The World Faith Blog

World Faith: The Interfaith Service Network

Boston Globe: Founder Seeks ‘Angel’ to Save Peace Abbey 13 April , 2011

Filed under: Interfaith Issues — Administrator @ 12:50 pm
Tags: , ,

This is not the first financial crisis for the Peace Abbey, created to celebrate nonviolence and interfaith understanding after a visit to the Sherborn site by Mother Teresa in 1988.

But founder Lewis Randa desperately hopes it will not be the one that closes the nonprofit operation, and is searching for an “angel’’ philanthropist to help close a $366,000 shortfall that has put the abbey’s property into default and in jeopardy of foreclosure.

Randa said the Life Experience School, the entity that owns and operates the abbey, owes $63,000 in mortgage payments on its schoolhouse in Millis and a $303,000 line of credit to Middlesex Savings Bank. The line of credit is for school costs but is secured by the abbey property.

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