The federal small-business loan program created in response to the coronavirus pandemic has allowed the Diocese of Nashville, Tennessee, to keep all of its part-time employees on board. For that, school superintendent Rebecca Hammel is grateful. She told Catholic News Service that
A new financial product through the Knights of Columbus' asset management and investment program is allowing individuals and institutions to invest funds according to Catholic values. The Catholic All Cap U.S. Index Fund is believed to be the first mutual fund comprised
Amid the coronavirus outbreak, pastors at parishes across the United States are facing the financial stress of having Masses canceled, which means regular collections have stopped. Without the Sunday collection basket, their parishes will soon not have enough money to pay the
One byproduct of canceled Masses is no offertory collection. And a byproduct of no offertory collection is puncture wounds in the budgets of parishes, dioceses and national collections. "It's a big hit, and it's gonna hurt," said Patrick Markey, executive director of
Vatican police seized documents and computers at the home and office of a former official at the Vatican Secretariat of State in their continuing investigation into financial mismanagement. In a statement published Feb. 18, the Vatican said the operation, which was authorized
Most of the time when health care is mentioned in this country, it comes with a healthy dose of controversy and negativity. But one community raised $78,000 to cover $8 million in medical debt, and the rest was wiped clean due to
The Diocese of Wheeling-Charleston, West Virginia, has selected a new external auditor as part of the progress that has been made since Pope Francis accepted the resignation of Bishop Michael J. Bransfield as head of the diocese in September 2018.
After a major newspaper published a story about alleged financial and sexual misconduct by a West Virginia bishop, a prelate overseeing the investigation for the Vatican expressed regret that he redacted his name out of documents detailing financial aspects of the scandal.
New nonprofit aims to assist and protect Catholic apostolates by offering tools for best practices.
WASHINGTON (CNS) — Amid worry that bad news about the Catholic Church and the clergy abuse scandal could impact Catholic giving, one financial expert just published a paper with a different story. Walter Dillingham, a Catholic, who is managing director of endowments