Sitting on billions, Catholic dioceses amassed taxpayer aid
By REESE DUNKLIN and MICHAEL REZENDESFebruary 4, 2021 GMT
https://apnews.com/article/catholic-church-get-aid-investigation-39a404f55c82fea84902cd16f04e37b2
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 $8 million.
The diocese’s headquarters, churches and schools landed the help even though they had roughly $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 $110 million by the summer.
Sitting on billions, Catholic dioceses amassed taxpayer aid during pandemic
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