D010 HB Committee #12 Report #17
House of Bishops Committee 12 - Agencies & Boards presents its Report #17 on Resolution D010 (The Creation of a Clergy Compensation Contribution Fund ) and moves:
Take No Further Action
Resolved, the House of Bishops concurring,
That the 81th General Convention of The Episcopal Church direct the Domestic and Foreign Missionary Society of the Protestant Episcopal Church (the “Episcopal Church”) to conduct a study to determine if it is possible to establish a permanent Clergy Compensation Contribution Fund (the “Fund”) whereby the applicable 9% matching contributions will would be made from the Fund to pay the matching contributions of a toward the cost of a solo congregational priest’s compensation in predominantly non-white congregations that could not otherwise afford it who would serve such congregation but for the fact that the required matching contributions makes it unaffordable for the hiring of such priest; and be it further
Resolved, That such study shall include a review of all existing trust assets to determine if any such existing trust funds can be repurposed to finance the Fund; and be it further
Resolved, That no priest may be eligible to participate in receiving matching contributions from the Fund where his\her congregation’s gross income exceeds $250,000; and be it further
Resolved, That The Church Pension Fund also be included in the discussions because of its clergy compensation expertise; and be it further
Resolved, That the Officers of the Episcopal Church and Executive Council shall refer this resolution to the appropriate Interim Body for consideration; and be it further
Resolved, That The Episcopal Church shall report to the 82nd General Convention on the progress that it has made during the triennium in its efforts to effectuate the purposes of this resolution.