US EditionDiocese’s permanent endowment boosted by $8.72 million transferred from Bishop as Corporation Sole
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Diocese’s permanent endowment boosted by $8.72 million transferred from Bishop as Corporation Sole
The permanent endowment safeguarded and administered by the Corporation of the Diocese (COTD) – a nine-member elected fiduciary body – will receive $8.72 million transferred from the Bishop as Corporation Sole. Initiated by Bishop John Harvey Taylor and accepted by the COTD at its July 15 meeting, the transfer moves Corp Sole’s Mr. and Mrs. Ledger T. Smith Memorial Fund for the poor and needy to permanent COTD management and will increase the di…
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