A friend sent me this article describing some of the fall-out from Davidson College’s decision to distance itself a tad from its Presbyterianism. Bottom line: some big, long-time donors are leaving the board, though, oddly enough (actually, it’s not so odd) two Presbyterian ministers on the Board of Trustees asserted that "opening the board to non-Christian members was in step with the teachings of their denomination." (I’ll refrain from commenting on the slow death, thanks to its "openness," of the PCUSA.)
Update: Heres another story along the same lines. I neglected yesterday to recommend this book by Robert Benne. Focusing on six institutions--Baylor, Notre Dame, Wheaton, Calvin, Valparaiso, and St. Olaf--Benne offers not only a persuasive typology of different sorts of institutional engagements with denominational/religious heritage, but also an account of how faith can be kept or lost.