Only 10% of Vatican’s $55 million ‘Peter’s Pence’ actually goes to poor, Wall Street Journal claims

LifeSite News ^ | December 11 | Dorothy Cummings McLean

[ebb tide]

In November, Pope Francis defended the use of Peter’s Pence in investment schemes, saying, “When the money from Peter’s Pence arrives, what do I do? I put it in a drawer? No. This is bad administration. I try to make an investment and when I need to give, when there is a need, throughout the year, the money is taken and that capital does not devalue, it stays the same or it increases a bit.”

Isn't Bergoglio here making use of that evil "capitalism" that he is constantly bashing?

[billorites]

"The Peter’s Pence collection is a gesture of solidarity."

Alternatively, a collection of sex toys.

[EC Washington]

10% sounds high - I figured about 1% or less actually gets the poor.

[yuleeyahoo]

Being a financial backer of money losing gay bio-pics is a violation of the laity’s trust

[ebb tide]

Ping

[Lurkinanloomin]

Anyone still giving money to the ImPopester is a fool.

[Retrofitted]

That’s the way I figure it. I’ll stick to supporting folks I know need help and my parish; I ain’t tippin’ Francis.

[butlerweave]

They must spend at least $55 million on Robes and stuff

[Mrs. Don-o]

No, they’re mostly recycled.

[oldasrocks]

10%? that worse than Red Cross who only pilfers 82% for management.

[butlerweave]

No, they’re mostly recycled.

so all the new green outfits for Global Warming are recycled ,LOL

[SkyPilot]

Only 10% of Vatican’s $55 million ‘Peter’s Pence’ actually goes to poor

Well, homosexual prostitutes and drugs are expensive, you know.

Vatican cops bust drug-fueled gay orgy at home of cardinal’s aide

Vatican cardinal was at drug-fueled homosexual party, and Pope knows it

[glorgau]

Pretty standard for a lot of the professional charities out there.

[faithhopecharity]

we know many folks who donate to their own parishes ..and to Saint Vincent de Paul Society to help the poor.. and to a few additional causes they know are good

and they refuse to offer anything to Peter’s Pence or the several additional requested assessments for the Church hierarchy

[irishjuggler]

I haven’t given a nickel to Peter’s Pence since Francis/Bergoglio got the gig in 2013. With that said, the real problem here is that they were hyping PP as for programs to help the poor and needy. I had always understood the Peter’s Pence collection to be for general operating expenses of the papacy, not as some kind of Catholic Charities donation. As such, I’m not shocked if 90% went to general Vatican expenses as that’s what I thought it was for. The problem here is that, likely as an effort to encourage donors who’ve had enough of all the scandals, they disingenuously pretended this was for charities that help the needy rather than to just run the Vatican.

[caww]

If I was raising kids I’d tell them to stay away from any man with a catholic white color!

[Jolla]

Stopped about 10 years ago when they started giving millions to the children the priest abused and abused and abused. Have not given one penny since.

[Larry Lucido]

I figure if you give money to a foundation, most of it gets spent on women and booze. But if you give money directly to the poor, you cut out the middle man and the poor can buy their own women and booze.

[Lurkinanloomin]

I quit the church over 30 years ago when they rotated a known pedophile priest into our parish.

[Larry Lucido]

At the Human Fund, we give the homeless the whole muffin! Not just the stumps!

(Quantities limited.)