Weekly Blurb
Sunday 28 July, 2002 · Posted by Philip Bassett On Thursday I attended the launch of the Glebe Board's new GLEBE INCOME ACCOUNTS scheme. Basically it consists of a system of investment accounts that returns investors (that's you, me, the parish, or whoever) a better than the banks interest rate while the profit goes to assist the Diocese in the work of the Gospel. Let me give a simple example:
Laying up treasure in heaven (while still having some to spend on earth)
|
Bank |
Glebe |
|
|
You invest say |
$10,000 |
$10,000 |
|
They invest & earn |
10% |
10% |
|
Or
|
$1,000 |
$1,000 |
|
They pay you |
5% |
6% |
|
Or
|
$500 |
$600 |
|
They keep |
$500 |
$400 |
The real difference is that the profit the bank keeps ends up with the shareholders while the profit the Glebe keeps ends up with the Synod of our Diocese to fund ministry.
If we are serious about moving our diocese from maintenance mode to mission mode then this scheme provides a means of helping to finance the move.
Incidentally the Glebe accounts have no fees, provide cheque books, have internet access, and can be used for direct debit payments. With your money in one of these accounts you can help lay up treasures in heaven while still paying the bills here on earth.
More information will be available soon.
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