Billionaire Builds An Evangelical Christian Empire From Hobby Lobby Fortune
Bill Berkowitz printable version print page     Bookmark and Share
Wed Aug 10, 2011 at 11:41:48 AM EST
Over the past nearly forty years, David Green has turned Hobby Lobby (http://www.hobbylobby.com/home.cfm), the privately held arts and crafts supply business he founded, from a small retail shop located in North Oklahoma City to more than 475 stores operating in 40 states that employ nearly 20,000 people. These days, its headquarters is a 3.4 million square foot manufacturing, distribution and office complex in Oklahoma City. As of March 2011, Green was listed at #440 in Forbes' World's Billionaires list (#147 in the United States) with a net worth of some $2.5 billion.

Not that the Green family is trying to keep it a secret, but probably unbeknownst to many of the tens of thousands of shoppers that go through the doors at Hobby Lobby shops around the country each day in search of a myriad of arts and crafts supplies, is that founder David Green, and his son Mart, are major donors to, stakeholders in, and benefactors of a number of Christian evangelical organizations and institutions.

When the Green family rides in to the rescue - as it has done frequently over the past two decades - it often comes with strings attached.

Rescuing Oral Roberts University from Oral Roberts' son's personal spending spree

Take the situation at Oral Roberts University:

A few years back, when Oral Roberts University's very existence was threatened by charges of excessive spending by Oral Roberts' son Richard and his wife Lindsay, Mart Green, the founder and CEO of Mardel Christian and Educational Supply (http://www.mardel.com/) and of Every Tribe Entertainment (http://www.everytribe.com/splashflash_content.aspx), and an heir to the Hobby Lobby family of companies, gave between $70 and 100 million to rescue the Tulsa, Oklahoma-based University founded by televangelist Oral Roberts.

According to a September, 3, 2008 report in Christianity Today, "In October 2007, the tragic unwinding of ORU's trust, reputation, and spirit began as three whistle-blowing professors filed a wrongful termination suit. They charged that Richard Roberts, president and son of founder Oral Roberts, and his board-member wife, Lindsay, misspent school funds, including $39,000 for a shopping spree for Lindsay, a $29,411 trip to the Bahamas aboard a university jet for one of the couple's daughters, and a stable of horses for their three daughters, among many other accusations."

According to OCRegister.com, "Hobby Lobby now runs the Tulsa-based University after putting $100 million into it," and Mart Green is chair of the ORU Board of Trustees.

At the time, Mart Green reportedly said: "When Jim Bakker and Jimmy Swaggart had their situations, a lot of people suffered. When the Catholic priests had their situation, a lot of people suffered. If ORU goes down it affects all the Christian colleges."

A recent ORU News Release pointed out "the debt at Oral Roberts University has been reduced to just under $720,000. This new total is being announced along with a preliminary summary of the Renewing the Vision Matching Campaign that raised over $22 million from 15,796 donors.

"I am incredibly excited about the debt being reduced by such a significant amount. Debt is one of the dragons that ORU needed to slay to ensure economic sustainability, and we are almost there," said Mart Green. "I want to thank all of the alumni and friends of the university who graciously gave to support the new ORU."

Mart Green's Every Tribe Entertainment has produced two films, "Beyond the Gates of Splendor," a 2002 documentary, and "End of the Spear," an 2005 adventure drama, "both of which focus on the religious conversion of the Waorani people of Ecuador," according to a post at Daily Kos. (As of this writing, the last entry in the "News" section of ETE's website is dated April 30, 2007. However, for an interesting interview with Bill Ewing, President of ETE, see http://whenmagazine.com/2010/06/02/conversation-with-bill-ewing-p resident-of-every-tribe-entertainment/.)

Supporting Rick Warren's Saddleback enterprise & hunting for the Crystal Cathedral

Earlier this month, the $3 billion a year company, "donated a 170-acre ranch in San Juan Capistrano, Calif., to" Rick Warren's Saddleback Church. "...Warren, his staff and the church's congregation have contributed to the Lord's work on this property and we couldn't be more excited to donate this property to them," said Green.

The land was initially a gift to Robert H. Schuller's Crystal Cathedral Ministries "from Donna Crean and her late husband, John, founders of Fleetwood Enterprises," according to Charisma News Online. "Hobby Lobby purchased the property in 2010 from the financially burdened Crystal Cathedral Ministries. An announcement was made on May 11, 2010, that the crafting retailer would lease the Rancho Capistrano property to Warren's Saddleback Church so that the ranch's initial ministry vision would be carried on."

Interestingly enough, one day after announcing its gift to Saddleback, Hobby Lobby "made an offer to the bankrupt Crystal Cathedral," Charisma News Online reported. "Hobby Lobby Stores Inc. offered the Crystal Cathedral Board of Directors