2020 ANNUAL REPORT
O UR MISSIO N
EDUCATING LEADERS TO SERVE CHRIST, HIS CHURCH, AND HIS WORLD THROUGH BIBLICAL THOUGHT AND LIFE
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2020 PRESIDENT’S REPORT This past year, Welch experienced record enrollment, the highest budget in the college’s history, solid gains in mission fulfillment, and the addition of several new programs. The big event for the year was the onset of the Coronavirus and the effect it has had and will have on the campus. Despite the challenges of this pandemic, God has blessed Welch. With the support of God’s people, we are poised to survive this storm and come out stronger than ever.
J. Matthew Pinson President
COVID-19 hit us hard during the spring and summer. Our students had to leave campus in March and weren’t able to come back until the fall, when we started on-campus classes back in full force. So many of our students have been drastically affected by this crisis. That is why we have begun a fundraising campaign to underwrite special scholarships so that needy students can continue their education throughout the academic year.
Our students are face-to-face, and the high school seniors who were so excited to begin their Welch journey this fall have enrolled. However, we need you to pray for safety on campus and that these students will have the funds they need to fulfill what they believe is God’s calling on their lives as they prepare for a life of Christian leadership and service at Welch College.
R E M A IN IN G TR U E T O OUR M I SSI ON AND PURPOSE Interacting with Welch students and teaching them and speaking to them in chapel are constant, poignant reminders of the mission and purpose of Welch College: to educate leaders to serve Christ, His church, and His world through biblical thought and life. I see in the eyes of the students with whom our Lord has blessed us a desire to learn how to make a transformative impact on their culture through the gospel of Christ, in the context of their DESPITE THE CHALLENGES roles as clergy and lay leaders in local churches as well as salt OF THIS PANDEMIC, GOD HAS and light in the professional world. BLESSED WELCH. WITH THE SUPPORT OF GOD’S PEOPLE, WE ARE POISED TO SURVIVE THIS STORM AND COME OUT STRONGER THAN EVER.
Their desire meshes with the emphasis on spiritual formation that pervades our campus community—a formation that is shaping not only our students’ hearts, but also their intellect and their character. As an alumnus or supporter of Welch, you would be proud of these students, and proud of the faculty who are pouring their lives into them.
One of these students is Debbie Driscoll, a member of the Class of 2020. Debbie came to Welch from Bulgaria, where her Bulgarian parents are missionary church planters. WELCH COLLEGE | 2020 Annual Report
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At Welch she majored in English and minored in Missions. She met her husband Brenton here, and they have gone to Bulgaria as full-time missionaries. Recently Debbie said: Welch was a whole new world for me—new country, new culture, new people, new educational system, new challenges, and new lessons. And yet all of these “new things” seemed to be united by the common denominator of “adventure.” . . . At Welch, I was challenged in more ways than I can count, both academically and spiritually. Academically, I was challenged to persevere and work toward what was good, true, and beautiful, no matter the cost. Spiritually, I was stretched more than I thought I could bear. . . . I am thankful for the spiritual growth that took place in my life during my time at Welch, because I believe that spiritual growth is what permits an even clearer vision of who Jesus is. C. S. Lewis illustrates this very well in his novel Prince Caspian. In the book, as Lucy comes face-to-face with the Christ figure Aslan, she finds out that the Great Lion has grown since she last saw him. In truth, it is Lucy’s faith that has grown, not Aslan. The Great Lion seems bigger simply because Lucy can see more of him now. Over the course of time, Aslan has transformed Lucy’s faith into the kind of faith that will transform Narnia. Aslan also requires that Lucy show the courage of a leader. In other words, He requires that Lucy perform the role she seems least qualified to perform. Yet He does not instruct that she 2
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do it in her own strength. . . . I cannot tell you how many times I experienced Christ’s role as my strength-giver and sustainer while at Welch. He gives strength to the weary and increases the power of the weak. He does not require His people to walk alone and do His will isolated from His presence. Instead, He offers to carry His beloved children and strengthens them along the way. . . . God definitely strengthened me during my time in college. He strengthened me not only through His Word, but also through His people at Welch.” Welch continues to have a life-transforming impact on students like Debbie by inviting them into the rich adventure of the true, the good, and the beautiful, which are ultimately found only in Christ. At Welch, our students WELCH CONTINUES TO HAVE find out what this A LIFE-TRANSFORMING vision of the world means for gospel IMPACT ON STUDENTS BY evangelization and INVITING THEM INTO THE the renewal of famRICH ADVENTURE OF THE ilies, churches, and cultures. With our Godgiven mission
TRUE, THE GOOD, AND THE BEAUTIFUL.
and purpose firmly at the college’s center, God has sustained Welch in good times and in bad times. At this point we don’t know what that looks like in the midst of the fallout from the Coronavirus pandemic. Experts believe that higher education—especially private colleges and universities that rely for the majority of their income on dorm students—will be one of the hardest-hit sectors by the COVID-19 economy. We have seen this in a decrease in enrollment of about 18%, with families facing job losses, salary decreases, and uncertainty, and many of them having to keep their children at home rather than sending them off to college. Yet we are confident that, with the financial support of our denomination, alumni, and donors, we can make it through this crisis.
