The In Trust Center is committed to sharing learnings with its members. Through the In Trust Center’s current initiatives and over three decades of governance work, a collection of videos has been compiled to share with the greater membership.
Randy Thomann explains that for board members who feel inadequate about tackling finances, there is good news and bad news: The bad: Overseeing finances is every trustee's responsibility and cannot be passed along to colleagues who have a knack for numbers. The good: It's a shared responsibility, and CFOs have an obligation to help by presenting a school's finances in an understandable way. Board members of seminaries and theological schools should ask themselves whether their school is living within its means, and whether resources are being managed in a way that supports the mission.