In the wake of recent high-profile cases of financial mismanagement at parishes, experts said transparency, accountability and greater involvement of finance councils in parish business operations can head off losses in money — and in pastoral trust.
Fiscal Services
Brooklyn, N.Y., priest removed from parish for mishandling $1.9 million in funds
A Brooklyn, N.Y., priest has been removed as pastor after an investigation revealed he had transferred close to $2 million in parish funds to bank accounts affiliated with the embattled New York City mayor’s former chief of staff.
Crypto technology a moment for ‘hope,’ Catholic entrepreneur says
A Catholic author and entrepreneur is inviting the church to engage with new technologies poised to revolutionize not only finance, but society itself.
RADIO INTERVIEW: What Does God Say About Money?
Catholic Review Associate Publisher Christopher Gunty talks with the Jonathan and Amanda Teixeira about how they approach finance from a Catholic perspective and discusses their new book from OSV Books, “How to Attack Debt, Build Savings and Change the World Through Generosity.”
Independent group lauds Archdiocese of Baltimore’s financial transparency
Voice of the Faithful, an independent group of lay faithful, released its fourth annual survey of financial transparency by dioceses in the U.S., with the Archdiocese of Baltimore one of only five in the country to earn a perfect score of 100 in the 2020 review.
Archdiocesan Central Services posts $36,000 surplus in fiscal 2019
The Archdiocese of Baltimore saw an operating surplus in its Central Services of $36,813 in fiscal year 2019, as compared with an operating loss of $2.7 million in the prior fiscal year.
Archdiocese of Baltimore releases financial report for Fiscal Year 2015-2016
Coming on the heels of a fiscal year that saw a 3 percent increase in parish offertory giving and increased support for the Archbishop’s Annual Appeal, the Archdiocese of Baltimore’s total operating income increased by nearly $2.2 million.