Funders to approach for Andover Newton Theological School

Andover newton was a graduate theological school training and preparing men and women for christian ministry in the church and the world which suspended all academic activities in june 2019. For fiscal year 2020 through its dissolution in june 2023 the school maintained its legal status per terms of its affilaition agreement with yale divinity school. Beginning in fiscal year 2019 the school and yale university established a congregational studies program within yale divinity school with an academic focus that will substantially be similar to andover newton's academic program. To establish this program the school sought and received approval from the attorney general of the commonwealth of Massachusetts to transfer its endowment to yale. The endowment transfer took place in february 2019 and under the agreement the remaining proceeds from the sale of the school's campus (with the final payment in december 2022) and other assets will be transferred to yale upon formal dissolution approval by the commonwealth of Massachusetts' attorney general and supreme judicial court. On january 13, 2023, the board of trustees of Andover Newton Theological Schoolunanimously approved the school be voluntarily dissolved by the preparation and presentation of a dissolution petition to the office of the attorney general of the commonwealth of Massachusetts and the supreme judicial court, pursuant to m.g.l. C. 180, 11a(d). On june 2, 2023, the supreme judicial court of the commonwealth of Massachusetts with the assent of the commonwealth's attorney general approved this petition and ordered Andover Newton Theological School be dissolved as an existing Massachusetts corporation in accordance with the provisions of section lla(d) of the Massachusetts general laws. With respect to any interest in a will, estate instrument or trust instrument, yale university shall be deemed as successor in interest to Andover Newton Theological School, all proceeds to be used for the purposes of the andover newton seminary at yale divinity school. The assets transferred to yale will be managed as part of the yale endowment with all funds specifically retained in the name of andover newton…