It was a special evening of celebration of God’s provision and goodness to Heritage College & Seminary. On September 25th, the board of directors joined faculty, staff and members of the Heritage community gathered together to mark the official end of the College and Seminary’s financial debt.
“It is a historic day in the life of Heritage College & Seminary,” says Dr. Rick Reed, President of Heritage. “This is a great cause for praise and celebration, and we are grateful for the friends of Heritage who gave generously to demolish the debt.”
Around two years ago, the leadership and board of directors of Heritage College & Seminary set out in faith to service the existing debt held by the institution. The goal was to demolish the debt in order to financially enable Heritage to grow and continue equipping men and women for life and ministry.
Thanks to the generous support of the many donors and supporters who provided financially to this ambitious goal, Heritage will be officially free of the debt as of October 1st, 2019.
For Dr. Reed, this is a monumental moment in the history of Heritage College and Seminary that will allow the institution to grow in a sustainable manner and continue to train educate more people who will serve the Church across Canada and around the world.
“As I have been reflecting on this incredible story of God’s goodness and grace to Heritage, it hit me that the idea of paying off another’s debt is at the heart of our faith,” says Dr. Reed. “It’s why we give praise to God for His lavish grace; enabling Heritage to be debt-free and, better yet, through the sacrificial death of His Son, He has made a way for all of us who turn to Christ in repentance and faith to have the debt of our sin completely demolished.”
“That’s a reason to celebrate.”
To celebrate what God has done and continues to do at Heritage, members gathered for a special dinner to mark this historic end to Heritage’s debt. Students from the Music & Worship Studies department, led by Dr. Doug Thomson, performed a number of musical works during the evening followed by prayers, songs of worship and the ceremonial burning of the Heritage mortgage.