REPORT: Boy Scouts Of America Near Bankruptcy After Adopting Liberal Policies
Guest post by Mike LaChance at American Lookout:
In recent years, the Boy Scouts of America has changed its policies to allow gay leaders and to allow girls to join. Those decisions are having a major impact on the organization’s bottom line and now they are reportedly close to bankruptcy. What a shame.
The Daily Caller reports:
BOY SCOUTS ON VERGE OF BANKRUPTCY
The Boy Scouts of America is considering declaring bankruptcy, according to a Wall Street Journal report.
The Wednesday report comes in the wake of sinking membership and multiple controversies surrounding the 108-year-old organization, including sex abuse allegations and its controversial decision to change its program name from Boy Scouts to Scouts BSA and allow girls into that program.
Chicago law firm Sidley Austin has reportedly been hired to assist in what would be a Chapter 11 bankruptcy filing.
As the organization has made decisions deemed to be more inclusive, such as allowing openly gay scouts in 2013 and scoutmasters in 2015 as well as the 2018 decision to allow girls, membership has continued to decline sharply, from over 4 million members at its peak to a claimed 2.3 million members at present.
The report goes on to say that the Mormon Church is close to severing its relationship with the BSA over the addition of gay leaders. That will shrink membership even more. The group chose poorly.