L O O K I NG FORWARD TO G R O W TH AFTER THE C O R O NAVI RUS CRI SI S The approach we are taking is to engage in crisis management and get through the 2020-21 fiscal year, and the summer after it. Then higher education experts are predicting that the colleges that survive the crisis will be met with increased enrollments in the 2021–22 academic year, as many students who sat out a year or went to a local community college will be ready to go to their first-choice college, and the economy will have bounced back. Our financial picture for last year (2019–20 fiscal year) was much better than we projected it would be at onset of the Coronavirus pandemic. We predicted we would have a deficit of more than $1.75 million, owing to the loss of room and board income, COVID19-related expenses, and a downturn WELCH COLLEGE | 2020 Annual Report
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in gifts because of the impairment of our donors’ finances as well as the inability to travel and raise funds during the spring months—the most important time of our fundraising year. Yet we are thankful that our operational deficit at the May 31 fiscal year-end was only $906,054. This lower-than-anticipated deficit will help us remain financially stable even in the midst of unprecedented anticipated losses in enrollment and gifts in the 2020–21 fiscal year. We are confident that, with the help of God’s people, we will be able to recover after the crisis recedes. The good news is that Welch was stronger than most colleges going into the crisis, and that means we will be more prepared to jump-start things after the crisis has abated. Moody’s Investors Service recently reported that fewer than six percent of private colleges and universities have three months or more of cash reserves, and around 30% have been experiencing budget deficits for several years. Residential colleges and universities have also been witnessing shrinking enrollments, as more students stay home and commute to free community colleges or attend online programs, and as the number of high school seniors declines. Yet Welch has been able to buck these trends in recent years, and this means we will have a better chance of bouncing back strong once the present difficulty subsides. For one thing, we have the advantage of being a lower-cost private college. Only six private colleges and universities in Tennessee (20%) have lower tuition than Welch. Our tuition is about $8,000 less than the average of accredited private colleges and universities in the Tennessee Independent Colleges and
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Universities Association (TICUA). However, the statistic that is most encouraging is Welch’s record of enrollment growth in a time when private higher education is largely plateaued or declining. Data from TICUA shows that Welch’s FTE (full-time equivalent) enrollment has grown by 36% over the past ten years, as compared with a 9% increase in TICUA schools as a whole. Even more encouraging is the comparative numbers over the past five years. Welch’s FTE (full-time equivalent) enrollment has grown by 18% over the past five years, as compared with TICUA schools as a whole, whose overall FTE enrollment has dropped by less than 1%. Only one out of the other 33 TICUA institutions had a higher five-year enrollment increase than Welch. We continue this record of growth: This past academic year we had our highest enrollment in thirty-six years, with an annual enrollment of 489 students. Our new campus and the new academic programs we have unveiled in recent years— including new undergraduate programs in nursing, math education, and computer science as well as master’s degree programs in theology, ministry, teaching, and special education—are fostering this enrollment growth. We are thankful for these trends at a time when traditional, private, residential colleges are having difficulty maintaining enrollments—especially of 18 to 22-year-old dormitory students—in the face of the proliferation of cheap online learning. And we believe this strength going into the COVID19 pandemic will help us come back strong after it’s over.
W E N E E D Y O U R H E LP However, we won’t be able to experience a rebound unless friends of Welch continue steadfast in their financial support of the college. There is no doubt that we are in for some tough times because of the impairment of our donors’ financial situation in the midst of the current crisis. Yet we are asking our donors who still can to sustain the level of support they have been providing for Welch up to this point. Some of them will be in a position that they can make special gifts to make up for the shortfall we will inevitably face. Many of our supporters have asked how they can help, and the best way is through the COVID-19 Relief Fund we have set up. Gifts to this fund will enable Welch to deal with this crisis and students to continue their education who otherwise wouldn’t be able to because of economic difficulties their families are facing resulting from the Coronavirus. With the financial help of God’s people, we will be able to survive this crisis and come back stronger than ever. So I ask you to continue to support us and support our students, if you are financially able to, and to pray that God will undergird our beloved institution at this crucial time.
The most important thing that I can ask you to do is to pray for Welch and to encourage students to consider us. Pray that God will sustain Welch during this current crisis, and that He will make it stronger. Pray for our students and the faculty and staff who invest in their lives daily. Pray for prospective students who are considering Welch for their college education. Pray for donors whom we believe God is leading to make a significant difference in the future of Welch and its kingdom impact. Pray about what God would have you do to be a part of the ongoing mission of your college, and encourage students you believe would benefit from the Welch experience to come this fall. With sincere thanks,
J. Matthew Pinson President
BOARD OF TRUSTEES M R. M I K E A R MS TR O N G
REV. SHI LOH HACKETT
SECRETARY Assistant Principal, Northwest Elementary School Wheelersburg, OH
Pastor, Bethlehem Free Will Baptist Church Ashland City, TN
D R . W I L L B E A U C H A MP
Pastor, New Life Fellowship Free Will Baptist Church Statesboro, GA
VICE-CHAIRMAN Pastor, First Free Will Baptist Church of Tampa Seffner, FL
D R . J EF F C R A B T R E E CHAIRMAN Pastor, Serenity Free Will Baptist Church Fredericton, New Brunswick, Canada
R E V. T IM C A MP B E L L Pastor, First Free Will Baptist Church Walnut Ridge, AR
