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September 26, 2014

Church Hands Property Proceeds to Congregants to Give Away

A Chicago church is turning over a portion of the proceeds from a $1.6-million real-estate deal to its parishioners in the form of $500 checks, with the stipulation that the recipients use the money to do good works, Reuters writes.

LaSalle Street Church, on the city's north side, reaped the windfall from the June sale of a multi-income housing development that it and other churches built in the 1970s in what is now a pricey neighborhood. LaSalle Street leaders decided to give a 10th of the money to 320 members and regular congregants, asking that they spend the money on "what they feel they've been called to do," Senior Pastor Laura Truax said. The church as a whole will determine what to do with the remaining funds.