The Elephant’s Debt is back.
I surmise that this news is not welcome in Elgin, IL at the HQ of the Harvest Bible Chapel empire led by James MacDonald. Read the first two paragraphs of TED’s executive summary:
The Elephant’s Debt is a website dedicated to exposing some of the underlying reasons why many people have both privately and publicly questioned the character of Pastor James MacDonald and his lack of qualifications for being an elder and pastor at Harvest Bible Chapel of Rolling Meadows, Illinois.
By the close of 2010, Harvest’s balance sheet revealed that the church, while under the pastoral leadership of James MacDonald, had amassed approximately $65 million of debt, and in the midst of addressing the issues raised by this website, HBC Elders informed the congregation that the debt had been as high as $70 million. While this number in and of itself is shocking, what makes it worse is that some elders and much of the congregation had no knowledge of the extent of the debt. The rapid expansion of MacDonald’s ministry, for reasons of ego as much as concern for the Kingdom, was the cause for the sudden and surprising accumulation of debt. The point in raising the surprisingly accumulation of debt is not to question the current financial stability of the institution, but it is put forth as an example of the underlying character issues of MacDonald that many people are now expressing publicly.
So what brought the folks at TED back? Read this post about the “resignation” (forced removal?) of James MacDonald as president of the mission arm of HBC – Harvest Bible Fellowship. I had this news out first but TED is the leader when it comes to Harvest Bible Chapel so check out the analysis of the current situation.
MacDonald was once a member of Mark Driscoll’s Board of Advisors and Accountability as well as a member of Donald Trump’s evangelical advisory board. To his credit, he left Trump’s board when it became clear the board wasn’t getting anywhere. He left Driscoll’s board when the heat got hot at Mars Hill Church.
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