continuing support of ministerial formation.
The remaining approximately $3 million carries specific designations:
- $2.1 million for United Methodist theological education
- $300,000 for the Black Church
- $100,000 for the Christian Methodist Episcopal Church (CME)
- $250,000 for Presbyterian Church (USA)
- $250,000 non-denominational
Perkins School of Theology will assume the management of these funds, which will continue to be used in support of ecumenical theological education in Memphis and the Mid-South.
Throughout this process, we are working closely with legal counsel, regulatory authorities, and donor families to ensure faithful stewardship.
Will the corpus of donor endowments remain intact?
Yes.
The Seminary intends that the principal (corpus) of donor-designated endowments will remain intact in accordance with donor agreements and applicable law. Preserving the principal is central to responsible stewardship.
What will happen to the property?
The Memphis campus property will be marketed for sale as part of the orderly wind-down process.
The historic Newburger Home (Founders Hall), listed on the National Register of Historic Places, is expected to be preserved in its original architectural design in any future development.
Will the Program of Alternate Studies (PAS) continue?
Yes.
The Cumberland Presbyterian Church has expressed its desire for the Program of Alternate Studies (PAS) to continue as an important pathway for ministerial preparation.
Details regarding future oversight and administration are being finalized in consultation with denominational leadership to ensure continuity.
How will academic records be preserved?
Following July 31, 2026, permanent custody of Memphis Theological Seminary academic records will transfer to Bethel University in McKenzie, Tennessee.
Beginning August 1, 2026:
• Transcript requests and degree verifications will be handled by the Bethel University Office of the Registrar (731) 352-6385
• Records will be maintained securely and in compliance with FERPA and applicable laws
This arrangement ensures long-term preservation and reliable access for alumni and former students.
How can alumni and friends stay informed?
We will continue providing updates through:
• Direct email communications
• Website announcements
• Denominational communications
• Opportunities for questions and dialogue
You can also find this information prominently posted on our website at: MemphisSeminary.edu.
We invite you to continue praying for our students, faculty, staff, and alumni. Though this chapter is closing, the legacy of Memphis Theological Seminary lives on through its graduates and their ministries around the world.
Thank you for your continued prayers, support, and faithfulness during this time.
Blessings,
Rev. Dr. Jody Hill
President