Report: Catholic Groups Among America’s Richest Charities

0


[ad_1]

Several organizations with Catholic ties appear on the Philanthropy 400, a list compiled by The Chronicle of Philanthropy that tracks how much money nonprofits raise through private donations.

Three Catholic charities that support programs in the United States and around the world rank in the top 100 groups in terms of fundraising.

Catholic Charities United States, the umbrella organization for many Catholic charities across the country, fell from one spot on the list last year to fifth, raising around $ 2 billion in 2015. Donations are down about 4% from to the previous year, according to the report.

The organization has been in the top 15 since the founding of Philanthropy 400 in 1991. It peaked at third place in 1993 and placed in the top 10 from 2010 to this year.

The main international charitable organization of the American Catholic Church, Catholic Relief, came in at number 61. It raised nearly $ 391 million, an 8% jump from the previous year.

CRS recorded a 40% increase in donations between fiscal years 2013 and 2014, according to the Chronicle. A spokeswoman for the Baltimore-based agency said America that the increase was due to a number of international emergencies, including Super Typhoon Haiyan, for which it raised $ 50 million.

Based in New York Catholic medical mission board, which works to improve health care in developing countries, was ranked 93.

It raised around $ 276 million in 2015, down more than 25% from the previous year. More than half of its transport in 2015 came from donated goods, such as medicines, according to the report. According to the Chronicle, the association peaked in fundraising in 2013, when it grossed more than half a billion dollars.

The Chronicle of Philanthropy included donations of money, stocks, land and property in the tabulation of the list. Public markets were not counted. The researchers used IRS forms, public reports, and surveys to compile the list.

Many of the organizations that made the cut were colleges and universities, including a few Catholic institutions.

The University of Notre-Dame was 63rd, raising nearly $ 380 million last year, up almost 19% from the previous year.

Three other Catholic schools on the list were affiliated with the Jesuits. At number 159 was Georgetown University, which raised $ 172 million; Boston College was ranked 181, grossing $ 152 million; and Marquette University came in at 354, raising about $ 77 million. All three schools saw double-digit increases in their fundraising from last year.

A Catholic hospital network based in California, Dignity Health, arrived at number 258, raising around $ 112 million, and Father Flanagan’s Town of Boys in Omaha was number 249, raising $ 117 million.

Total US donations in 2015 exceeded $ 104 billion, a new record. And for the first time in the report’s history, a donor-advised fund took the top spot, bringing down the United Way, which raised the most money every year except 2006.

Donor-advised funds appeal to the wealthiest Americans who want more control over how their donations are used. They are growing in popularity, but not without controversy.

The Chronicle found that 85 of the nation’s largest donor-advised funds manage around $ 51 billion in assets and that payments to charities are slowing.

Critics argue that the money stays in accounts for years, making money for the banks, when it could be used for charitable purposes. They are largely immune to the regulations that charities face about how quickly gifts should be used for their intended purposes, critics say, and as a result, charities suffer.

Michael o’loughlin is the national correspondent of America and author of The Tweetable Pope: a spiritual revolution in 140 characters. Follow him on Twitter at @mikeoloughlin.


[ad_2]

Share.

Comments are closed.