Worldly Goods

Fülszöveg

JAMES (fOLi.P knows from the inside the games great institutions play with money. To his report on the finances of the Catholic Church, he brings fifteen years of experience in insurance, corporate financing, fund-raising and business journalism. His first book, Pay Now, Die Later, published by Random House in 1966, was a challenging study of the American life insurance industry. Even before it appeared, Mr. Collin had eml)arked on the five years of travel, interviewing and research which gave him the background for Worldly Goods.
A native of St. I.ouis, Missouri, Mr. Gollin grew up in Scarsdale, New York, and has an A.B. and M.A. in English from Yale University. The author, his wife and their two sons live in Manhattan.
How rich is the Catholic Church?
Who manages its money and property?
How centralized is the administration of its wealth ?
Who actually does support the Church in the United States ?
How, and on what, does the Church in America spend its considerable... Tovább

Fülszöveg

JAMES (fOLi.P knows from the inside the games great institutions play with money. To his report on the finances of the Catholic Church, he brings fifteen years of experience in insurance, corporate financing, fund-raising and business journalism. His first book, Pay Now, Die Later, published by Random House in 1966, was a challenging study of the American life insurance industry. Even before it appeared, Mr. Collin had eml)arked on the five years of travel, interviewing and research which gave him the background for Worldly Goods.
A native of St. I.ouis, Missouri, Mr. Gollin grew up in Scarsdale, New York, and has an A.B. and M.A. in English from Yale University. The author, his wife and their two sons live in Manhattan.
How rich is the Catholic Church?
Who manages its money and property?
How centralized is the administration of its wealth ?
Who actually does support the Church in the United States ?
How, and on what, does the Church in America spend its considerable resources ?
These are some of the major questions that James Gollin answers in his timely, documented survey of the finances and organization of the Roman Catholic Church, the world's wealthiest religious organization, and an institution notoriously close-mouthed about its finances and assets.
This is the first authoritative investigation into the Church's assets and liabilities. James Gollin spent five years researching in the United States and in Rome. He has interviewed high Church officials, and questioned the bankers, brokers, insurance men, real estate operators and others who do business with the Catholic hierarchy and their representatives. In addition, Mr. Gollin gained access to confidential reports and private documents that spell out the details of money-management in the Church.
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Factual, thorough and highly engrossing, James Gollin's Worldly Goods will explain to you how—and how much—the Pope gets paid; how bishops can act as bankers; how nuns and brothers with vows of poverty can control millions of dollars; how the Church organization deals with the many and varied enterprises it supports and runs; the truth about Jesuit wealth; the historical economic policies of the Vatican.
Worldly Goods discusses how important is the economy of the Catholic Church— from local parish to the Vatican—to America. It also describes what percentage of the total wealth of the Church is generated in the United States, and what is the future of the Church's extensive private and parochial school system in the United States.
Mr. Gollin has pieced together, from hundreds of sources, an astonishing picture of an institution (worth roughly $34.2 bil- /
lion in the United States, twice that worldwide) which is decentralized, unevenly managed and uncertain as to its priorities.
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