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Vatican Uses Donations for the Poor to Plug Its Budget Deficit: Only 10% of donations to the Peter’s Pence collection go directly to charitable works
Wall Street Journal ^ | December 11, 2019 | Francis X. Rocca

Posted on 12/11/2019 8:41:34 AM PST by C19fan

Every year, Catholics around the world donate tens of millions of dollars to the pope. Bishops exhort the faithful to support the weak and suffering through the pope’s main charitable appeal, called Peter’s Pence.

What the church doesn’t advertise is that most of that collection, worth more than more than €50 million ($55 million) annually, goes toward plugging the hole in the Vatican’s own administrative budget, while as little as 10% is spent on charitable works, according to people familiar with the funds.

The little-publicized breakdown of how the Holy See spends Peter’s Pence, known only among senior Vatican officials, is raising concern among some Catholic Church leaders that the faithful are being misled about the use of their donations, which could further hurt the credibility of the Vatican’s financial management under Pope Francis.

The Vatican is currently embroiled in a scandal over opaque real-estate investments in London, which has triggered a power struggle within the Vatican’s bureaucracy and led to the dismissal of its chief financial regulator. Last month, the Vatican was suspended from an international network of anti-money-laundering watchdogs.

(Excerpt) Read more at wsj.com ...


TOPICS: Crime/Corruption; Culture/Society
KEYWORDS: catholic; catholicism; catholics; corruption; forgetpoorpeople; money; realestate
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Pope Francis and his ilk sure love to tell other countries how to run their affairs when they have not come close to putting their own house in order; this is from a Catholic.
1 posted on 12/11/2019 8:41:34 AM PST by C19fan
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To: C19fan

Folks... with charitable money, spend it only on friends and family.

That is my rule. Virtually all charity is corrupt.


2 posted on 12/11/2019 8:44:01 AM PST by Professional
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Pope SatanFelcher must have attended the Clinton School of Charitable Grifting


3 posted on 12/11/2019 8:45:07 AM PST by dsrtsage (Complexity is merely simplicity lacking imagination)
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To: C19fan

A question, please. Does the Vatican get a cut of every donation to a Catholic charity? For example, if I donate to the St. Vincent de Paul Society, does the Vatican automatically get a piece of my donation?


4 posted on 12/11/2019 8:47:23 AM PST by Leaning Right ( I have already previewed or do not wish to preview this composition.)
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To: C19fan

The pope is a money grubbing whore. Who knew?


5 posted on 12/11/2019 8:48:40 AM PST by Lurkina.n.Learnin (If you want a definition of "bullying" just watch the Democrats in the Senate)
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To: Professional

Indeed, a few years ago our church had announced it time for the Peter’s Pence collection drive. The next week there were 2 stories on the church paying out millions for sex abuse. I have not given one thin dime since. Did help out some friends in need and a local non profit for doctors doing free clinic work.


6 posted on 12/11/2019 8:51:01 AM PST by Jolla
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To: C19fan

/src on/Pope Francis I would love to give more to Peter’s Pence but I do not have much left after I pay the gov’t to provide welfare and like to migrants./src off/


7 posted on 12/11/2019 8:51:36 AM PST by C19fan
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To: C19fan

As a Catholic I quit giving them ANY money once the latest outbreak of priestly pedophilia cases hit the fan. I knew my money would be going to pay for high-priced defense attorneys and spinmeister PR firms.


8 posted on 12/11/2019 8:53:18 AM PST by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: C19fan

This is the real story in the Catholic Church.
They are running out of $$$$.

This was Obama’s agreement with the Pope.
“Push my agenda and I will help block the law suits for pedophile abuse and open the borders for more immigrants for your failing churches”


9 posted on 12/11/2019 8:53:55 AM PST by Zathras
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To: C19fan

The Vatican has some serious PR issues right now, and warranted for good reasons.


10 posted on 12/11/2019 8:55:18 AM PST by BBQToadRibs
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To: Zathras
This was Obama’s agreement with the Pope. “Push my agenda and I will help block the law suits for pedophile abuse and open the borders for more immigrants for your failing churches”

That is hard to deny because from both of their viewpoints it is so utterly rational.


11 posted on 12/11/2019 8:55:33 AM PST by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: C19fan

What a shock! Not!


12 posted on 12/11/2019 9:01:52 AM PST by richardtavor
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To: C19fan

I’m thinking this whole operation has gone out of favor with the Lord. But what do I know? I’ve never even been to confessional.


13 posted on 12/11/2019 9:03:24 AM PST by Bullish (My tagline ran off with another man)
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To: C19fan

Peter’s Pence has ALWAYS been described at any mass I’ve ever been at to fund the administration of the Vatican.


14 posted on 12/11/2019 9:06:33 AM PST by dangus
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To: Leaning Right

In regard specifically to SVDP in my experience almost 100% given to your local chapter stays in the community.


15 posted on 12/11/2019 9:12:04 AM PST by TFG
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To: Leaning Right

A couple (non-official) Catholic 501c organizations I can personally vouch for:

https://virtuemedia.org/
https://www.catholicscomehome.org/


16 posted on 12/11/2019 9:18:00 AM PST by Jeff Chandler (BLACK LIVES MAGA)
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To: Jolla

We cut out all charities and decided to give to a lady in the nursing home who didn’t have anyone. Before we got out of her room, the attendants were stealing the stuff.

Never again.


17 posted on 12/11/2019 9:18:51 AM PST by bgill
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To: C19fan

I believe in secular terms this is called THEFT. Shame on them.


18 posted on 12/11/2019 9:20:38 AM PST by lastchance (Credo.)
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To: C19fan

PS. I wonder if this is the kind of crap the Holy See did not want Cardinal Pell to expose.


19 posted on 12/11/2019 9:21:31 AM PST by lastchance (Credo.)
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To: C19fan

What is Pope Che’s cut?


20 posted on 12/11/2019 9:22:08 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
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