The richest Episcopal parish in the U.S. belongs to Manhattan's Trinity Church. This onetime landmark on the New York skyline, which now nestles prim and diminutive between office buildings at the head of Wall Street, owns five chapels and an estimated $35 million worth of city real estate. This week Trinity inducted its 13th rector—redheaded Dr. John Heuss Jr., 43, present director of the Episcopal Church's national department of Christian education.
Trinity has been on the lookout for a new rector since June, when the Rev. Frederic S. Fleming, 65, announced his retirement after serving the 254-year-old parish since 1932. Trinity is...