From the OC Register

THIS IS NEWS?

The reason why this is considered news was summed up rather well by a reader commenting on The Watchdog’s last Trinity post: “What is a non-profit organization doing holding $327 million in mortgage-backed securities?” the reader noted. “Aside from the risk in such an investment, it implies that the ministry has enough extra dough lying around (not going to ministry purposes) to buy speculative investments….I can’t believe they have enough money for speculative investments and then go on the air and ask for more dough!”

If Trinity did not have nonprofit status from Uncle Sam, it would likely be paying millions upon millions in taxes each year into public coffers.