PHILADELPHIA (PA)
Philadelphia Inquirer
HAROLD BRUBAKER, INQUIRER STAFF WRITER
LAST UPDATED: Friday, April 11, 2014
The Archdiocese of Philadelphia provided a sobering update on the Heritage of Faith – Vision of Hope fund-raising campaign, which ended its pledging period in early 2011.
The amount of write-offs and pledges considered unlikely to be collected was $52.2 million, as of June 30, 2013, the archdiocese said Friday.
The archdiocese also clarified that the $221.5 million in pledges previously reported by archdiocesan officials included $36.5 million for parish-level campaigns that ran simultaneously, but were not included in the original $200 million goal for the campaign.
“It is important to note that the goal of $200 million did not contemplate the existence of the combined campaigns,” the archdiocese said in a statement accompanying the Heritage of Faith audited financial statement for the year ended June 30, 2013.
That means pledges to the archdiocesan campaign actually fell short of the official goal by $15 million, or 7.5 percent, reaching $185 million.
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