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Archdiocese of Philadelphia’s sexual abuse reparations fund starts with $25M to $30M

November 20, 2018
The area around the Cathedral Basilica of Saints Peter and Paul will be used as collateral for loans needed to pay clergy sex abuse claims.

By Staff

The Archdiocese of Philadelphia said Tuesday that its fund to compensate Catholic clergy sex abuse victims whose claims are too old for court will start with $25 million to $30 million and could start paying claims in 60 to 90 days.

“This is for initial funding only. We expect that the ultimate cost is going to be greater than our initial funding,” said Timothy O’Shaughnessy, chief financial officer for the archdiocese.

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http://www.philly.com/philly/business/archdiocese-of-philadelphias-clergy-sexual-abuse-reparations-fund-20181120.html

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