Home
/
RELIGION & LIBERTY ONLINE
/
Why is the Episcopal Church Working as a Debt Collector?
Why is the Episcopal Church Working as a Debt Collector?
Jan 12, 2025 2:22 PM

For decades The Episcopal Church (ECUSA) has faced declining membership (in 1966, the ECUSA had 3,647,297 members; by 2013, the membership was 1,866,758, a decline of 49 percent.) But even when people are leaving the pews someone still has to pay for those pews, as well as the other overhead costs e with running a large organization. Not surprising, the denomination has sought ways to bring in additional revenue.

Currently, the ECUSA has two primary sources of e. According to its latest audited financial statements for the calendar year 2013, it received a little over $27 million from its member dioceses, and it received half as much again, or $13.8 million, from the federal government.

As A.S. Haley notes, the money ECUSA received from the federal government was in connection with the services provided by Episcopal Migration Ministries, which assists the State Department in relocating refugees throughout the United States. That is certainly noble and necessary work, and the denomination should mended for providing a valuable service to a munity.

But as Haley points out, the records show the ECUSA also makes a lot of money as a debt collector:

As of the end of calendar 2013, ECUSA had undertaken to collect for the U.S. Government a total of$11,339,000in loans made by the Government to refugees for their expenses in being brought to the United States for relocation.

From the Presiding Bishop’sannotated budget proposal for the 2013-2015 triennium, we learn (p. 2, line 13) that the Church earned a total of $2,163,008 from its debt collection efforts during the 2010-2012 triennium, and incurred collection costs for that same period (p. 5, line 87) of just $983,442. As a debt collector from 2010 through 2012, therefore, the Church added a total of$1,179,566to its bottom line, or approximately$393,189of pure profit per year.

And from the latest year-end statement of operations for calendar 2014, we learn (line 13, column 4) that in just its most recent year, ECUSA took in a total of$933,218from the refugees it assisted — some $223,218 over budget, and attributed in the note at the far right to “Exceptional performance by the Refugee Loan Collections staff.” At the same time, its loan collection expenses for 2014 (first page, fourth line from the bottom) were just $548,343, for a net surplus from debt collecting of$384,875— so the profitability of refugee loans continues at almost the same pace, thanks to the staff’s extraordinary efforts.

Does that claim of a “$2.4 million surplus” in 2014 still look the same to you? Was it achieved, in part, on the backs of the refugees whom the Government paid ECUSA to assist?

While I find the idea of a Christian denomination serving a debt collector rather off-putting, there isn’t anything inherently wrong with recovering money that was loaned. But it bothers me that the ECUSA is making a hefty profit off the collection services. Either they are collecting more than they should (and thus acting unjustly toward the refugees) or the government is allowing the denomination to keep a portion of the funds loaned (and thus acting unjustly toward taxpayers).

Perhaps there is a reasonable explanation, and if so I hope someone with knowledge about the practice can clarify what is going on. But it certainly looks bad. As Haley asks, “What in the world is a church doing in the debt collection business, and pocketing more than twice its actual costs of collection while doing so? Would that not be considered excessive, even for a loan shark?”

