Aggressive Soper Trust Spending and Other Investments in Diocese of Washington
Aggressive Spending of Soper Trust and Other Investments Detailed in Diocese of Washington
Washington National Cathedral Financial Crisis Deepens
By Sarah Frances Ives
Special to Virtueonline
www.virtueonline.org
October 13, 2011
The real earthquake at Mount St. Alban (the Washington DC hill providing the home to both the Washington National Cathedral and the Diocese of Washington) involves the seismic shifting of assets and investments into operating costs for these endangered institutions.
This crisis deepens with the damaged Cathedral's current closed state that brings with it a corresponding loss of revenue.
Dean Samuel Lloyd's recent leave-taking along with the impending departure of the remaining two-top executives Bishop John Bryson Chane and COO Joseph W. Smolskis will deprive the abandoned Cathedral of any sense of continuity.
Bishop-elect Mariann Budde offers little vision for these reeling institutions.
Along with the already-declining Episcopal Church, the Cathedral has become like the picture of Dorian Gray, defiled and aging before our eyes. Blighting any signs of new life, the sins of management are now visited upon the entire life of the Cathedral and the Diocesan Church House.
Read the full story at www.VirtueOnline.org
Washington National Cathedral Financial Crisis Deepens
By Sarah Frances Ives
Special to Virtueonline
www.virtueonline.org
October 13, 2011
The real earthquake at Mount St. Alban (the Washington DC hill providing the home to both the Washington National Cathedral and the Diocese of Washington) involves the seismic shifting of assets and investments into operating costs for these endangered institutions.This crisis deepens with the damaged Cathedral's current closed state that brings with it a corresponding loss of revenue.
Dean Samuel Lloyd's recent leave-taking along with the impending departure of the remaining two-top executives Bishop John Bryson Chane and COO Joseph W. Smolskis will deprive the abandoned Cathedral of any sense of continuity.
Bishop-elect Mariann Budde offers little vision for these reeling institutions.
Along with the already-declining Episcopal Church, the Cathedral has become like the picture of Dorian Gray, defiled and aging before our eyes. Blighting any signs of new life, the sins of management are now visited upon the entire life of the Cathedral and the Diocesan Church House.
Read the full story at www.VirtueOnline.org
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