[Magdalen] Parish in crisis, was Re: Some Christmas music

ME Michaud michaudme at gmail.com
Fri Dec 18 03:01:29 UTC 2015


I'd worry more about a parish that controls its own endowment, actually.

Before ours was turned over to the diocese, it was mishandled dreadfully,
both bad investment advice and nasty re-direction of funds.
-M


On Thursday, December 17, 2015, Scott Knitter <scottknitter at gmail.com>
wrote:

> Yes, and the diocesan representative assures us that the diocese has
> no designs on the money. It's controlled by the parish, as far as I
> know. One of the endowments started as a $1 million gift to the parish
> from one of its long-term rectors. He did well in investing. The gift
> that keeps on giving.
>
>


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