Candler offers a new program called "Faith and Finance" for our Master of Divinity (MDiv) students as part of our commitment to provide a comprehensive approach to financial literacy for seminarians.
Beginning in 2013-2014, the program is being rolled out over a three-year period, corresponding to the three years of the MDiv curriculum. All MDiv students will participate in the program to help learn how to manage finances as they:
transition into seminary life
train for life as ministerial professionals
transition out of seminary and face the challenges of taxes, children's education and retirement
Integrated into the MDiv curriculum through First-Year Advising Group, Second Year Con Ed Reflection Group, and Final Year Advising, the Faith and Finance program is led by Candler faculty, with consultation from financial planning professionals who are scheduled meet with students face-to-face at various points in the program.
The program also includes a collection of online resources—video podcasts, study guides and other tools—designed to help navigate issues of financial responsibility.
Year 1: Counting the Cost of Theological Education (beginning 2013-2014)
Issues of lifestyle, budgeting, student loans and consumer debt as you transition into seminary.
Year 2: Financial Leadership within the Congregation (beginning 2014-2015)
Managing and administering the finances of your church.
Year 3: Life after Seminary (beginning 2015-2016)
Tax issues, retirement planning and savings as these relate to the special circumstances of church leaders.
Maggie Kulyk, private wealth advisor with Ameriprise Financial
Ed Inman, financial advisor, Park Avenue Securities
Beth Smith, personal financial coach
Candler's Financial Literacy program is made possible through a $250,000 grant from the Lilly Endowment Inc. Candler is one of 16 theology schools chosen to pioneer an integrated program of financial literacy for seminary students and religious professionals as part of Lilly's "Theological School Initiative to Address Economic Challenges Facing Future Ministers."