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Movie review: ‘The Founder,’ Schumpeter, and the entrepreneur
Faye Dunaway and Warren Beatty made a mistake of historic proportions at the 2017 Academy Awards, when they mistakenly awarded the Oscar for “Best Picture” to La La Land. They should have awarded it to The Founder, the new biopic about McDonald’s founder Ray Kroc which, alas,did not garner any Oscar nominations. I saw The Founder on February 8. By happenstance, that is the birthday of Joseph A. Schumpeter, the Viennese economist whose key contribution to his discipline was his...
What public schools should learn from homeschool economics
Embed from Getty Images If our new Education Secretary, Betsy DeVos, is looking for a creative way to fix our public schools, she should look to homeschoolers. As Thomas Purifoy explains, homeschooling offers a model for how our schools can be run more effectively. “Public education is the fount of most problems in the United States, not simply based on content, but also on structure,” says Purifoy. “Simply put: it is economically impossible for American public education to be successful...
DonorSee: A charity app that challenges ‘Big Aid’
For far too long, Westerners have simply accepted the status quo of foreign aid, building ever-larger systems and programs for global charity even as they’re proven to squander resources and disempower the munities they intend to assist. As films like Poverty, Inc.and thePovertyCureaptly demonstrate, when es to charity, we need a profound shift in our heads, hands, and hearts — “from aid to enterprise, from poverty alleviation to wealth creation, from paternalism to partnerships, from handouts to investments.” Such a...
What does Lent tell us about markets and morality?
Embed from Getty Images The Christian season of Lent starts next Wednesday. Lent is a season of forty days, not counting Sundays, which begins on Ash Wednesday and ends on Holy Saturday. The period represents the forty days represents the time Jesus spent in the wilderness, enduring the temptation of Satan and preparing to begin his ministry. Lent is a time, says Margarita Mooney, when Christians engage in particular practices to remind ourselves of our nature as persons and our...
Ignoring faith and human dignity leaves Europe ‘adrift’: Joint Catholic-Orthodox statement
Leaders from the world’s two largest churches say that Christians in the West are facing “unprecedented” hurdles to living out their vocation according to their conscience. A statement from Roman Catholic and Eastern Orthodox Christians says that as traditional Western culture – liberally influenced by Christianity – is replaced with relativistic secularism and radicalized Islam, Christians are facing new barriers to entering whole sectors of the workplace, as well as other forms of hard and soft persecution. A misunderstanding of...
Temporary jobs have long-term effects on European youth
Ask any economist what the greatest force undermining prosperity is, and hewill answer with one word: uncertainty. But since economics is just human action, uncertainty hurts every aspect of peoples’ lives, upending their plans and delaying – or destroying – their dreams. In Europe, a growing number of young people are unable to engage in the rites of passage that marked the entrance of previous generations into adulthood – a subject Marco Respinti explores on the Religion & Liberty Transatlantic...
A guaranteed income isn’t the solution to widespread unemployment
In a recent article for Public Discourse, Dylan Pahman, a research fellow at Acton, examines the ineffectiveness of trade protectionism and universal e guarantees. Pahman argues that regulating wages and restraining free trade will do more harm then good to the success of business. Pahman begins his critique by responding to Trump’s stance on protectionism. During his inaugural address, Trump said: One by one, the factories shuttered and left our shores, with not even a thought about the millions upon...
Why people prefer government to markets
People do not love markets,” says Pascal Boyer of the International Cognition & Culture Institute, “there is a lot of evidence for that.” Sadly, Boyer is right and I suspect he’s right about the cause too: People do not like markets because people seem not to understand much about market economics. We don’t fully understand this antipathy, Boyer notes, because there hasn’t been much research on folk-economics, a study of “what makes people’s economic modules tick.” But I think Boyer...
The Christian patristic roots of religious liberty
One of the aspects that I left out of my article yesterdayon the fifth European Catholic-Orthodox Forum statement worth noting isits declaration on the origins of religious liberty. Freedom of conscience and the right to choose one’s own religion – two human rights extolled by the modern, secular EU – grew out of the Christian conception of human dignity. Specifically, they originate with second-century Christian writers, according to the fifth European Catholic-Orthodox Forum’s statement: We have endeavoured to recall the...
Understanding the President’s Cabinet: Veterans Affairs Secretary
Note: This is the sixth in a weekly series of explanatory posts on the officials and agencies included in the President’s Cabinet. See the series introductionhere. Department of Education / U.S. Department of Education (Public Domain) Cabinet position:Secretary of Veterans Affairs Department:Department of Veterans Affairs Current Secretary:David J. Shulkin Succession:The Secretary of Veterans Affairs is sixteenth in the presidential line of succession. Department Mission:“The Department of Veterans Affairs (VA) is responsible for providing vital services to America’s veterans. VA provides...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved