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Investigation: Catholic Church had $10B in cash before amassing billions in PPP loans

Investigation: Catholic Church had $10B in cash before amassing billions in PPP loans
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Catholic dioceses in US sat on more than $10BILLION during pandemic but were granted $1.5B in aid

Associated Press investigation uncovered 112 Catholic dioceses collected at least $1.5billion in Paycheck Program Aid
Dioceses were granted taxpayer-backed aid despite sitting on $10billion in cash and assets
In all, nation s nearly 200 dioceses and other Catholic institutions received at least $3billion
Financial statements from dozens of dioceses show their available resources remained robust or improved
Archdiocese of Chicago had more than $1billion in cash and investments as donations continued pouring in
Roman Catholic Diocese of Charlotte received more than $8million from small business relief program, despite sitting on $100million in cash and investments
Los Angeles Archdiocese collected at least $80million in paycheck aid, at a time when headquarters reported $658million in available funds ....

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Sitting on billions in reserve, Catholic dioceses amassed taxpayer aid for small businesses

Sitting on billions in reserve, Catholic dioceses amassed taxpayer aid for small businesses
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Catholic dioceses amassed taxpayer coronavirus aid as they sat on billions

Catholic dioceses amassed taxpayer coronavirus aid as they sat on billions
Several had resources rivaling those of companies like Shake Shack and Ruthâs Chris Steak House, whose participation in the program triggered outrage.
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Worshippers gather for Christmas Eve Mass at the Cathedral of Our Lady of the Angels in Los Angeles. Parishes, schools and ministries in Los Angeles collected at least $80 million in paycheck protection aid even as the diocese reported over $650 million in available funds. [ ASHLEY LANDIS | AP ]
Published Feb. 4
When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal governmentâs signature small business relief program for more than $8 million. ....

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Sitting on billions, Catholic dioceses amassed taxpayer aid during pandemic

Sitting on billions, Catholic dioceses amassed taxpayer aid during pandemic
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