That the NEC ask the Administration & Finance Committee to ensure that all disbursements from undesignated bequests of either interest or capital be channelled through the Assessment or Apportionment Budgets, and
that requests for special projects or needs be considered only after referral to the Program Committee for review along with existing priorities.
Text
That the above motion be referred to the Administration & Finance Committee for study and response at the March 1992 NEC meeting. CARRIED #74-11-91
Notes
Archdeacon Jim Boyles was asked to forward further information to the Administration and Finance Committee to assist in its deliberations.
It is estimated that the Assessment Accounts Deficit at December 31, 1975 (including the total cost of the Survey on Church Union) will be about $117,000.
Text
That the National Executive Council concur that undesignated legacies to General Synod (presently added to the capital of the Primacy Fund), beginning January 1, 1976, be used to pay off of the accumulated Assessment Accounts Deficit (estimated at $117,000 at December 31, 1975). CARRIED
Notes
The Administration and Finance Committee will make a study of the use of undesignated legacies to General Synod after the Assessment Accounts Deficit has been retired.
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Advertisement for Planned Giving section of the Anglican Church of Canada Dept. of Philanthropy. James, a retired warden, has visited a lawyers to revise his will. "In addition to providing bequests for his grandchildren's education, he has decided to name his parish as a beneficiary as well. In fact, he has decided to provide a tithe, or temperament, of his estate to his parish church, continuing what he practises every Sunday as a committed tither. .... James recently heard a gift planner quote St. Catherine of Sienna's thoughtful remark -- 'Consider your possessions loaned to you by God' -- and realised that in thanksgiving to God, he really should do something about this advice". Advertisement.
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Advertisement for Planned Giving section of the Anglican Church of Canada Dept. of Philanthropy. Story of James, a retired layman, active as a volunteer serving his parish as a warden. "James visited a lawyer friend recently and revised his will. In addition to providing bequests for his grandchildren's education, he has decided to name his parish as a beneficiary as well. In fact, he has decided to provide a tithe, or ten percent, of his estate to his parish church, continuing what he practices every Sunday as a committed tither. He has encouraged his friends to do the same".