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REV. WAYNE M I RACLE
REV. BRAD RYAN Pastor, Ina Free Will Baptist Church Ina, IL
REV. THERON SCOTT Pastor, Horse Branch Free Will Baptist Church Turbeville, SC
REV. CHRI S TRUETT Pastor, Bethel Free Will Baptist Church Kinston, NC
R E G I S T R AT I O N R E P O R T Total Enrollment: 489 STAT E S
C LA S S IFI CATI ON
OTHER CATEGORI ES
Alabama.......................................... 14 Arkansas............................................ 9 California.......................................... 4 Florida............................................ 14 Georgia........................................... 10 Illinois............................................. 13 Indiana.............................................. 2 Iowa.................................................. 1 Kansas............................................... 3 Kentucky........................................... 2 Michigan........................................... 6 Mississippi......................................... 4 Missouri.......................................... 13 New York.......................................... 1 North Carolina................................ 35 Ohio................................................. 7 Oklahoma......................................... 4 Rhode Island .................................... 2 South Carolina ................................. 6 South Dakota.................................... 1 Tennessee ..................................... 304 Texas................................................. 1 Virginia........................................... 12 West Virginia.................................... 1 US Virgin Islands.............................. 3 International................................... 17
Freshman...................................... 115 Sophomore...................................... 93 Junior.............................................. 64 Senior.............................................. 51 Graduate (Degree-seeking).............. 40 Non-degree Part-time...................... 27 Dual Enrollment............................. 99
Full-Time.................................. 240 Part-Time.................................. 249
V O C ATI ONAL
Dorm........................................ 190 Commuter................................... 65 Adult Studies............................... 55 Online Studies............................. 40 Graduate Studies ......................... 40 Dual Enrollment.......................... 99
Christian Ministry (Grad)........... 25 Christian Ministry (Bach)**........ 46 Christian Ministry (Assoc)........... 12 Missions .................................... 14 Biology (TE Licensure: 2)........... 11 Business...................................... 47 English (TE Licensure: 9)............ 19 Exercise Science (TE Licensure: 2).12 General Studies........................... 61 History (TE Licensure: 3)..............6 Humanities and Arts.....................3 Music (BME Licensure: 2).............7 Psychology................................... 28 Science/Nursing........................... 29 Teacher Education***................... 74 Non-degree Part-time................... 27 Dual Enrollment.......................... 99
Male.......................................... 229 Female....................................... 260 Single........................................ 387 Married..................................... 102
New............................................. 40 Transfer....................................... 17 Continuing................................ 326 Re-admit........................................ 7 Dual Enrollment.......................... 99 Free Will Baptist........................ 274 Other........................................ 215
T H E S T U D E N T B O D Y R E P R E S ENTS 24 STATES, 1 TERRI TORY ( USA) , A N D 5 IN T E R NATI ONAL COUNTRI ES (BULGARIA, CANADA, JAPAN, PANAMA, AND SPAIN). *Multiple students pursuing multiple degrees. **Pursuing vocational Christian ministry: Pastoral, Youth and Family, and General Christian Ministries. ***This number includes all undergraduate and graduate teacher education students, including those pursuing secondary education, who are also counted in their respective programs of study. WELCH COLLEGE | 2020 Annual Report
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TOP GIVING CHURCHES
8
1.
First Free Will Baptist Church
2.
Albany
GA
$44,530.00
Unity Free Will Baptist Church
Greenville
NC
$37,239.90
3.
Horse Branch Free Will Baptist Church
Turbeville
SC
$36,516.80
4.
Lebanon Free Will Baptist Church
Effingham
SC
$28,322.18
5.
Bethel Free Will Baptist Church
Chapmansboro
TN
$19,588.40
6.
Hatfield Free Will Baptist Church
Hatfield
AR
$19,000.00
7.
Ebenezer Free Will Baptist Church
Glennville
GA
$13,000.00
8.
Bethel Free Will Baptist Church
Kinston
NC
$12,900.00
9.
Connect Church
Russellville
AR
$12,330.22
10.
Sutton Free Will Baptist Church
Pocahontas
AR
$11,956.00
11.
New Hope Free Will Baptist Church
Joelton
TN
$11,686.00
12.
The Donelson Fellowship
Nashville
TN
$10,631.93
13.
Calvary Fellowship Free Will Baptist Church
Fenton
MO
$10,405.00
14.
First Free Will Baptist Church
Dothan
AL
$9,205.24
15.
First Free Will Baptist Church
Northport
AL
$8,801.27
16.
Red Bay Free Will Baptist Church
Red Bay
AL
$8,030.51
17.
Garner Free Will Baptist Church
Garner
NC
$7,410.00
18.
Bethlehem Free Will Baptist Church
Ashland City
TN
$7,371.00
19.
Tippett’s Chapel Free Will Baptist Church
Clayton
NC
$6,167.04
20.
Grace For The World Ministries
Dickson
TN
$6,000.00
21.
Peace Free Will Baptist Church
Wilson
NC
$6,000.00
22.
Peace Free Will Baptist Church
Florence
SC
$5,855.00
23.
Serenity Free Will Baptist Church
Fredericton
NB
$5,427.11
24.
Liberty Free Will Baptist Church
Marion
NC
$5,370.00
25.
Pine Level Free Will Baptist Church
Alma
GA
$5,178.00
26.
Hurricane Chapel Free Will Baptist Church
Waverly
TN
$5,000.00
27.
Ina Free Will Baptist Church
Ina
IL
$4,988.00
28.
Porter Free Will Baptist Church
Sciotoville
OH
$4,943.00
29.
Immanuel Free Will Baptist Church
Durham
NC
$4,902.00
30.
Bay Branch Free Will Baptist Church
Timmonsville
SC
$4,775.00
31.
First Free Will Baptist Church
Washington
NC
$4,283.00
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32.
First Free Will Baptist Church
33.
Vernon
AL
$4,274.90
Fairview Free Will Baptist Church
Spartanburg
SC
$4,197.65
34.
Bethany Free Will Baptist Church
Timmonsville
SC
$4,125.00
35.
Liberty Free Will Baptist Church
Lawley
AL
$4,090.21
36.
Connect Church
Tupelo
MS
$4,000.00
37.
First Free Will Baptist Church of Tampa
Seffner
FL
$3,986.00
38.
Temple Free Will Baptist Church
Winterville
NC
$3,980.00
39.
