99.7 Percent of Diocesan Pledges to National Budget Paid
Diocesan Press Service. February 3, 1975 [75044]
NEW YORK, N.Y. -- In 1974, 99.7 percent of the pledges for the support of the national budget of the Episcopal Church by the 93 domestic dioceses were paid in full. Only four dioceses failed to pay their pledges in full.
Also, according to Dr. Lindley M. Franklin, Jr., treasurer, 98.3 percent of the amount that was assigned to the U.S. dioceses by the formula adopted by the General Convention in 1973 was paid.
Total income on the 1974 budget exceeded the $13,625,732 estimate by $8,116.20. Income other than the accepted pledges by the dioceses came from voluntary offerings by overseas dioceses, trust funds, special gifts, short term investments, outside trusts, and unexpended budget of 1972.
U.S. dioceses paid $10,825,638.73 on pledges of $10,856,505.00. The assigned apportionment to the 93 dioceses was $11,008,381.00.
Dr. Franklin said that 70 of the 93 domestic dioceses have made their 1975 pledges, as of February 3, with 61 accepting their assigned apportionments or more, seven pledging less, and two estimated. The 1975 budget is $13,925,732, with the U.S. dioceses apportioned $11 million.