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	Archdiocese Spent $10M on Abuse in 2008 Boston Business Journal April 30, 2009 http://boston.bizjournals.com/boston/stories/2009/04/27/daily44.html Parishes in the Archdiocese of Boston colleged $117,972,000 during the fiscal year that ended June 30, 2008, according to a church report out Thursday. The archdiocese had assets of $747,255,000 at the end of the 2008 fiscal year. The report also states that during the year, the archdiocese spent about $10 million dealing with the continuing repercussions of the clergy sexual abuse crisis. Of that, $5.5 million went to fund settlements with 55 victims. To pay for the settlements and related costs, the archdiocese used $6 million from selling administrative properties, $484,000 from a self-insurance fund and $1.6 million from insurance companies. Also during 2008, the archdiocese spent $1.35 million funding therapty for 308 people who presented themselves survivors of clergy sexual abuse. “This annual report shows us that the Archdiocese’s overall financial status has improved over the last year, continuing the trend of recent years. It also demonstrates that we face a number of challenges,” Cardial Sean O’Malley said in a prepared statement. In other line items, the report states that: • The vendor to receive the most in payments from the archdiocese was Suffolk Construction, which was paid $4 million for work. • The highest paid archdiocesan employee was Secretary for Education Mary Grassa O’Neill, who received $325,000. Second was General Counsel F. Beirne Lovely Jr., who received $300,000. The chancellor and head of fundraising received $250,000 each. • O’Malley’s pay of $33,800 went to his Capuchin order. Chancellor James P. McDonough wrote in a statement acompanying the financial report that the “largest liability and most significiant financial concern” is a $114 million funding gap in the clegy pension plan.
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