Coronavirus: Sitting on billions, U.S. Catholic dioceses amassed millions in taxpayer COVID-19 aid
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 US$8 million. The diocese's headquarters, churches and schools landed the help even though they had roughly US$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 US$110 million by the summer. "I am gratified to report the overall goo...