First Free Will Baptist Church
North Little Rock
AR
$3,966.00
40.
Cross Timbers Free Will Baptist Church
Nashville
TN
$3,839.34
41.
First Free Will Baptist Church
Walnut Ridge
AR
$3,795.00
42.
White Oak Hill Free Will Baptist Church
Bailey
NC
$3,761.00
43.
Sherwood Forest Free Will Baptist Church
New Bern
NC
$3,703.17
44.
Fellowship Free Will Baptist Church
Kingsport
TN
$3,600.00
45.
Piney Grove Free Will Baptist Church
Chipley
FL
$3,431.91
46.
Sand Hill Free Will Baptist Church
Coward
SC
$3,424.00
47.
Lighthouse Free Will Baptist Church
Effingham
SC
$3,318.68
48.
First Free Will Baptist Church
Sulligent
AL
$3,281.30
49.
Hazel Dell Free Will Baptist Church
Sesser
IL
$3,250.00
50.
Mt. Harmony Free Will Baptist Church
Vernon
AL
$3,225.37
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REGIONALLY & NATIONALLY ACCREDITED TO OFFER ASSOCIATE’S, BACHELOR’S, & MASTER’S DEGREES 10
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STUDENTS REPRESENT
24 STATES
5
COUNTRIES
RANKED 16TH BEST REGIONAL COLLEGE IN THE SOUTH 2020 RANKINGS
67%
FACULTY WITH HIGHEST DEGREE IN FIELD OF STUDY
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T O P G I V I N G A S S O C I AT I O N S
Tennessee State Association of Free Will Baptists
78,430.27
Alabama State Association of Free Will Baptists
41,915.07
Arkansas State Association of Free Will Baptists
40,111.29
Missouri State Association of Free Will Baptists
28,927.70
Oklahoma State Association of Free Will Baptists
23,700.03
Mississippi State Association of Free Will Baptists
11,374.95
Texas State Association of Free Will Baptists
6,797.03
Ohio State Association of Free Will Baptists
4,976.86
Georgia State Association of Free Will Baptists
3,535.45
Illinois State Association of Free Will Baptists
3,185.07
Florida State Association of Free Will Baptists
2,346.05
North Carolina State Association of Free Will Baptists
2,192.94
WELCH FUND GIFTS Tennessee................ $275,214.94 Georgia................... $178,983.06 North Carolina........ $159,653.45 South Carolina........ $113,268.76 Missouri.................... $80,194.42 Oklahoma................. $77,915.82 Arkansas.................... $73,099.30 Alabama.................... $62,176.26 Florida...................... $46,075.92 Illinois....................... $28,124.07 Mississippi................. $23,271.95 Ohio......................... $19,196.86 Kentucky................... $12,117.84 12
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Texas........................... $7,276.49 Michigan..................... $6,401.78 West Virginia.............. $6,055.06 Canada........................ $5,193.54 Virginia....................... $3,700.31 California.................... $3,519.70 Washington................. $2,876.02 Kansas......................... $2,530.50 Indiana........................ $1,799.44 Colorado..................... $1,600.00 Idaho........................... $1,550.00 Virgin Islands.............. $1,542.38 New Mexico................... $948.59
Arizona........................... $946.78 Pennsylvania................... $500.00 New York....................... $450.00 District of Columbia...... $300.00 Oregon........................... $277.71 Hawaii........................... $250.00 Louisiana........................ $250.00 Brazil.............................. $180.00 Maryland....................... $108.90 South Dakota................... $50.00
TOTAL...............$1,197,599.85
C O R P O R AT E D O N O R S A N D F O U N D AT I O N G I F T S $1 0 0 , 0 0 0 +
UNDER $1,000
Free Will Baptist Foundation National Christian Foundation
Alvy’s Auto Electric Amazon Smile Bank of Tennessee Camp Sonshine, Inc. Clayton Properties Group, Inc. Curtis Builders, LLC Dollar General Free Will Baptist Board of Retirement Gallatin Chamber Foundation Hunter Home, LLC Joyce S. Reid Promotions Kroger MobileCause, Inc. National Association of Free Will Baptists Network for Good Overman Buildings, Inc. Puryear Farms, Inc. Randall House Publications Stepp Pest Control, Inc. T & K TRT The Community Foundation of Middle Tennessee TNHomesites.com, GP YourCause, LLC
