Monday, October 16, 2006

This could get interesting

Marty Duren, over at SBC Outpost, has written about a proposal before the trustees at Southwestern Baptist Theological Seminary regarding the transfer of 90 million dollars in endowment funds from the Baptist Foundation in Texas to the Southwestern Seminary Foundation, to be managed by an organization that invests in, among many other things, breweries, tobacco companies and gambling companies. Marty raises the inevitable question of how this can be proposed in light of Resolution #5 at last summer's Southern Baptist Convention meeting.

I wonder if the voices that castigated those who opposed Resolution #5 will sound the alarm over this proposed action by SWBTS?

9 comments:

Matthew said...

Thanks for bringing this to my attention, Pastor Ascol. I know I'll certainly be following this story as well as its possible ramifications.

GUNNY said...

Wow!

That was quick. This will certainly be a test of consistency for those who support(ed) the resolution.

Probably one of the most interesting trustee sessions in a very long time with this and McKissic's issue.

Timmy said...

Something tells me that we weren't supposed to know that information.

scripturesearcher said...

Beloved Editor

The answer to your question in the last paragraph of your article....

NO! NO! OF COURSE NOT! THERE ARE DIFFERENT STROKES FOR DIFFERENT FOLKS AND DIFFERENT STANDARDS FOR DIFFERENT DENOMINATIONAL LEADERS!

I thought you knew that....

irreverend fox said...

Tom you asked:

"I wonder if the voices that castigated those who opposed Resolution #5 will sound the alarm over this proposed action by SWBTS?"

I highly doubt it. Should we laugh or cry?

chadwick said...

Strain a gnat. . . .swallow a camel.

Andrew Nicewander said...

It's kind of interesting that while that is going on at Southwestern, some churches in Burleson (a small community 15 minutes south of Ft. Worth) are having a 40 day fast to protest the sale of alcholol in the town.

http://www.dfw.com/mld/dfw/15739566.htm

geekforgreek said...

Though I am currently in the sunshine state for seminary, my years in Texas growing up and especially my time as a bible major there as an undergraduate student leads me to believe the shifting of the monies has more to do with Texas politics than anything else.

The Baptist Foundation of Texas is controlled by the BGCT and well the SWBTS and the BGCT are dire enemies these days and I imagine they are intent on moving 90 million out of their enemies watch.

Just a guess, but I would wager the money will be moved out from the BFoT and end up somewhere whether it is in "sin stocks" or not.

willreformed said...

I just left a BGCT church because it had a policy of abstinence for those in leadership, and when asked for the biblical justification, they stated it was conference policy, not biblical justification.