RICHMOND, Va. — A Virginia Baptist couple has made a commitment of $1 million to Baptist Theological Seminary at Richmond to help retire the debt on its main campus building.
Concerned about the $2 million debt on the building that the seminary purchased in 1997, the anonymous donors have agreed to retire one-half of the amount.
They hope the gift will encourage others to provide the remaining $1 million. The seminary will receive the gift within the next six months.
“Until we have cleared the indebtedness on what we already have, we are hindered from moving on with our plans for expansion,” said seminary President Tom Graves. “These friends have clearly seen our problem and have made an extraordinary move toward its solution.”
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