Kruse Kronicle

Man Pledged Millions To Church, In Trouble

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by

mwkruse
in

I know many of you do not (yet) subscribe to Presbyweb, but there is an article there you have to see. The stuff around the assembly keeps getting more bizarre. Denver TV station 4 has run the following story about Stanely Anderson, who announced a gift of $150 million to the PCUSA: Man Pledged Millions To Church, In Trouble

A Denver businessman and elder with the Presbyterian Church (USA) who promised to donate a record $150 million to the church owes hundreds of thousands of dollars to creditors and has had his assets frozen, according to public records reviewed by The Denver Post.

Stanley W. Anderson, 62, said Tuesday he was working to pay off his debts and was confident he could pay the donation he pledged last week in Birmingham, Ala.

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"If he says he will deliver it, he will deliver it," Detterick said. "I have complete faith in his integrity."

Comments

2 responses to “Man Pledged Millions To Church, In Trouble”

  1. Dave Moody Avatar
    Dave Moody

    That is a head scratcher, isn’t it? What was he thinking.. is the first quesiton that comes to mind. It also makes me ask an integrity quesiton– off shore investments, and his legal difficulties– and given our stance previously anyway, on divestment– ought we not investigate a bit further how this money – if there is any money– is being made? MRTI and all that. I know one shouldn’t look a gift horse in the mouth but…
    John 16.33

    Reply
  2. Andy Avatar
    Andy

    Some years ago, my alma mater (Washington and Jefferson College) was promised 100 million dollars by an alumnus. At the time the gift was pledged, he was the president of Amerind Investments, a tech-heavy index fund that rode the bubble of the 90s. When the bubble burst, it was revealed that Amerind was undercapitalized to begin with and now basically worthless. Of the 100 million pledged, no more than a couple of million dollars were received. There’s now a huge building on campus without a name that’s only finished on the ground floor.
    The moral of the story: check out your donors, and don’t make plans until the check clears.

    Reply

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