The Second Century
In its second century, the Boston Episcopal Charitable Society gradually evolved from functioning as a form of insurance for Anglicans to becoming a large charitable fund administered by increasingly wealthy and powerful members of the Boston establishment.
The Society invested in the local economy, owning bonds in institutions such as Massachusetts General Hospital, as well as United States Government bonds during the War of 1812 and beyond.
Post-Civil War and with the rise of the great philanthropists of the Gilded Age, there was debate over whether the Society should move away from giving small cash grants to become a larger organization, perhaps even owning and presiding over a shelter for those experiencing homelessness.
The Society decided to remain focused on providing cash grants, preserving the dignity and privacy of recipients, and avoiding the intrusive nature of public assistance.
Banquets were held in celebration of the Society’s work, for fundraising, and to raise awareness of the program.