$39,000 Allocated to 3 Black Colleges
Diocesan Press Service. May 15, 1975 [75195]
DENVER, Colo. -- The first allocation of funds in the Episcopal Church's Income Development Program was made here by the Executive Council to three Episcopal black colleges whose 1975 budget requests were not funded in full last December.
The Council, meeting here May 14-15, approved funds in the amount of $39, 000 to the three colleges -- St. Augustine's, Raleigh, N.C.; St. Paul's, Lawrenceville, Va.; and Voorhees, Denmark, S.C. -- to be divided by the three colleges themselves.
This restores to the three colleges the amount which the Council was not able to provide last December because of the General Convention's guideline for a balanced budget of $13.9 million for 1975. The Council, however, approved a general church program budget of $15.1 million, representing the minimal amount needed to carry on the mission and ministry of the Church.
The three black colleges were budgeted at $797,000 for 1975, and the $39,000 allocation will restore the deficit for the fiscal year of the colleges ending June 30, 1975.
The Income Development Program was set up as a process for securing funds over and above the amount apportioned to the 93 domestic dioceses.
To date 19 dioceses have indicated a positive response to this program, and most of the $140,000 tentatively pledged has been undesignated. The $39,000 allocation for the three colleges came from these undesignated funds.