Posted on 07/11/2023 5:59:14 PM PDT by marshmallow
The papal charity of Peter's Pence has been beset with scandal for years, due to mismanagement of donations.
VATICAN CITY (LifeSiteNews) –– The Vatican’s annual Peter’s Pence figures reveal U.S. donations have fallen to new lows, and though this is temporarily obscured due to a doubling of income from real estate sales, still just fifteen percent of the papal fund is given to charitable projects of “direct assistance.”
The Peter’s Pence collection, according to the Vatican itself, “is the name given to the financial support offered by the faithful to the Holy Father as a sign of their sharing in the concern of the Successor of Peter for the many different needs of the Universal Church and for the relief of those most in need.”
While the description might lead to a supposition that the majority of the Peter’s Pence donation is going to direct charitable projects, the figures do not appear to support this. The report for 2022 was released June 30, and details the total income and expenditures of the Peter’s Pence, otherwise known the Obolo di San Pietro.
Continued decline in donations received
The total income for 2022 was €107 million – a figure nearly double that of previous years – with the total expenditure being €95.5 million.
The Vatican explained the large “significant capital gain” during 2022 as being due “to the sale of real estate assets assigned to Peter’s Pence Fund.” This sale was to the tune of €63.5 million, meaning that only €43.5 million was received from donations in the normal manner – which is less than 2021’s €46.9 million received.
Such a figure represents a continued decline in the Peter’s Pence income which has been notable during Pope Francis’ pontificate.
While the U.S. donations alone were $67 million and $69 million........
(Excerpt) Read more at lifesitenews.com ...
Most of my fellow parishioners seem to think this is nothing more than a vatican slush fund. That’s what I think too. I give to a number of worthwhile and cost-efficient charities out there. I don’t feel any obligation to give money to a false front cause.
Ditto
I refuse to donate ANYTHING to a communist Pope.
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