tag:blogger.com,1999:blog-759178030677978044.post5438334132915260739..comments2024-02-19T07:24:42.397-08:00Comments on Anglican Curmudgeon: A Further Look into ECUSA FinancesA. S. Haleyhttp://www.blogger.com/profile/05108498446058643166noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-759178030677978044.post-60223042399323208182009-08-23T08:50:25.812-07:002009-08-23T08:50:25.812-07:00Given the "70% invested in equities, 20% inve...Given the "70% invested in equities, 20% invested in fixed<br />income, and 10% in convertibles, hedge fund-of-funds and real estate2. policy, what will have happened to the value of these trusts since 2007?<br /><br />I shudder to think.Matt Wardmanhttps://www.blogger.com/profile/04326720801362744582noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-8255295195584075282009-08-17T10:14:57.944-07:002009-08-17T10:14:57.944-07:00You are right to call such talk "prog-speak&q...You are right to call such talk "prog-speak", Matthew. The point is that when the DFMS was formed and money given to it in the 19th century, no one gave it money to go into existing dioceses, or to pay the salaries of clergy in existing parishes. That was not "mission" work -- but that is how 815 is interpreting the language of those gifts now.<br /><br />Notably, the gift for the "sustenance" of clergy salaries was not made until 1953, and then it was given not to DFMS as such, but to the Presiding Bishop's Discretionary Fund. Even as late as that date, donors could distinguish between clergy support and mission work.A. S. Haleyhttps://www.blogger.com/profile/05108498446058643166noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-48375547531072201902009-08-17T10:01:26.540-07:002009-08-17T10:01:26.540-07:00I'm usually up for a round of progressive bash...I'm usually up for a round of progressive bashing, but I think the answer is that for 815, what they are doing is missionary work. In prog-speak, to the extent missionaries are needed, then we are all missionaries. If we are all missionaries, then any church work we do is missionary work. Therefore, funding church work in conflicted dioceses is within the meaning of the various funds' purposes.<br /><br />(I'm leaving off any jokes about California, Pennsylvania, Texas and Illinois being foreign to New Yorkers.)<br /><br />I think the logic is there, it's just that the premises are flawed.<br /><br />(I'll also note that when I first read your post I immediately pictured David Booth Beers wearing a blue uniform and kepi saying "I'm shocked, <i>shocked</i> to find there's litigation going on here.")mousestalkerhttps://www.blogger.com/profile/07640977915382623244noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-36224099781070460582009-08-17T06:51:25.893-07:002009-08-17T06:51:25.893-07:00It does appear that 815 is saying out of one side ...It does appear that 815 is saying out of one side of their wallet that the rumps are missions and out of another that they are dioceses. <br /><br />A wallet with openings on both sides winds up empty rather quickly.Undergroundpewsterhttps://www.blogger.com/profile/10182191422663119484noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-86729399227933131642009-08-16T22:08:10.357-07:002009-08-16T22:08:10.357-07:00Martial Artist, it's good to hear from you -- ...Martial Artist, it's good to hear from you -- you've been absent, but now I see why.<br /><br />Yes, I agree there will probably not be any explanation forthcoming from 815 any time soon as to why they are raiding their missionary trust funds.A. S. Haleyhttps://www.blogger.com/profile/05108498446058643166noreply@blogger.comtag:blogger.com,1999:blog-759178030677978044.post-86564811287452853652009-08-16T08:52:38.573-07:002009-08-16T08:52:38.573-07:00Dear Mr. Haley,
In response to your rhetorical qu...Dear Mr. Haley,<br /><br />In response to your rhetorical question, namely "<i>Now, will anyone at ECUSA step forward and provide an explanation?</i>"<br /><br />I suspect the response will be something along the lines of "Ummmm. I think not, thank you."<br /><br />Pax et bonum,<br />Keith T&oum;pfer<br /><br />P.S. Greetings from a working survey ship anchored in the vicinity of Homer, Alaska.Martial Artisthttps://www.blogger.com/profile/11679584221923893460noreply@blogger.com