Trinity Evangelical Divinity School Embarks on New Journey to Canada
Deal News | Apr 08, 2025 | EIN

Trinity Evangelical Divinity School (TEDS), a key institution in American evangelicalism, will be acquired by Trinity Western University in British Columbia, marking a significant relocation and restructuring after years of financial difficulties. The announcement, made on April 8, reveals that TEDS will continue operations at its Illinois campus until 2026, after which it will move to Canada, parting ways with its parent organization, Trinity International University. Despite the move, U.S. students will retain federal financial aid eligibility. The acquisition comes amidst declining enrolment and significant debt at TEDS, including a $17.3 million deficit reported in 2023 and a looming $19 million loan due in 2026. The merger will not see Trinity Western University assuming any of TEDS's financial obligations. This move is seen as a strategic realignment to growth and mission fulfillment within a larger, aligned academic entity. Historical and theological figures associated with TEDS have shaped evangelical thought and the new partnership aims to sustain this legacy, though concerns persist about the broader decline in theological education in the Midwest.
Sectors
- Higher Education
- Religious Organizations
Geography
- United States – Trinity Evangelical Divinity School is currently based in Bannockburn, Illinois, and has significant influence within American evangelical circles.
- Canada – The move to Trinity Western University in British Columbia brings significant geographical context to this acquisition and the continuation of TEDS's operations.
Industry
- Higher Education – The article discusses the acquisition and relocation of a theological seminary, implicating critical changes in the higher education landscape, particularly for religious institutions.
- Religious Organizations – Trinity Evangelical Divinity School's associations with religious and evangelical education highlight its significance within religious organizations sector.
Financials
- $17.3 million – Deficit recorded by Trinity in 2023.
- $7.6 million – Deficit recorded in 2024 audit, with similar deficits expected.
- $19 million – Long-term loan coming due in 2026.
Participants
Name | Role | Type | Description |
---|---|---|---|
Trinity Evangelical Divinity School | Target | Company | A prominent evangelical seminary known for shaping American evangelicalism, facing financial challenges leading to its acquisition. |
Trinity Western University | Buyer | Company | A Canadian university acquiring TEDS, providing a new home and potential growth for the seminary. |
Trinity International University | Vendor | Company | The current parent organization of TEDS, which will continue running online classes and a law school post-separation. |