Religion News Service
David Gibson | January 30, 2015
(RNS) Billionaire brothers Charles and David Koch recently made headlines by pledging nearly $900 million to help elect candidates who support their libertarian strain of economic conservatism, but the industrialists are also nearly doubling their investment in the business school of Catholic University of America, which is overseen by the U.S. bishops.
That’s despite the fact that many Catholics — including Pope Francis — say the kind of unregulated capitalism that the Kochs promote runs counter to church teaching.
The $1.75 million dollar grant from the Charles Koch Foundation, one of several nonprofits with ties to the industrialist brothers, is part of a $3 million pledge to CUA announced in January that includes $500,000 from the Busch Family Foundation and $250,000 each from three business leaders.
The donation to the Washington-based university comes just over a year after the Koch Foundation gave an initial $1 million grant that allowed CUA to launch its own School of Business and Economics. The school is run by Andrew Abela, a disciple of libertarian economics, and it is dedicated to promoting what it calls “principled entrepreneurship.”
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