Thanks for that very thorough report, Mark!
The relationships inside the synodical umbrella are complex, aren't they. Things have been stratifying and strategized around the "donor-designated" category for a long while already.
When the old college system began and the buildings kind of all looked the same from the 1880s, and the heat bill was at 3 cents a gallon with the 12 foot ceilings, the "direct subsidy" for those schools (and you could add hospitals and Altenheims) based on the immigrant church body's needs seemed endless, I'm sure.
Speaking with retirees whose parents and grandparents went through that "system" in the LCMS, there is (finally?) clarity that those days are over. And have been. And have been for decades. But the memories linger on. When Concordia Bronxville went up for auction, the names of those forebears were closed to history - there will be no more Feth or Romoser or Ressmeyer Halls. Irish names will prevail on the Iona grounds. Even as when Concordia Milwaukee moved to Mequon long ago, Wunder and Pritzlaff in the old campus became part of the Potawatomi tribe.
It can and is and probably should be mourned. But those days are indeed done, as is "direct subsidy."
Dave Benke