This paper is the result of a survey of the institutional members of the American Theological Library Association. The Association of College and Research Libraries (ACRL) defines faculty status as: (1) freedom to exercise independent judgment in performance of professional duties and a formal method of performance review, (2) adoption of an academic form of governance similar to other faculties on campus, (3) eligibility for membership in the faculty senate or other governing body, (4) salaries comparable to other academic faculty, (5) tenure policies equivalent to other faculty, (6) promotion decisions made by a peer review board and based on professional effectiveness, (7) leaves of absence (i.e. sabbatical) available, (8) access to funds for research and development, and (9) freedom to provide access to information regardless of content (protection from censorship). Of the 106 institutions responding (70% response rate), 7% offer full faculty status to all librarians. When the institutions defined faculty status themselves, without strict adherence to ACRL guidelines, the result was that 19% offer faculty status to all of their librarians, 11% offer it to some and 6% do not grant faculty status at all. All of the head librarians attained the faculty status significantly more than often regular staff librarians. 41% of respondents considered faculty status an issue, 49% did not, and 10% gave either a mixed response or none at all. The following qualifications and activities of librarians in theological libraries are also examined: degrees, course instruction, lectures or paper presentations, membership in professional committees, research, and professional publication. Appendices provide six tables summarizing data, survey cover letter, and questionnaire. (Contains 39 references.) (MAS)