Filed under: Charity
According to the Episcopal News Service, a Christie's estimate places the windows' auction value between $1,260,000 and $1,930,000 but an independent appraiser valued them at $2,515,000, saying that $1,900,000 to $2,300,000 would be a fair price. If the windows aren't sold they may still required a restoration that could cost as much as $500,000. If the church takes the offer and sells the windows the proceeds go into the parish's endowment. St. Paul's runs an after-school program and has a community development corporation that offers programs including a food pantry and men's shelter.
St. John's Episcopal Church in Elizabeth, New Jersey, sold three of its Tiffany memorial windows and may sell more. Some churches are finding that while attendance is up, the demographics have changed so the general endowment is shrinking. Beauty, tradition and heritage or the chance to possibly do more good and protect against an uncertain future, it's not an easy choice for any organization to make.