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re: Catholic parishes, charities will be asked to give $60M to church bankruptcy settlement
Posted on 8/4/25 at 6:49 am to forkedintheroad
Posted on 8/4/25 at 6:49 am to forkedintheroad
(no message)
This post was edited on 8/4/25 at 11:42 am
0
Posted on 8/4/25 at 7:32 am to Major Dutch Schaefer
I'm having a little trouble understanding how the Archdiocese is going to convince parishioners to personally cough up the extra money. Good luck.
Posted on 8/4/25 at 8:49 am to Major Dutch Schaefer
Is there any biblical reasoning behind the church stating that they’d be asking for money to fund sexual abuse?
Posted on 8/4/25 at 8:55 am to 62Tigerfan
quote:
I'm having a little trouble understanding how the Archdiocese is going to convince parishioners to personally cough up the extra money. Good luck.
In some cases they will just take it from parishes who have built up reserves. In Holy Names case it may be four million of their reserve. But I wonder most how this affects future construction. They are requiring each parish to have its own bankruptcy. How does that affect the ability to borrow to build?
Posted on 8/4/25 at 9:07 am to Bestbank Tiger
"Enough real estate": Not sure if still current but not that many years ago the Church was the largest property owner in the country. By far.
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