Investigation Reveals Financial Woes in the Catholic Archdiocese of Chicago

The skyline of Chicago along Lake Michigan. Photo by Yinan Chen/Creative Commons

In 2013, the Roman Catholic Archdiocese of Chicago held the single largest giving campaign in its history, bringing in pledges totaling $427 million.

Of that, $150 million was supposed to be set aside by the archdiocese to fund its schools through the Catholic Education Scholarship Trust.

But six years later, the archdiocese holds just one-third of the money pledged in the “To Teach Who Christ Is” campaign to save its struggling schools, according to a Chicago Tribune investigation.

And schools and parishes continue to close across the archdiocese.

The Tribune investigation — which included interviews with church officials, as well as reviews of internal financial reports provided by those officials and the education trust’s state tax filings — pointed to a number of factors contributing to the archdiocese’s financial woes.

For one, half of that money earmarked for schools was pledged in the wills of donors who remain very much alive, the archdiocese told the newspaper.

And then, Tribune investigative reporter David Heinzmann told NPR’s Morning Edition, “There is a bit of a mystery here.”

People within the church have raised questions about how the archdiocese runs its accounting balance sheets, Heinzmann said. There’s a limit to what religious institutions have to disclose publicly, he said, compared to other nonprofit organizations.

In a written statement to Religion News Service, the Archdiocese of Chicago said it had hoped to raise $350 million through the “To Teach Who Christ Is” campaign — $100 million in major gifts and $250 million from parishes.

Goals for the campaign included $150 million for the trust, along with $150 million for parishes, $30 million for critical facility issues, $10 million for religious education and catechist training, $8 million for academic excellence and $2 million for innovation in religious education, according to the statement.

“The current funding of the various programs is a direct outcome of the manner in which gifts have been actually pledged and actually collected,” it said.

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Source: Religion News Service