Let’s Make CLEDC’s
Mission A Reality
The Mission of the Connectional Lay Economic Development Corporation (CLEDC) is to support the religious principles of the African Methodist Episcopal Church by establishing and/or supporting our AME Educational Insitutions, Church Buildings and Properties, Evangelism and Programs focused on the relief of the poor, distressed or underprivileged.
Brief History of Assistance Provided by CLEDC:
In accordance with CLEDC Mission, a loan of $100,000 was made to Morris Brown University to keep the University from losing its bankruptcy case and forfeiting millions of dollars in land and real property. The loan was repaid with interest in less than six months.
On October 28, 2009, the CLEDC Board was asked to loan Wilberforce University $100,000 to meet their expenses, which was immediately due. The CLEDC Board of Directors' approved this loan and the CLEDC Treasurer, Mr. Larry Hollie wired $100,000 to Dr. Richard Lewis, Treasurer/CFO for the AME Church, who in turn transferred the $100,000 for the loan to Wilberforce University.
Wilberforce, a historic AME University is facing severe economic difficulties and recognizing the new administration’s efforts to regenerate, the CLEDC Board agreed to forgive this loan of
$100,000 plus interest. Therefore, Wilberforce University is no longer obligated to repay this loan.
Mr. Tyrone L. Presley, the Chairman of CLEDC composed a letter to the Dr. Algeania Freeman, President of Wilberforce University to advise of this loan status. Mr. Presley ended the letter with “We trust that our assistance to the University will help it recover. It is our prayer that God will continue to Bless Wilberforce University.”
It is with your monetary donations to CLEDC what allows for us to make the CLEDC Mission a reality.
For more information or to make a contribution, please contact:
Chief Executive Officer, CLEDC
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