The Motley Fool Discussion Boards

Previous Page

Religion & Culture / Christian Fools

URL:  http://boards.fool.com/catholic-charities-etc-30304783.aspx

Subject:  Catholic Charities, etc. Date:  10/6/2012  10:43 PM
Author:  Jeanwa Number:  183308 of 195645

Currently the federal government funds a large portion of Catholic Charities funds.

http://en.wikipedia.org/wiki/Catholic_Charities

About $2 billion of its budget comes from the Faith-Based Initiatives Office of the federal government.

Catholic Charities received a total of nearly $2.9 billion from the US government in 2010. In comparison, its annual revenue was $4.67 billion. Only about $140 million came from donations from diocesan churches, the remainder coming from in-kind contributions, investments, program fees, and community donations.

I knew a huge portion of the charity funding came from the federal government. It is extremely difficult to find out how much.

With Romney's comment about PBS I did some digging.

I wonder if he is for or against the faith based charity funding? Catholic Charities gets way more than PBS.

I found it interesting that some of the Catholic Charities are giving up the government funding. I wonder how many will. 2.9 Billion is a lot of money.

http://www.lifesitenews.com/news/catholic-charity-rejects-go...

A Catholic charitable organization has rejected government funding so it can uphold traditional Christian teachings and serve the poor with less bureaucratic red tape.


I wonder how much of it is 'around the corner funding". For example, when I worked for the foodbank we received part of our food form Second harvest. They received money from the federal government.

I don't think people realize how intertwined our government and private sectors are.

Jean
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us