$1 0 , 0 0 0 - $4 9 , 9 9 9 Anonymous Do Unto Others Trust Dorothy R. Benson Living Trust Leah Waddell Scholarship Fund Newberry Family Foundation, Inc. Sumner Regional Medical Center
$1 , 0 0 0 - $ 9, 9 9 9
A. Louis Scarmolin Trust Bone McAllester Norton PLLC Carolyn L. Schwieger Trust Coker, Wolfe & Associates, Inc. Dr. Ming Wang, MD, PhD and the Common Ground Network FirstBank Free Will Baptist North American Ministries HarperCollins Christian Publishing Howard R. Price Trust Lewis Letterworks MGN Family Foundation NHC Place, Sumner North Carolina WAC Welch College Alumni Association Wilson Bank & Trust Women Nationally Active for Christ
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DONORS F OU N D E RS ’ C I R C L E ($100,000+) Mr. Phillip D. Faircloth Mr. and Mrs. W. O. Powers
PRE S I DE N T ’ S C IR C L E ($20,000 - $99,999) Mr. and Mrs. James W. Beasley Mr. and Mrs. Benjamin S. Evans Dr. and Mrs. Paul Inbody Mr. Tilden E. Parks, Jr. Mr. Glen Roberts
L EGA C Y C I RC LE
($10,000 - $19,999) Anonymous Mr. and Mrs. Mac Atkinson, Sr. Mrs. Edna M. Leckrone
HE RI TA GE C I RC LE
($5,000 - $9,999) Mr. John Wayne Bryan, Sr. Mr. Zenis R. Childress Dr. and Mrs. Richard Frazier Mr. and Mrs. Watson Hall Mr. and Mrs. Carol K. Harvey Mr. Fred T. Keifer, Jr. Mrs. Phyllis Maple Mr. and Mrs. Marvin L. Mouser Mr. Nolan E. Purcell Mr. and Mrs. Eddie Richardson Drs. Douglas and Judy Simpson Mr. and Mrs. Donald L. Smith Mr. and Mrs. Van J. Stewart Mr. and Mrs. Gary W. Wright
EX EC U T I V E C I RC L E
($2,500 - $4,999) Mr. and Mrs. Ramon Fernandez Andes Ms. Vicki L. Cherry Chaplain and Mrs. Robert P. Cooper Dr. and Mrs. Jeffrey A. Crabtree Rev. and Mrs. Mike Edwards Rev. and Mrs. William W. Evans Capt. E. Blant Ferguson Mr. and Mrs. James S. Futrell Mr. Jules Hancart Mr. and Mrs. Jimmy L. Holley Col. and Mrs. Mark Johnson Dr. and Mrs. Paul G. Ketteman Mr. and Mrs. Jason King Dr. Carol Malone-Cooper 14
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Mr. and Mrs. James Maute Mr. and Mrs. Daniel H. Melvin Mr. and Mrs. William L. Penwell Dr. Robert E. Picirilli Dr. and Mrs. J. Matthew Pinson Mr. and Mrs. Leon M. Sandifer Mr. and Mrs. Thomas A. Sass Dr. Wright S. Skinner Mrs. Karen M. Sparks Mr. and Mrs. G. C. Williamson Rev. and Mrs. David Williford Mr. and Mrs. John G. Zubor
L E A D E R SHI P CI RCLE
($1,000 - $2,499) Anonymous Mrs. Janie Aldridge Mr. and Mrs. J. W. Allen Rev. and Mrs. Billie Charles Barlow Dr. and Mrs. Will O. Beauchamp Rev. and Mrs. Terry Beck Mr. and Mrs. Michael A. Beck Mrs. Verla Blowe Mr. and Mrs. Rodney D. Bowen Mr. and Mrs. James O. Brewer Mr. Ronald L. Brown Mr. and Mrs. Robert T. Bryan Mr. and Mrs. Robert Bryan, Jr. Mrs. Helen Y. Cannon Rev. and Mrs. Tommie D. Carlson Mr. and Mrs. James R. Carr Mr. T. Ross Clark Rev. and Mrs. Russell Clouse Mr. and Mrs. W. Glenn Cole Rev. and Mrs. Jacob M. Creech Mr. and Mrs. Thomas A. Davis Mr. and Mrs. Daniel M. Dean Mr. and Mrs. David C. Edgil Mrs. Lola K. Edwards Mr. William W. Ezell Mr. and Mrs. Ronald W. Ferrell Mr. Freddie L. Fields Dr. Milton B. Fields Rev. and Mrs. Terry L. Forrest Mr. Darrell L. Fulton Mrs. Lena T. Golding Mr. and Mrs. Joseph A. Goodfellow Mr. and Mrs. John A. Gorrell Mr. Thurman B. Hall, II Mr. and Mrs. Kenneth M. Hampton Mrs. Margaret A. Hampton Mr. and Mrs. Barney D. Hicks Rev. and Mrs. John B. Howell Mr. and Mrs. James L. Hughes Ms. Regina D. Ivens
