We are thankful for you!
We praise the Lord for what He has done this 2017/2018 fiscal year and what He will continue to do among us. The new campus entrance and traffic light required by the City of Toronto as part of our move to the Bayview campus was completed this past year. We celebrate the enhanced accessibility and positive feedback we receive from visitors to the campus. This new entrance also helps convey an openness to our neighbours. While we enjoy the improvements to our facilities, we also rejoice in the vitality in the Tyndale community as we welcome new faculty and students at both the university college and seminary.
With your help, the Lord continues to provide for the ministry at Tyndale. The combination of a modest growth in revenue and donations, and the benefits from controlled operating and interest costs has allowed us to finish the year with a surplus of $1.6 million. This surplus enabled us to meet our required mortgage obligations, and reducing our outstanding mortgage by $1.8 million. Your faithful support enables Tyndale to fulfill its responsibility of meeting payments related to the move to Bayview. Your help allows us to focus on our mission to provide an outstanding Christ-centred education. We truly couldn’t do this without you!
We are involved in exciting delivery modes of education relevant to today’s students and culture, including virtual classrooms and online education. Although these new technologies and conveyance methods introduce new costs, we are thankful for supporters who share our vision and calling for new approaches that make faith-based education relevant and accessible.
We will continue to wisely steward the financial and human resources entrusted to us to impact the lives of our students and community. We are so thankful for partners like you in living out our calling!