Catholic Fraternal to Provide Emergency Financing for U.S. Dioceses

March 31, 2020 by Allison Bell

A Catholic fraternal benefit society is trying to use its financial muscle to help pull U.S. Catholic dioceses through the economic turmoil caused by the COVID-19 pandemic.

The Knights of Columbus announced earlier this week that it has established a $100 million short-term financing fund for the dioceses.

The New Haven, Connecticut-based organization said it will provide a secured line of credit for up to $1 million per Catholic diocese.

The program will start Monday and be open for 60 days, the Knights of Columbus said.

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Originally Posted at ThinkAdvisor on March 28, 2020 by Allison Bell.