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IPFS News Link • Welfare: Corporate

Joel Osteen's Church Received $4.4 Million In PPP Stimulus Payments

• https://www.zerohedge.com, Tyler Durden

Churches were also eligible for the money, and some of the most prestigious churches in the country took advantage of the opportunity.

Joel Osteen's Lakewood Church was not on the initial list of recipients and claimed that they did not apply to receive any money. However, the church later applied and was granted $4.4 million, according to the Houston Chronicle.

Osteen himself is estimated to have a net worth of over $50 million, with his church taking in $43 million a year in collections.

Churches don't even pay taxes, which many people feel should disqualify them from the program.

Meanwhile, many small business owners who attempted to get funding through the federal Paycheck Protection Program found that the money had dried up within a week of the program's launch. It turned out that large publicly traded corporations were the first to gain access to the loans because they had teams of lawyers on standby who already had a working relationship with the government.


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