Peter R. and Emmy Lou Anderson of Charleston, S.C., are the recipients of the 2008 Faithful Steward Award
presented by Louisville Presbyterian Theological Seminary at a dinner, held April 18, 2008, at historic Gardencourt mansion on the Seminary campus. The award is given periodically to recognize individuals who have been an example of generosity and dedication to the mission of Louisville Seminary through the faithfulness of their support and advocacy.
“The dedication and advocacy of the Andersons have provided for transformative opportunities to prepare men and women for continuing the redemptive ministry of Jesus Christ in the world,” said President Dean Thompson during the recognition ceremony.
Mr. and Mrs. Anderson, who could not be present to receive the award, shared their acceptance remarks via a video recording, taped earlier in Charleston with special assistance from Louisville Seminary Trustee Charles Larsen of Kiawah Island, S.C., and the Anderson’s home congregation, First-Scots Presbyterian Church.
Peter R. (“Pete”) and Emmy Lou Anderson became lifelong friends of Louisville Seminary through Mr. Anderson’s work on the Seminary’s Board of Trustees. Mr. Anderson joined the Board of Trustees in 1989 upon the encouragement of his pastor, Dr. F. Morgan Roberts, who also served on the Board and as pastor of Shadyside Presbyterian Church in Pittsburgh, Pa. Dr. Roberts believed Louisville Seminary was a good match for the Andersons and their interests in church life and quality ministry.
Mr. Anderson was raised in Rockford, Ill., and Mrs. Anderson was born in Ellwood City, Pa. Both are graduates of the University of Wisconsin. In her professional career, Mrs. Anderson has instructed, directed, and provided private care to individuals with speech and hearing challenges at Walter Reed Army Hospital in Washington, DC, Wisconsin Regional Office Veterans Administration in Milwaukee, Brooklyn Naval Shipyard in New York, and as a speech therapist for stroke patients at the Morristown Hospital in New Jersey. In addition to her service on numerous boards and committees, she became a certified aquatics fitness instructor in 1990, and for more than ten years taught water aerobics and fitness in Pennsylvania, Florida, and South Carolina.
Professionally, Mr. Anderson spent 42 years in investment management, managing more than $1.7 billion in equities through mutual funds and private accounts. He served with Prudential in Newark, N.J., Lincoln National Life Insurance Co., Fort Wayne, Ind., and Northern Trust Co. in Chicago, Ill. In 1972, Mr. Anderson accepted a postion with Federated Investors in Pittsburgh, Pa., where he was Senior Vice President of Equity Investments. There were 60 employees when he started to work there and more than 2,000 when he retired in November 1997.
In their retirement, the Andersons moved to Kiawah Island, S.C., and since 2007, they have been establishing residence in Charleston, S.C. They have been very active in church life, offering their individual expertise in finance, teaching, organizing, and instructing on numerous committees. In the same way, they have lived out their faith in support of Louisville Seminary.
During Mr. Anderson’s 16 years on Louisville Seminary’s Board of Trustees, he was a member of the Finance Committee, and he became an integral part of the investment management of the Seminary’s endowment. Patrick Cecil, Vice President for Finance, credits Mr. Anderson’s contributions, along with other colleagues on the committee, for helping the Seminary develop a new strategic investment direction, implemented in 1997.
“This strategic direction made heavy use of alternative investment asset classes, and was, at the time, cutting edge investment theory. This approach to investing has now become widely accepted in the industry. Largely due to this expert investment management, the Seminary’s endowment grew from $60 million in 1998 to more than $100 million in 2008. This growth occurred while providing a significant contribution to the annual operating budget through the endowment draw. Mr. Anderson’s work at Louisville Seminary will benefit generations to come as our endowment provides greater amounts for student financial aid, professorships, and institutional support,” said Mr. Cecil.
In recognition of his contributions, the Board of Trustees also recognized Peter Anderson as an Honorary Life Trustee at their spring meeting, held at Louisville Seminary, April 17 to 19.
Together, the Andersons have participated in the mission of Louisville Seminary through their consistent financial support and investment in the Annual Fund and the “Ask Morgan” Library automation project in 1994. They also funded a room at Laws Lodge Conference Center in 1999. Then in 2002, as an expression of their commitment to education and to preparing quality ministers for the church, they established the endowed EDUCANDERSON Presidential Scholarship.
Diana Moore, who served 22 years as a lawyer in the Judge Advocate General’s Corps for the United States Army, is the first recipient of the EDUCANDERSON Presidential Scholarship and will graduate with her Master of Divinity degree in May 2008.
“We have four degrees between the two of us,” said Mr. Anderson. “So we have an allegiance to our alma mater and have provided some support there. We have also provided support to churches to which we have belonged. But, as we considered the Louisville Seminary scholarship, we concluded that no other scholarship gift opportunity could be more important than the Louisville scholarship in theological education.”
The Faithful Steward Award was established in 2003, during the celebration of Louisville Seminary’s 150th anniversary, to complement the institution’s Distinguished Alum and Devoted Service Awards. It was designed to enlarge upon the Stewards Recognition Program, which aims to honor and thank alums and friends who have joined Louisville Seminary in preparing men and women for the continuing ministry of Jesus Christ through generous, long term support.