Payne Theological Seminary is a university (non-endowment) based in Wilberforce, Ohio. Established in 1894, it is accredited by the Commission on Accrediting of the Association of Theological Schools in the United States and Canada, and the following degree programs are approved: Master of Divinity (MDiv) and Doctor of Ministry (DMin). The assets of the university are managed by its board of trustees.Payne Theological Seminary is not investing in alternatives.