Rev. and Mrs. Bobby R. Jackson Rev. Roy S. Jensen Ms. Bernadene Little Kemble Dr. and Mrs. James Kilgore Mr. and Mrs. Dell D. Lamm Mr. and Mrs. Kevin Lauthern Ms. Shirley Lee Allison Lewis Dr. and Mrs. C. Thomas Malone Mr. and Mrs. James W. McBride Rev. and Mrs. Wayne Miracle Dr. and Mrs. Edward E. Moody, Jr. Mr. and Mrs. Charles Z. Moore Mr. and Mrs. A. C. Morgan, Jr. Rev. and Mrs. James C. Mullen, Jr. Mrs. Juanita S. Nicholson Mrs. Frances Parrish Mr. and Mrs. Frank Parrish Rev. and Mrs. F. Todd Parrish Dr. and Mrs. Thurman M. Pate, Jr. Drs. Greg and Etta Patterson Mr. and Mrs. John C. Powelka Mr. and Mrs. Mike Price Mr. and Mrs. James R. Puckett Dr. Sharon H. Rodgers Mr. and Mrs. J. Wayne Salyer Mr. and Mrs. Michael H. Shute Rev. and Mrs. John Benjamin Smith Mr. Donald Southerland Mr. and Mrs. Greely D. Stafford Chaplain and Mrs. Kerry M. Steedley Chaplain and Mrs. Roy C. Swisher Mr. and Mrs. Mark Tart Dr. and Mrs. Charles A. Thigpen Mr. and Mrs. Michael T. Thompson Mr. and Mrs. Kent Waller Mr. and Mrs. Hollis L. Warren Mr. Gary V. Weeks Dr. and Mrs. Frederick L. Yerby
FRI ENDSHI P CI RCLE
($250 - $999) Rev. and Mrs. Clint C. Adams Mr. and Mrs. A. C. Allen Rev. and Mrs. Derek Altom Mr. David Ambrose Mr. and Mrs. Michael L. Armstrong Mr. and Mrs. Phillip Ashcraft Mr. Anthony L. Aull Mr. Mike Austin Rev. and Mrs. Leonard C. Ball Mr. and Mrs. Clyde E. Balthrop Miss Molly Barker Rev. and Mrs. Joe Beckon Rev. and Mrs. Ronnie Blanks
Mr. and Mrs. Max Bolin Mr. and Mrs. Richard W. Bowers Ms. Hilda J. Boyd Mr. and Mrs. Randolph W. Brooks Mr. and Mrs. Jason Brown Mr. Joe C. Brown Ms. Kay F. Brown Mr. and Mrs. Edgar J. Brumfield Mr. and Mrs. Larry N. Bryan Mr. and Mrs. Preston F. Bryan Rev. and Mrs. Paul R. Bryant Rev. and Mrs. Randall A. Bryant Dr. and Mrs. Seldon Buck Mr. and Mrs. Kevin Buttry Ms. Gale Cales Rev. and Mrs. Brian Cameron Rev. and Mrs. Timothy G. Campbell Mr. and Mrs. George R. Capps Mrs. Gwen Carraway Mr. and Mrs. John L. Carter Mary V. Carter Mr. and Mrs. Robert Carter Mr. and Mrs. Robert V. Castile Rev. and Mrs. Jeffrey L. Caudill Mr. and Mrs. Dennis A. Chamberlin Miss Doris J. Chamberlin Mrs. Donna Clark Mr. and Mrs. Gary F. Clark Mrs. Kay Clark Mrs. Elaine P. Coates Dr. and Mrs. Jeff Cockrell Rev. and Mrs. Chris Compton Mr. and Mrs. Charles F. Cox Dr. and Mrs. James Cox Ms. Rhoda Creech Mr. and Mrs. J. Allan Crowson Lt. Col. and Mrs. Larence R. Cusick Mrs. Christine L. Daniel Mrs. Margaret Daniels Mr. and Mrs. William H. Day Mr. and Mrs. Marvin L. Deaver Rev. Daniel Dell Ms. Gwen Dismuke Mr. and Mrs. Paul R. Drake Mr. and Mrs. Edward E. Driggers Mr. and Mrs. Laron L. Dye Dr. and Mrs. Kenneth P. Eagleton Mr. and Mrs. Stephen P. Eagleton Mr. and Mrs. Bob Edwards Rev. and Mrs. Gregory R. Fawbush Mr. John F. Fields Mr. and Mrs. Waymon Fields Mr. and Mrs. Kelly Folsom Mr. and Mrs. Ralph Foster Mr. and Mrs. Dave R. Franks, Sr. Mr. and Mrs. J. Earl Gilliam Mr. and Mrs. Joseph L. Gilliam Mr. and Mrs. Michael L. Gillin Mr. and Mrs. Walter E. Gragg Mr. and Mrs. Richard Carl Gregory Rev. and Mrs. Shiloh C. Hackett Ms. Debra R. Haddock Mr. Harold B. Hall Rev. and Mrs. Joseph Hall
Rev. and Mrs. Larry D. Hampton Mrs. Peggy C. Hampton AnnaGee C. Harris Mr. and Mrs. Glenn A. Harris Mr. Michael E. Hasty Ms. Carolyn F. Head Rev. and Mrs. Edwin L. Hill Mr. and Mrs. David R. Hodges Rev. and Mrs. Edward L. Hodges, Jr. Ms. Carol D. Holland Miss Teri Hooper Rev. and Mrs. Russell D. Houske Ms. Barbara Jean Howard Mr. and Mrs. Zachary A. Howell Ms. Charity D. Humbles Mr. and Mrs. Jimmy Hunter Mr. Joshua Hunter Dr. and Mrs. Ronald E. Hunter, Jr. Mrs. Marian V. James Ms. Tracy D. Jennette Mr. and Mrs. Nathan Paul Johnson Mr. and Mrs. Peter J. Johnson Mr. and Mrs. Samuel E. Johnson Mr. and Mrs. Timothy Ray Johnson Mrs. Dessie B. Jones Mr. and Mrs. Larry G. Jones Mrs. Mary K. Joslin Rev. and Mrs. Jonathon S. Justice Rev. Bruce E. Kimbrel Mr. Gerald R. Kirby Mr. and Mrs. Cameron Lane Rev. and Mrs. Earl R. Langley Dr. and Mrs. Charles L. Lea Mr. and Mrs. Donald G. Lee Mrs. Carolyn Hasty Lemaster Rev. and Mrs. Bob Lewis Rev. and Mrs. Ernie L. Lewis Mr. and Mrs. John W. Lewis Mr. Jonathan Lewis Mr. and Mrs. Paul E. Lewis Mr. and Mrs. Tommy E. Lewis Mr. Duane Littlefield Rev. Thomas A. Lovett Ms. Nancy Z. Maddox Rev. and Mrs. Craig Mahler Mr. Charles K. Maness Dr. and Mrs. Jeffrey A. Manning Mr. and Mrs. Rick Mayo Dr. and Mrs. Matthew J. McAffee Mr. and Mrs. Roland L. McBride Mr. and Mrs. John M. McCall Rev. and Mrs. Jerry W. McClary Rev. and Mrs. James R. McComas Mrs. Olena McLain Mr. and Mrs. Samuel P. McVay Mrs. Frances King Metcalf Mr. and Mrs. Kevin D. Mitchell Mrs. Sammie Montgomery Mr. and Mrs. Hamlee H. Moon Mr. and Mrs. Phillip T. Morgan Mrs. Velma Moseley Rev. and Mrs. Steve Nichols Rev. and Mrs. Virgil M. Nolen Rev. and Mrs. Jerry Nunes
