{"id":28545,"date":"2020-10-08T23:24:07","date_gmt":"2020-10-09T03:24:07","guid":{"rendered":"https:\/\/anglicansamizdat.net\/wordpress\/?p=28545"},"modified":"2020-10-08T23:24:26","modified_gmt":"2020-10-09T03:24:26","slug":"diocese-of-eastern-newfoundland-and-labrador-is-running-out-of-cash-and-selling-assets-to-stay-afloat","status":"publish","type":"post","link":"https:\/\/www.anglicansamizdat.net\/wordpress\/diocese-of-eastern-newfoundland-and-labrador-is-running-out-of-cash-and-selling-assets-to-stay-afloat\/","title":{"rendered":"Diocese of Eastern Newfoundland and Labrador is running out of cash and selling assets to stay afloat"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-28547\" src=\"https:\/\/anglicansamizdat.net\/wordpress\/wp-content\/uploads\/2020\/10\/anglican-church-1024x768.jpg\" alt=\"\" width=\"584\" height=\"438\" srcset=\"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-content\/uploads\/2020\/10\/anglican-church-1024x768.jpg 1024w, https:\/\/www.anglicansamizdat.net\/wordpress\/wp-content\/uploads\/2020\/10\/anglican-church-300x225.jpg 300w, https:\/\/www.anglicansamizdat.net\/wordpress\/wp-content\/uploads\/2020\/10\/anglican-church-768x576.jpg 768w, https:\/\/www.anglicansamizdat.net\/wordpress\/wp-content\/uploads\/2020\/10\/anglican-church-400x300.jpg 400w, https:\/\/www.anglicansamizdat.net\/wordpress\/wp-content\/uploads\/2020\/10\/anglican-church.jpg 1180w\" sizes=\"auto, (max-width: 584px) 100vw, 584px\" \/>This isn\u2019t particularly surprising.<\/p>\n<p>Although at the September 2019 synod, the diocese voted to marry same-sex couples in defiance of the General Synod vote that failed to approve same-sex marriage. I\u2019m sure the diocese is shocked that this bold move has not brought in floods of same-sex couples, opening their wallets to stuff $50 bills into the bishop\u2019s mitre.<\/p>\n<p>From <a href=\"https:\/\/www.cbc.ca\/news\/canada\/newfoundland-labrador\/anglican-church-financial-woes-1.5755235\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>:<\/p>\n<blockquote><p><strong>Anglican diocese running out of cash, selling assets in &#8216;hemorrhage situation&#8217;<\/strong><\/p>\n<p>The Anglican Diocese of Eastern Newfoundland and Labrador has announced it&#8217;s running out of money and may need to stem its losses with layoffs, closures and sale of assets.<\/p>\n<p>In an Oct. 5 letter obtained by CBC News, the diocesan finance committee said COVID-19 lockdown measures \u2014\u00a0which prevented gathering for worship for\u00a0months \u2014\u00a0had a &#8220;devastating impact&#8221; on the church&#8217;s finances.<\/p>\n<p>&#8220;While a number of our parishes continued to receive offerings and donations via drop-off collections and electronic means, it is clear that COVID-19 has negatively impacted our stewardship,&#8221; the letter says.<\/p>\n<p>Archdeacon Sam Rose told CBC\u00a0the pandemic has exacerbated previous financial struggles resulting from a reduction in church attendance.<\/p>\n<p>&#8220;Like most organizations the onset of COVID accelerated this rapid decline,&#8221; he said Thursday.<\/p>\n<p>Parishes largely operate on vitally important income from collections and fundraising dinners, Rose said.<\/p>\n<p>&#8220;That essentially all came to a stop. We&#8217;re seeing now \u2026 the side effects of being shut down and locked down for the last six months.&#8221;<\/p>\n<p>The letter outlines immediate emergency responses by the church last spring, including the receipt of $663,000 from the federal wage subsidy program, the bulk of which the diocese used to pay staff and clergy from April until Aug. 31.<\/p>\n<p>Despite federal support, the church is\u00a0operating at a $65,000 monthly deficit and expects to run out of money by mid-2021, the letter stated. Some parishes have been unable to pay their clergy.<\/p>\n<p>&#8220;Don&#8217;t get me wrong, we have very healthy parishes,&#8221; Rose said. &#8220;It&#8217;s the central office that is experiencing this setback right now.&#8221;<\/p>\n<p>The diocese will end 2020 some $670,000 in the red, according to the finance committee&#8217;s estimate.<\/p>\n<p>The report suggested selling diocesan assets as a short-term fix. Its vacant office property at 19 King&#8217;s Bridge Rd. is listed for sale with an asking price of $1.5 million.<\/p>\n<p>&#8220;We must stress that the sale of property to provide operating revenue is an emergency response and must not be considered lightly,&#8221; the letter says, &#8220;as it only provides a Band-Aid solution to a hemorrhage situation.&#8221;<\/p>\n<p>Officials within the diocese are hammering out a plan for the coming months, which may include building closures and layoffs. &#8220;Our way of being the church may look very different in the months to come,&#8221; the letter said.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>This isn\u2019t particularly surprising. Although at the September 2019 synod, the diocese voted to marry same-sex couples in defiance of the General Synod vote that failed to approve same-sex marriage. I\u2019m sure the diocese is shocked that this bold move &hellip; <a href=\"https:\/\/www.anglicansamizdat.net\/wordpress\/diocese-of-eastern-newfoundland-and-labrador-is-running-out-of-cash-and-selling-assets-to-stay-afloat\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[105],"tags":[],"class_list":["post-28545","post","type-post","status-publish","format-standard","hentry","category-diocese-of-eastern-newfoundland-and-labrador"],"_links":{"self":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/posts\/28545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/comments?post=28545"}],"version-history":[{"count":0,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/posts\/28545\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/media?parent=28545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/categories?post=28545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.anglicansamizdat.net\/wordpress\/wp-json\/wp\/v2\/tags?post=28545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}