wfn.org | GAC Approves Property Transfer for Barber-Scotia College

[PCUSA NEWS <pcusa.news@ecunet.org>]

19-February-2000 
00085 
 
    GAC Approves Property Transfer for Barber-Scotia College 
 
    by Evan Silverstein 
 
LOUISVILLE, Ky. - Property at Barber-Scotia College, now owned by the 
Presbyterian Church (U.S.A.), will be transferred to the school thanks to 
an action taken by the General Assembly Council (GAC) during its meeting 
here on Saturday, Feb. 19. 
 
    GAC approval came as part of a recommendation from the National 
Ministries Division Committee in conjunction with Mission Support Services. 
The church and the Presbyterian-affiliated school in Concord, N.C., had 
been engaged for some time in negotiations to transfer the property to the 
school's board of trustees. 
 
    Ownership of the property, which has an estimated market value between 
$10 million and $12 million, will enable Barber-Scotia to more fully shape 
its own future, while at the same time maintaining a covenant partnership 
with the PC(USA) and participation in the Christmas Joy Offering, the 
recommendation said. 
 
    The college is a four-year, coeducational institution accredited by the 
Southern Association of Schools and Colleges. The college was financially 
stressed in the mid-'90s, but has made progress in building a more secure 
financial base. 
 
    "With excellent cooperation, the appropriate officers of the National 
Ministries Division (NMD), Mission Support Services (MSS), Legal Services 
and Property Services have crafted a document which expressed both the long 
and faithful partnership of the Presbyterian Church and Barber-Scotia 
College, and the technical details of the transfer," the recommendation 
said. 
 
    Expenses related to the transfer of ownership are being covered by the 
budgets of NMD, MSS, Legal Services and Property Services. 

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