Status of Major Gift to PC(USA) is Uncertain

The November 30 pledge deadline has come and gone and there is still no news on a $150 million gift pledged by Denver businessman Stanley Anderson.  The Denver CBS TV station reports on their web site that according to court records his assets are still frozen awaiting payment of an $850,000 default judgment against him.  The article says that Anderson will have an update early next year.

If you remember back to the Presbyterian Church (USA) 217th General Assembly last June this donation was trumpeted at the beginning of the assembly and then after the announcement the Denver media began questioning Mr. Anderson’s ability to fulfill it due to legal problems arising from financial dealings.

Stay tuned…

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