Financial Situation
Although an established church, the Church of England does not receive any direct government support. Donations comprise its largest source of income, and it also relies heavily on the income from its various historic endowments. As of 2005, the Church of England had estimated total outgoings of around £900 million.
The Church of England manages an investment portfolio which is worth more than £8 billion.
Read more about this topic: English Church
Famous quotes containing the words financial situation, financial and/or situation:
“A theory of the middle class: that it is not to be determined by its financial situation but rather by its relation to government. That is, one could shade down from an actual ruling or governing class to a class hopelessly out of relation to government, thinking of gov’t as beyond its control, of itself as wholly controlled by gov’t. Somewhere in between and in gradations is the group that has the sense that gov’t exists for it, and shapes its consciousness accordingly.”
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