How Rich is the Catholic Church? (attorneys, dollar, school, compared)

[JordanJP]

I'd imagine it's up past a trillion.

Real estate, holdings, bonds, stocks, and artifacts, buildings, masterworks of art, and everything in between. There's also no way to tell how MUCH of each the Vatican has, besides paper numbers. I'm sure it would take that army of accountants YEARS to dig up all the stuff.

Yup, somewhere between a trillion and priceless. Some things you simply CANNOT put a price on.

[Dewmik]

Originally Posted by JordanJP

I'd imagine it's up past a trillion.


Yup, somewhere between a trillion and priceless. Some things you simply CANNOT put a price on.

and for everything else there's Visa.





Sorry had to do it

[janelle144]

Well when I give to charity I know I can trust Catholic Charities to get the money to the place it should go. I don't trust the government at all with my charity money. Our parish bulletin shows me each week how much they have and where it is being spent.

I think most people trust their own neighborhood church, whatever church it is, with their charity money.

[stevej64]

how rich would you be if every dime you made was tax free?

[janelle144]

I would sure be richer if I did not give to charity but that would also be wrong.

[Dewmik]

Originally Posted by stevej64

how rich would you be if every dime you made was tax free?

You couldn't make a dime. They cost money. No taxes no dimes.
I have a related question how much money could you save if like janelle said about her church were true for our Representatives in Washington.
Our Government bulletin shows me each week how much they have and where it is being spent.

[ovcatto]

Originally Posted by janelle144

Well when I give to charity I know I can trust Catholic Charities to get the money to the place it should go.

By in large you probably can, but that is not a guarantee:

A federal grand jury today indicted a former Catholic Charities caseworker who allegedly funneled homeless housing aid to people who didn't qualify and then took a cut of the money.

- NOLA.com

On Tuesday, an Italian Judge froze $30 million from the Vatican Bank because the bank failed to provide adequate information related to the transaction.

Vatican Bank faces money laundering charges - Philadelphia atheism | Examiner.com

Many a parishioner has woken up in the morning to find the pastor has embezzled the Church, be they Protestant, or Catholic.

[janelle144]

Heck, you will always have thieves in every organization where big money is involved. Keep it at the local level so it can be managed is the answer.

Those crooks were caught.

[ndfmnlf]

Originally Posted by Dewmik

I am confident in the Assets being 473420b lire but I question the spending.

Thanks. That's about $325 billion if I'm not mistaken. Stick that in a Treasury note earning 3% annually, and that's $9.75 billion.

[janelle144]

I don't know how much the church has in investments but I do know a lot of it goes to the poor and homeless.