Four Catholic parishes in the Diocese of Davenport will contribute to the $37 million settlement of sex abuse claims against priests or other parish employees.The diocese is not disclosing which parishes will be contributing nor how much each will pay up, preferring to wait until parishioners can be notified.
In November, the diocese reached a settlement to pay out $37 million to those who had filed sex abuse claims against it. Of the $37 million, $19.5 million is committed from Travelers Insurance Company and $17.5 million from the Diocese of Davenport. Of the $17.5 million from the Diocese, $3.9 million will come from the transfer of the deed to the St. Vincent Center property as valued by the Creditor’s Committee.
The diocese’s share of the remaining $13.6 million is to be paid in cash.
To date, $5.9 million of the $13.6 million has been committed from the St. Vincent Home Corporation and four parishes which will be named after they have had time to inform their parishioners.
The four parishes had the most serious claims against them.
The diocese is considering the various options, including borrowing money, to raise the balance of the funds needed to meet the settlement.
The diocese’s creditors will have to approve the settlement plan, as will Lee Jackwig, chief judge of the U.S. Bankruptcy Court in Iowa’s southern district.
Jackwig has scheduled a hearing for March 5, and if he approves the plan, it goes to the creditors.
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