Grant to the Diocese of Taiwan
Resolution text
Resolved, That the Executive Committee wishes to enable the expansion of ministries to people of Chinese descent; and be it further
Resolved, That because certain board directed trust funds have been restricted for ministry to Chinese of the Dispersion (post-Communist takeover), the Executive Committee agrees to grant $55,000 to the Diocese of Taiwan to assist in an episcopal transition; and be it further
Resolved, That the funds will be used specifically to defray costs of election and consecration expenses; participation of the new bishop at the 2020 Lambeth Conference; and year one of the new bishop’s participation in the College for Bishops.
Explanation
This grant is a request from Bishop David Lai. It is supported by the Presiding Bishop.
These trusts, which are restricted for ministry among the Chinese of the Dispersion, have been used for work in the Diocese of Taiwan, and, more recently, to assist with the Li Tim-Oi Center for Chinese Ministry in the Diocese of Los Angeles.
These trust funds totaled approximately $4.7 million at 06/30/2019, generating annual dividends of approximately $220K.