Washington National Cathedral will eliminate 30 jobs, drastically scale back the Cathedral College of Preachers and cut $8 million from its current budget because of the global financial downturn.
In a November 19 news release, the Very Rev. Samuel T. Lloyd III, the cathedral’s dean, said the cuts are “financially prudent” and are “necessary to protect our important work in the city and the nation.
“Like many other institutions around the world, Washington National Cathedral has been affected by the current downturn in the financial market,” said Lloyd. “And this is having a serious impact on invested funds that we have used to support our mission.”
One of the unfortunate downsides of relying on trust funds created by the faithful now departed. I suspect this will be a common problem for a denomination that is nationally in a seemingly irreversible decline among the living. Maybe Bishop Chane and his “Chane Gang” can get some extra gigs to help meet the shortfall in revenue.
Agreed #1. If they were to actually preach the Gospel there, the financial worries would lessen.
I think I get it. Obama and his family could offer the NatCat a ‘personalized bailout’, by attending, as Sally Quinn suggested – lend it some credibility or human capital resources or something in that vein……