Cedar Rapids couple donates $4.5 million to Catholic schools, churches

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Amazing. How generous and may they be abundantly blessed.

Mary.
 
This reminds me of Michael Jordan’s (yes, him) donations to keep a certain Chicago Catholic high school afloat several years ago. Eventually, however, the money dried up and no one else put up any money, including a recent GoFundMe plea. It looks like the high school will be closing pretty soon anyway. Don’t get me wrong, the donators should be credited but we need a more sustained effort on everyone’s part. IMO, 4.5 million people donating $1 each would probably go a longer way than one couple donating $4.5 million; that’s the way it usually works.
 
ProVobis said:
This reminds me of Michael Jordan’s (yes, him) donations to keep a certain Chicago Catholic high school afloat several years ago. Eventually, however, the money dried up and no one else put up any money, including a recent GoFundMe plea. It looks like the high school will be closing pretty soon anyway. Don’t get me wrong, the donators should be credited but we need a more sustained effort on everyone’s part. IMO, 4.5 million people donating $1 each would probably go a longer way than one couple donating $4.5 million; that’s the way it usually works.
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I once calculated that in the two small towns that my parish serves, if everyone who is Catholic gave just 2% of their gross income, our parish budget would triple. The problem is, we have many who don’t go to mass, a few more than give very little and a small number who give a lot.
 
stinkcat_14 said:
I once calculated that in the two small towns that my parish serves, if everyone who is Catholic gave just 2% of their gross income, our parish budget would triple. The problem is, we have many who don’t go to mass, a few more than give very little and a small number who give a lot.
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Someone made mention of the observation that retirees tend to contribute more. It isn’t hard to see donations drying up soon altogether, while people are screaming shortages of priests. What do they expect when they give nothing?
 
ProVobis said:
Someone made mention of the observation that retirees tend to contribute more. It isn’t hard to see donations drying up soon altogether, while people are screaming shortages of priests. What do they expect when they give nothing?
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I have often wondered how much influence the Fed’s policy of zero interest rates has had on our weekly collections. Seniors have really taken it on the chin because of that and I know that our weekly collections have struggled to stay constant since then.
 
stinkcat_14 said:
I have often wondered how much influence the Fed’s policy of zero interest rates has had on our weekly collections. Seniors have really taken it on the chin because of that and I know that our weekly collections have struggled to stay constant since then.
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Good point. The cash drain of even modest retirement accounts has been widely recognized and yet the Fed continues to feed the risk that many find unattractive and unsuitable for their portfolios. A slip of the markets now may mean no weekly collections.
 
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