finances Archives - Anglican Journal

Surplus seen for 2021, but uncertainty ahead

Matthew Puddister — Sat, 01 Jan 2022 14:00:53 +0000

The church is headed toward a healthy surplus for 2021, CoGS heard at its November meeting. But the financial outlook for 2022 and beyond will be highly unpredictable until the pandemic’s effect on the church is known with more clarity, the council was told.

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Anglican-affiliated Thorneloe University fights to remain federated with Laurentian

Joelle Kidd — Tue, 01 Jun 2021 04:01:54 +0000

The president of Thorneloe University, a Sudbury, Ont. school affiliated with the Anglican Church of Canada, says an attempt by Laurentian University to end a 60-year-old federation agreement between the schools could seriously threaten its income and course offering. “No students means no tuition, which means no income,” Thorneloe University president Canon John Gibaut wrote […]

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Pandemic year ends with surplus—but cuts likely at national office from 2022, CoGS hears

Joelle Kidd — Thu, 07 Jan 2021 05:05:42 +0000

Despite the difficulties and uncertainties brought by the COVID-19 pandemic, General Synod is projected to end the year with a substantial surplus, Council of General Synod (CoGS) heard Nov. 7.

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More dioceses announce financial support for parishes during COVID-19 crisis

Joelle Kidd — Mon, 30 Mar 2020 18:23:21 +0000

The diocese of Nova Scotia and P.E.I. and diocese of Eastern Newfoundland and Labrador have announced plans to help parishes facing financial challenges in light of the COVID-19 pandemic. In a statement released March 28, Archbishop Ron Cutler, bishop of the diocese of Nova Scotia and P.E.I. and metropolitan of the ecclesiastical province of Canada, […]

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CoGS hears of decrease in diocesan proportional giving in budget presentation, votes on 2021 contingency provision

Joelle Kidd — Tue, 12 Nov 2019 15:28:24 +0000

Mississauga, Ont. Diocesan contributions, which account for 87% of General Synod’s net revenue, have decreased by around 20% over the past 25 years, Council of General Synod (CoGS) heard Nov. 9 during a budget presentation by General Synod treasurer Hanna Goschy. Following the presentation, CoGS voted to approve the 2020 budget and a contingency provision […]

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2018 Anglican Journal Appeal raises $474,489

Joelle Kidd — Thu, 12 Sep 2019 12:00:33 +0000

Last year’s Anglican Journal Appeal, the Journal’s annual donation campaign, raised $474,489 and boasted its highest-ever average donation, $56. The total of the 2018 appeal was a 1.4% drop from the previous year, which raised $479,958. The average donation in 2017 was $55. The 2018 appeal shows the continuation of a trend in which fewer […]

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General Synod approves Jubilee Commission

Joelle Kidd — Fri, 19 Jul 2019 13:00:33 +0000

General Synod passed a motion July 16 to affirm the creation of the Jubilee Commission, a commission tasked with finding a “just, sustainable and equitable funding base for the self-determining Indigenous Anglican church.” The commission will be “charged with examining historic and current funds made available for Indigenous ministry at various levels of the church’s […]

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