Archdiocese to seek $200 million from parishoners to pay for scandal
Final decision on campaign rests with Archbishop Gomez.
The Archdiocese of Los Angeles is seeking ways to raise $200 million to help pay expenses related to the sex abuse scandal and cover up perpetrated by Cardinal Mahony and others in the hierarchy. Archbishop Gomez has contracted with a New York firm to study the feasibility of a fundraising campaign.
Those cases and their cover up resulted in a civil suit in which a judge leveled a $660 million verdict against the archdiocese. To pay the costs, the archdiocese has already sold numerous assets and tapped into financial reserves. Still, the archdiocese needs additional finds to satisfy the judgment.
The possible fundraiser will try to raise $175 million pay outstanding debt from the verdict. The archdiocese is still paying off loans that it took to pay the initial part of the settlement.
The funds generated by the new drive will be split between paying off the settlement as well as various projects which will provide general upkeep and repair of the churches and school facilities.
If the campaign moves forward, it will be the first such campaign since 1949. In 1949, a church fundraising campaign brought in $3.5 million.
© 2013, Distributed by NEWS CONSORTIUM.
Pope Francis Prayer Intentions for December 2013
General Intention: Victimized Children. That children who are victims of abandonment or violence may find the love and protection they need.
Missionary Intention: Prepare the Savior's Coming. That Christians, enlightened by the Word incarnate, may prepare humanity for the Savior's coming.
Rate This Article
Leave a Comment
More U.S. News
- St. Nicholas: Yes, Virginia, There is a Santa
- HHS Mandate News: Priests for Life to Have its Day in Court!
- How Many Loaves Do You Have? Living the Miracle of the Loaves Today
- If Detroit declares bankruptcy - what then?
- United States teens still lagging behind their global friends in education
- A Thanksgiving Day Reflection on the Goodness of America
- Thanksgiving: We Must Become Again a People of Thanksgiving, Love and Light
- Black Friday, immoral and oppressive? How about - a RIP-OFF as well?
- Obama decide cierre de embajada de EEUU en el Vaticano: Muestra 'antipatía' hacia católicos
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?