WILMINGTON (DE)
The Dialog
By Joseph Ryan
Dialog editor
Bishop Malooly has approved a three-year capital campaign called “Sustaining Hope for the Future” to address the current and future financial needs of the Diocese of Wilmington.
The campaign, to begin during the next few weeks, will focus on four areas — reinforcing the diocesan lay employees’ pension plan that is under a court directive to be funded with an additional $10 million by the end of 2017, securing priests’ retirement fund, strengthening diocesan ministries and sustaining current and future parish needs.
“I need to get the diocese back on an even keel and out of debt,” Bishop Malooly said Feb. 25 in announcing the campaign.
The major fundraising project was spurred by the diocesan bankruptcy settlement in February 2011 (finalized in September 2011) in which the diocese paid $77.4 million to settle 150 claims of survivors of sexual abuse by priests, as well as honoring claims of pensioners and other creditors.
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