Ms. Jane P. O’Connor Mr. and Mrs. John E. O’Neal Mr. and Mrs. Thomas H. Oster Mr. and Mrs. Paul H. Osterkamp Rev. and Mrs. Tim D. Owen Rev. and Mrs. Jesse F. Owens Mr. and Mrs. Joshua R. Owens Mrs. Shannon S. Pavnick Mr. and Mrs. Lee A. Penn Rev. and Mrs. Judson Phenicie Rev. and Mrs. Douglas K. Phillips Mr. and Mrs. Timothy L. Pierce Mr. and Mrs. John W. Pinson Mr. Daniel A. Plunkett Mr. and Mrs. David C. Pool Rev. and Mrs. Joseph P. Postlewaite Rev. and Mrs. Glenn Poston Mr. and Mrs. David L. Rackley Rev. and Mrs. Jerry L. Rackley Mr. and Mrs. Skeeter Redmon Mr. and Mrs. John W. Riddle, Jr. Mr. and Mrs. Stephen Rigdon Rev. and Mrs. Nathan L. Ruble Dr. and Mrs. Roger G. Russell, Jr. Rev. and Mrs. Brad Ryan Rev. and Mrs. Ivan L. Ryan Mr. and Mrs. David E. Sagraves Mr. Darryl Scott Rev. and Mrs. Theron B. Scott Mr. Walter R. Scott Mrs. Luella Scudder Mr. and Mrs. Randall K. Settle Rev. and Mrs. David Shores Mr. Jimmy J. Simons Rev. and Mrs. Kenneth D. Simpson Mr. and Mrs. Thomas L. Slamans Mr. and Mrs. Bruce A. Smith Mr. and Mrs. Wayne E. Spruill Mr. and Mrs. John R. Stanley Mrs. Janet Steenrod Mr. and Mrs. Gary Stephens Mr. Larry Stephens Mrs. Pamela E. Stidham Mr. and Mrs. Christopher Talbot Mr. and Mrs. Stephen R. Teague Mr. and Mrs. Ernest L. Thompson Mrs. Dianne Tippett Mr. and Mrs. Danny J. Trail Patsy Vanhook Rev. and Mrs. Bill VanWinkle Rev. Billy B. Walker Mr. Stanley L. Wall Mr. and Mrs. Eric Watkins Dr. and Mrs. W. Jackson Watts Pamela B. Westerman Mr. and Mrs. Donald White Rev. and Mrs. Dennis P. Wiggs Mr. and Mrs. Harold R. Williams Marjorie L. Williams Ms. Betty J. Willis Rev. and Mrs. Eugene Workman Mrs. Linda C. Wrightson Mrs. Margaret Zegelien WELCH COLLEGE | 2020 Annual Report
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TORCHBEARER CLUB Mr. Phillip L. Adkins Mr. and Mrs. A. C. Allen Mr. and Mrs. J. W. Allen Rev. and Mrs. Derek A. Altom Mr. and Mrs. Phillip Ashcraft Rev. and Mrs. Leonard C. Ball Julie Banner Miss Molly Barker Rev. and Mrs. Joe Beckon Mr. Edwin L. Beem Mrs. LaDonna Blades Mr. and Mrs. Leroy Blades Rev. and Mrs. Ronnie Blanks Mr. and Mrs. Max Bolin Rev. and Mrs. Rodney Bowen Rev. and Mrs. Richard W. Bowers Mr. Eric A. Brant Mr. and Mrs. Randolph W. Brooks Mr. and Mrs. David L. Brown Mr. Joe C. Brown Miss Mindy Brown Mr. and Mrs. Edgar J. Brumfield Mr. and Mrs. Larry N. Bryan Mr. and Mrs. Robert T. Bryan Rev. and Mrs. Paul R. Bryant Rev. and Mrs. Randy Bryant Dr. and Mrs. Seldon Buck Mr. and Mrs. Robert Burroughs Mr. and Mrs. Kevin Buttry Ms. Gale Cales Rev. and Mrs. Ben Campbell Rev. and Mrs. Timothy G. Campbell Mr. and Mrs. George R. Capps Mr. and Mrs. James R. Carr Mrs. Gwen Carraway Rev. and Mrs. Rick Cason Mr. and Mrs. Robert Castile Rev. and Mrs. Jeffrey Caudill Doris J. Chamberlin Mr. and Mrs. Gary F. Clark Mrs. Kay Clark Mr. T. Ross Clark Rev. and Mrs. Russell Clouse Mrs. Elaine P. Coates Dr. and Mrs. Jeffrey Cockrell Rev. and and Mrs. Chris Compton Mr. and Mrs. Charles F. Cox Mr. and Mrs. James A. Crowson Mr. and Mrs. Daniel M. Dean 16
