"As small colleges across Massachusetts struggle to stay afloat, Hellenic College and Holy Cross Greek Orthodox School of Theology is taking a different path: selling up to 25 acres of land for conservation and directing $25 million into its endowment, a move leaders say will help secure the Brookline institution's long-term future. Over the past five years, the school has successfully turned its financial situation around. As of June 30, 2025, the endowment was just over $38 million, up from $28.5 million in 2019, according to financial statements."
""We're at a moment of transformational change at HCHC, just as our Church stands at an inflection point," President Demetrios Katos and in a statement. "The five-year plan presented to the Trustees reimagines this sacred institution, expanding programs that equip future clergy and lay leaders to guide the Orthodox Church into its next century.""
"According to a news update from the school, the trustees of the 88-year-old institution voted unanimously on Dec. 9 to approve the sale. After the sale, the land will be placed into a permanent trust with The Trustees of Reservations, a statewide conservation and preservation nonprofit that stewards 120 protected sites."
Hellenic College and Holy Cross Greek Orthodox School of Theology will sell up to 25 acres of campus land for conservation and direct $25 million into its endowment. The institution's endowment grew from $28.5 million in 2019 to just over $38 million as of June 30, 2025. Trustees of the 88-year-old school voted unanimously on Dec. 9 to approve the sale. The parcel will be placed into a permanent trust with The Trustees of Reservations, a nonprofit that stewards 120 protected sites. Leadership cited safety concerns and potential liability associated with the undeveloped land. The five-year plan aims to expand programs preparing clergy and lay leaders.
Read at Boston.com
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