Boy Scouts May End Gay Ban

by Nate Wooley | January 29, 2013 9:48 am

boyscout logo 300x292 Boy Scouts May End Gay Ban[1]The Boy Scouts of America is considering ending its ban on gay members and leaders.

The move comes as a surprise to some, The New York Times reports[2]. As recently as last year, the organization reaffirmed its stance forbidding homosexuals from participating in any of the group’s activities. In 2000, the U.S. Supreme Court upheld its right to discriminate based on sexual orientation.

The organization had been losing support. Late last year UPS (NYSE:UPS[3]) announced that it would no longer contribute to the BSA[4]. That move followed a similar action by Intel (NASDAQ:INTC[5]) earlier in the year. The CEOs of both AT&T (NYSE:T[6]) and Ernst & Young, both on the board of the BSA, also announced that they personally did not support the ban.

If the Boy Scouts drops the ban, it move the decision to the local level. In a statement, the BSA said, “The Boy Scouts would not, under any circumstances, dictate a position to units, members, or parents. This would mean there would no longer be any national policy regarding sexual orientation, and the chartered organizations that oversee and deliver Scouting would accept membership and select leaders consistent with each organization’s mission, principles, or religious beliefs.”

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/01/boyscout_logo.jpg
  2. The New York Times reports: http://www.nytimes.com/2013/01/29/us/boy-scouts-consider-lifting-ban-on-gay-leaders.html?pagewanted=1&_r=0
  3. UPS: http://studio-5.financialcontent.com/investplace/quote?Symbol=UPS
  4. no longer contribute to the BSA: http://investorplace.com/2012/11/ups-pulls-boy-scouts-funding-over-gay-ban/
  5. INTC: http://studio-5.financialcontent.com/investplace/quote?Symbol=INTC
  6. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T
  7. Man Buys Out Entire Kmart Store and Gives All to Charity: http://investorplace.com/2012/05/man-buys-out-entire-kmart-store-and-gives-all-to-charity/
  8. Actor Donates $200K for Date With Bill Clinton: http://investorplace.com/2013/01/actor-donates-200k-for-date-with-bill-clinton/
  9. Mark Zuckerberg Donates $500M in Stock: http://investorplace.com/ipo-playbook/mark-zuckerberg-donates-500m-in-stock/

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