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Coronavirus: Sitting on billions, U.S. Catholic dioceses amassed millions in taxpayer COVID-19 aid

When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal government s signature small business relief program for more than US$8 million.
The diocese s headquarters, churches and schools landed the help even though they had roughly US$100 million of their own cash and short-term investments available last spring, financial records show. When the cash catastrophe church leaders feared didn t materialize, those assets topped US$110 million by the summer.
I am gratified to report the overall good financial health of the diocese despite the many difficulties presented by the COVID-19 pandemic, Bishop Peter Jugis wrote in the diocese s audited financial report released last fall. ....

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Roman Catholic dioceses received $1.5 billion from government

The financial resources of several dioceses rivaled or exceeded those available to publicly traded companies like Shake Shack and Ruth’s Chris Steak House, whose early participation in the program triggered outrage. Federal officials responded by emphasizing the money was intended for those who lacked the cushion that cash and other liquidity provide. Many corporations returned the funds.
Overall, the nation s nearly 200 dioceses, where bishops and cardinals govern, and other Catholic institutions received at least $3 billion. That makes the Roman Catholic Church perhaps the biggest beneficiary of the paycheck program, according to AP s analysis of data the U.S. Small Business Administration released following a public-records lawsuit by news organizations. The agency for months had shared only partial information, making a more precise analysis impossible. ....

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