In April 2020, Catholic Charities of Louisville received a forgivable loan from the Small Business Association’s Payroll Protection Program (PPP). Per the provisions of the PPP, the loan amount – $818,482 – was calculated as 2.5 times the agency’s average monthly payroll in 2019 ($329,817).
As shown by the Annual Report
, Catholic Charities of Louisville has three primary sources of funds for its programs and services: governmental grants; private donations from individuals, corporations, foundations, and the Archdiocese; and fee income generated by its social enterprise programs Language Services, Immigration Legal Services, and Common Table. Amid great uncertainty around donor support due to COVID-19, the social enterprise programs experienced a substantial drop in demand and associated revenue.
Catholic Charities of Louisville had 88 employees in March 2020. All positions were maintained through the COVID-19 shutdown. The PPP loan funds have provided Catholic Charities of Louisville with a much-needed cushion of support during this tumultuous time, sustaining both full employment of our staff and the vital community services that we provide. To learn more about how Catholic Charities has responded to needs across the 24 counties of the Archdiocese of Louisville during the pandemic, please click here
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Our mission at Catholic Charities of Louisville is to welcome, empower, and strengthen individuals and families in need. We are grateful for every support, including the PPP, that equips us to fulfill that mission.