Currently the federal government funds a large portion of Catholic Charities funds.http://en.wikipedia.org/wiki/Catholic_CharitiesAbout $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
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Ma