$150 million donation to PC(USA) announced; Questions arise
Compiled from several Outlook reports
A Denver businessman announced June 15 a $150 million gift to the Presbyterian Church (U.S.A.) -- saying he is tired of watching the continuing decline of the denomination he loves and challenging Presbyterians "to reverse all negative trends. We can grow." Then on June 21 questions arose regarding his ability to fulfill that pledge.
The money from the new Loaves and Fishes Church Growth Fund would be used for grants to presbyteries -- from $250,000 to $1 million apiece. Presbyteries would have to apply for the funds and match part of it. The money would be used for church growth, mission work and theological education.