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Mr. and Mrs. Marvin L. Deaver Rev. Daniel Dell Ms. Gwen Dismuke Mrs. Carol R. DuBose Mr. and Mrs. Paul R. Drake Mr. and Mrs. Edward E. Driggers Mr. and Mrs. Laron Dye Dr. and Mrs. Kenneth P. Eagleton Mr. and Mrs. Stephen P. Eagleton Rev. and Mrs. Mike Edwards Rev. and Mrs. William Evans Rev. and Mrs. Gregory R. Fawbush Mr. and Mrs. Ronald W. Ferrell Dr. Milton B. Fields Mr. and Mrs. Waymon Fields Mr. and Mrs. Kelly Folsom Mr. and Mrs. Ralph Foster Mr. and Mrs. Dave Franks, Sr. Mr. and Mrs. James S. Futrell Mr. and Mrs. Michael L. Gillin Mr. and Mrs. Joseph A. Goodfellow Mr. and Mrs. John Gorrell Mr. and Mrs. Richard Gregory Rev. and Mrs. Shiloh C. Hackett Ms. Debra R. Haddock Mr. Harold B. Hall Rev. and Mrs. Joseph Hall Mr. and Mrs. Watson Hall Mr. Jules Hancart Miss AnnaGee C. Harris Mrs. Carolyn Head Mr. and Mrs. Barney D. Hicks Rev. and Mrs. Edward L. Hodges, Jr. Miss Carol D. Holland Mr. and Mrs. Adam Holloway Mrs. Betsy Horner Rev. and Mrs. Russell Houske Mrs. Barbara Jean Howard Ms. Charity D. Humbles Mr. and Mrs. Jimmy Hunter Mr. Joshua Hunter Mrs. Marian V. James Col. And Mrs. Mark Johnson Mr. and Mrs. Nathan Johnson Mrs. Mary K. Joslin Rev. and Mrs. Jonathon S. Justice Mr. and Mrs. Kevin Justice Dr. and Mrs. Paul G. Ketteman Dr. and Mrs. James Kilgore
Rev. Bruce E. Kimbrel Mr. Gerald R. Kirby Rev. and Mrs. Earl R. Langley Dr. and Mrs. Charles L. Lea Mr. and Mrs. Donald G. Lee Mrs. Shirley Lee Mrs. Carolyn Lemaster Rev. and Mrs. Ernie L. Lewis Mr. Jonathan Lewis Mr. and Mrs. Tommy E. Lewis Mr. and Mrs. Harold Lindsay Mr. Duane Littlefield Rev. Thomas A. Lovett Mr. Charles K. Maness Ms. Nancy Z. Maddox Dr. and Mrs. Jeffrey A. Manning Mrs. Eunice Massengill Mr. and Mrs. Rick Mayo Dr. and Mrs. Matthew J. McAffee Mr. and Mrs. James A. McBride Mr. and Mrs. John M. McCall Mrs. Olena McLain Mr. and Mrs. Samuel P. McVay Mrs. Hazel King Metcalf Rev. and Mrs. Wayne Miracle Mrs. Sammie Montgomery Mr. and Mrs. Hamlee H. Moon Mrs. Velma Moseley Rev. Steve Nichols Mrs. Juanita S. Nicholson Mr. John E. O’Neal Mr. and Mrs. Thomas Oster Mr.and Mrs. Jared A. Owen Rev. and Mrs. Tim D. Owen Rev. and Mrs. Jesse F. Owens Mr. and Mrs. Joshua R. Owens Rev. and Mrs. F. Todd Parrish Drs. Greg and Etta Patterson Mrs. Shannon S. Pavnick Mr. and Mrs. Lee A. Penn Rev. and Mrs. Judson Phenicie Dr. Robert E. Picirilli Mr. and Mrs. Timothy L. Pierce Dr. and Mrs. J. Matthew Pinson Mr. and Mrs. John W. Pinson Mr. and Mrs. David C. Pool Rev. and Mrs. Joseph P. Postlewaite Rev. and Mrs. Glenn Poston Mr. and Mrs. John C. Powelka
Mr. Nolan E. Purcell Mr. and Mrs. David L. Rackley Mr. and Mrs. Skeeter Redmon Dr. Sharon Rodgers Rev. and Mrs. Brad Ryan Rev. and Mrs. Ivan Ryan Mr. and Mrs. Thomas A. Sass Mr. Darryl Scott Rev. and Mrs. Theron Scott Mr. Walter R. Scott Mr. Jimmy J. Simons Rev. and Mrs. Kenneth D. Simpson Mr. and Mrs. Thomas L. Slamans
Mr. and Mrs. Ryan Smith Mrs. Karen M. Sparks Mr. and Mrs. Wayne E. Spruill Mr. and Mrs. John R. Stanley Mr. and Mrs. Gary Stephens Mr. Larry Stephens Mr. and Mrs. Terry Stephens Mr. and Mrs. Paul Tackett Rev. and Mrs. Christopher Talbot Mr. and Mrs. Ernest L. Thompson Mrs. Dianne Tippett Mr. and Mrs. Danny J. Trail Miss Patsy Vanhook
Rev. and Mrs. Bill VanWinkle Mr. and Mrs. Stanley L. Wall Rev. Dustin Michael Walters Mr. and Mrs. Eric Watkins Dr. and Mrs. William Watts Mr. and Mrs. Harold Williams Rev. and Mrs. David Williford Ms. Betty J. Willis Mr. and Mrs. Vincent P. Woody Rev. and Mrs. Eugene Workman Mr. and Mrs. Gary W. Wright Mrs. Linda C. Wrightson
REVENUES & EXPENDITURES 2019-2020 REVENUES
EXPENDITURES
Unrestricted Funds
Unrestricted Funds
10% 24% 42%
TOTAL
1%
$7,195,859
22%
8% 11%
TOTAL
$8,101,913
18% 15%
7% 12%
30%
Annual Fund Gifts: $1,709,480
Instruction: $1,759,934
Investment, Endowment, & Misc.: $100,473
Academic Support: $567,043
Auxiliary Enterprises: $1,308,198
Student Services: $922,363
Net Assets Released from Restrictions: $1,082,350
Institutional Support; $2,393,029
Tuition and Fees: $3,065,453
Auxiliary Enterprises: $1,051,230 Physical Plant: $628,017 Interest Expense: $708,297
Other Changes in Net Assets: -$70,095
WELCH COLLEGE | 2020 Annual Report
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