403 USE OF LEASE PROCEEDS FROM PARISH SCHOOL BUILDINGS


Net proceeds will be distributed as follows, based on the parish’s average annual offertory for the last three years and whether the parish has outstanding debts and obligations, including but not limited for:

  • Insurance
  • Cathedraticum taxes
  • Previous unpaid Special Assessment of Parishes for the Support of Catholic Schools
  • Unfunded pension obligations
  • Outstanding loans from the parish or school from the IPLF or other loans from the Archdiocese.
  • Any other unpaid obligations of the parish or school.

Parishes or schools that have debts and obligations to the Archdiocese

Parishes with annual offertory of less than $100,000 per year (three year average).

Percentage Distributed to: Use
47.5% Parish Determined by Parish
2.5% School Fund School Fund
50% Archdiocese Repayment of Debts and Obligations

Parishes with annual offertory of less than $200,000 per year (three year average).

Percentage Distributed to: Use
45% Parish Determined by Parish
5% School Fund School Fund
50% Archdiocese Repayment of Debts and Obligations

Parishes with annual offertory of less than $300,000 per year (three year average).

Percentage Distributed to: Use
40% Parish Determined by Parish
10% School Fund School Fund
50% Archdiocese Repayment of Debts and Obligations

Parishes with annual offertory between $300,000 and $399,999 per year (three year average).

Percentage Distributed to: Use
30% Parish Determined by Parish
10% School Fund School Fund
60% Archdiocese Repayment of Debts and Obligations

Parishes with annual offertory $400,000 and over (three year average).

Percentage Distributed to: Use
10% Parish Determined by Parish
20% School Fund School Fund
70% Archdiocese Repayment of Debts and Obligations

Parishes or schools without debts and obligations to the Archdiocese

Parishes with annual offertory of less than $300,000 per year (three year average).

Percentage Distributed to: Use
80% Parish Determined by Parish
20% School Fund School Fund

Parishes with annual offertory between $300,000 and $399,999 per year (three year average).

Percentage Distributed to: Use
75% Parish Determined by Parish
25% School Fund School Fund

Parishes with annual offertory $400,000 and over (three year average).

Percentage Distributed to: Use
70% Parish Determined by Parish
30% School Fund School Fund