For Mother Teresa Catholic Church in North Carolina, a smaller congregation isn t a bad thing
americamagazine.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americamagazine.org Daily Mail and Mail on Sunday newspapers.
Amid a boom of plus-sized churches, one Catholic church wants to keep it small
religionnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from religionnews.com Daily Mail and Mail on Sunday newspapers.
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.
Dioceses cry foul over funding report The U.S. Capitol is seen in Washington at dawn Jan. 10, 2021. CNS photo/Tyler Orsburn Dioceses cry foul over funding report By Tom Tracy, Catholic News Service February 10, 2021
U.S. dioceses are crying foul over an investigative report on coronavirus relief funding they say grossly mischaracterized the Catholic Church’s finances and unrestricted cash flows, leaving the impression the Church used the 2020 CARES Act to hoard cash.
Officials of the Diocese of Charlotte, N.C., said their diocese was among several first contacted by The Associated Press last December in advance of an investigative-style report headlined, “Sitting on billions, Catholic dioceses amass taxpayer aid,” and the Charlotte diocese provided the AP with detailed responses and financial data related to the Paycheck Protection Program, or PPP.