On Monday, the Archdiocese of New York announced plans to establish a $300 million fund to compensate victims of sexual abuse who have filed lawsuits against the church.
In a statement, Cardinal Timothy Dolan said the fund would be financed through budget cuts and the sale of assets, including the completion of the sale of the archdiocese’s former Manhattan headquarters. The goal, he said, is for the fund to be “set aside to provide compensation to survivors of sexual abuse.”
