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From the Chicago Sun Times . . . .
chicago.suntimes.com
Chicago Archdiocese is quietly using cemetery cash to pay priest sex abuse costs
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Cardinal Blase Cupich | Ashlee Rezin/Sun-Times file photo
By Robert Herguth
@RobertHerguth | email
For years, the Catholic Church in Chicago has said it enlists two revenue sources to pay for settlements and other costs related to priest sex abuse cases: loans and the sale of property.
But a Chicago Sun-Times examination found the church has been using money from its cemetery system to help pay down nagging debt related to sex misconduct — which at last count was more than $200 million — without telling the public.
A source with knowledge of the operations of the Archdiocese of Chicago, the arm of the church for Cook and Lake counties overseen by Cardinal Blase Cupich, said about $8 million a year has been shifted from the cemetery system to pay down that debt.
. . . church spokeswoman Paula Waters said in a statement:
“Investment earnings on cemeteries assets are used to help fund annual debt payments. . . .
Waters wouldn’t answer questions about the church’s debt and whether the church has been less than straightforward by failing to disclose this revenue stream until now. . . .
. . . In February, the Sun-Times reported that the archdiocese owes more than $200 million, mostly related to sex abuse claims, and could face another $100 million or more in costs for pending and future sexual misconduct claims.
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The entrance to Queen of Heaven Catholic Cemetery & Mausoleums in Hillside | Ashlee Rezin/Sun-Times
. . . . At the time, the church was in the process of selling the surface parking lot at Holy Name Cathedral in the North Loop that was going to be the site of two high-rises. The archdiocese was expected to reap $100 million or more, most or all of it going to pay down sex abuse debt, the Sun-Times reported. . . .
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Chicago Archdiocese is quietly using cemetery cash to pay priest sex abuse costs
About $8 million a year has been shifted from the cemetery system to pay down that debt, according to a source familiar with church operations.
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