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

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It was interesting reading the comments on the LifeSite article. Many of them sounded like they came from an anti-Catholic site.
 
I do think it is time for Catholics to seriously question and demand answers for where their money goes. On a parish level and on a diocesan level and on an international level. The news recently involving scandals and financial scandals have left many wondering where the accounting is. Me included.
 
Yes, that is common for them. They are not fond of the Pope and take every opportunity to disparage him and, it seems, anything connected with him.

I will continue to give to Peter’s pence.
 
I’ve never given to Peter’s Pence, but after reading this article I plan to give to Peter’s Pence. It’s worthwhile on some level to support the Vatican, its buildings and staff.

Like others have said this seems to be a misunderstanding rather than any effort to deceive.
 
I have never thought that Peters Pence was for much else besides supporting the Vatican, and I have never looked at the promotional materials. Those materials, 8nclud8ng website are probably put together by professional marketing folks who stress the charitable aspects because that’s what they are trained to do. Probably overseen by a fairly low level curial official. So I see how it happened.
It is definitely misleading, but I don’t think many people who contribute ever look at it any way.

I will keep giving to Peters Pence, since if the WSJ article is accurate, my money is going to exactly what I had assumed it was going to.

A black eye for the Vatican, certainly an unforced error that is not needed at this time.
 
jack63 . . . .
I plan to give to Peter’s Pence.
I think that’s great jack.

The link I put above, includes a link where you can put your credit card information and
you can begin donating right tonight.

But other people would like to see more transparency.

Other people would like to see PP advertized as something to the effect of . . . .
“Financially helping the
International Catholic Shrines,
helping poor,
and up to 90 percent (or whatever)
may be used to
supplant our budget shortfalls
so this money may
NOT go to the poor or the International Catholic Shrines in many instances.
We may just take it ourselves depending on the situation.”
Some of these other people would like a higher degree of financial transparency than you.

Especially given there have been significant financial scandals within the Vatican’s banking system.

But I am all for you clicking in your credit card for them right now.

As a matter of fact here it is again for you . . . .

Go to . . .


And just click the “Donate Now” link.

Thank you for your support jack63.
 
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Feanor2 . . .
I will continue to give to Peter’s pence.
And thank you too for the financial support of our Church in this way Feanor2.
 
tomo_pomo . . .
“Peter’s Pence 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.”

So what is the problem??
Why make this out to be a “problem”?

I don’t know that there is a problem.

But it MIGHT be a problem for somebody who wants to help a starving person,
and later find out that money that they gave to help that starving person,
was diverted away from a starving person
to fill a financial void of say,
a hospital, that has been known to practice financially shaky dealings.
or to purchase a fancy car,
or to fund extravagant liquor bills,
or “oil” a department that has been misusing funds.
Or some other such thing.

In that case THOSE people, might want to choose a different route to help feed the poor.

They may not too. But they may.

Either way is fine.

But the “problem” is SOME people just want an open and honest projection of
WHERE their money is going to be used before they give to a certain fund.

That is not an unreasonable request.

Others don’t care
or they may think
“whatever THEY decide”
is good enough for THEIR financial stewardship of their donations.

But I don’t think this re-directing money per se,
equates to a “problem” necessarily (it may but it may not).
 
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I have never felt that giving to Peters Pence was to be part of my alms giving. It is giving to the Holy Father to use as he sees fit. If I want to give to the poor and needy, there are many good charities for that.

The problem is certainly the false advertising, but it is advertising that few people ever look at. The yearly second collection comes around, and most people think they are supporting the Holy See. Transparency isn’t that important.
 
tafan2 . . . .
I have never felt that giving to Peters Pence was to be part of
my alms giving.
It is giving to the Holy Father to use as he sees fit.
If I want to give to the poor and needy, there are many good charities for that.
Bold mine.

And that is fine for you.

But it may not be fine for the other person
who thinks by his donations
he is helping keep The Church of the Holy Sepulchre in Jerusalem open.

And if they would have just been open and up front in the first place about siphoning off some of the money (especially taking a large portion) away from the poor or The Church of the Holy Sepulchre, or whatever, they could have just chosen other avenues for THEIR donations.

Other people may feel different than you, and they are not being unreasonable in wanting to know where that money is going.
 
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I gave to Peter’s Pence this year simply because the Holy Father asks us too. No, it’s not a command, but it is virtuous to support the Holy Father- period. What happens with the money after that is on him, not me. We will be rewarded for our piety.
 
twf . . . .
I gave to Peter’s Pence this year simply because the Holy Father asks us too.
That’s great for you.

But the Holy Father asks us to help feed the poor and other people might give to feed the poor via OTHER ways the Holy Father asks too.

Good for you twf.

But the other people are likewise fulfilling these requests too. In other ways.

They are the stewards of God’s benefit, and they have to channel THEIR donations the way they feel BEST fulfills God’s desires with their prayerful discernment.

Peter’s Pence certainly may fit the bill. Especially for you.

Others see differing channels as appropriate.

Others maybe both (PP AND some other program or programs or PERSONAL involvement).

But whatever they see, it is REASONABLE to want to know HOW those monies are going to be used.

That is the point here. Transparency in financial dealings.
 
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Well Peter’s Pence was certainly not the majority of my donations for this year. But I still saw it as an act of obedience.
 

Vatican Uses Donations for the Poor to Plug Its Budget Deficit​

Francis X. Rocca 4 days ago

VATICAN CITY—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 annually, goes toward plugging the hole in the Vatican’s own administrative budget, while as little as 10% is spent directly 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 . . .

. . . 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
. . . . .

. . . The Vatican didn’t respond to a request for comment on the use of the funds. . . .

. . . But for at least the past five years, only about 10% of the money collected—more than €50 million was raised in 2018—has gone directly to the sort of charitable causes featured in advertising . . .

. . . The Peter’s Pence fund, which is managed by the Secretariat of State, the Holy See’s executive, has been under increased scrutiny since October, when Vatican police raided the Secretariat’s offices and those of the Vatican’s financial watchdog as part of an investigation into a large investment in a building in London’s upmarket Chelsea district. Vatican officials believe at least some of the money for the controversial investment came from Peter’s Pence.

In November, Pope Francis said that he had authorized the raids because of apparent corruption . . .

. . . The total assets of Peter’s Pence now total about €600 million, down from about €700 million early in the current pontificate, largely on account of unsuccessful investments . . .
Bold mine.

https://www.msn.com/en-us/news/worl...he-poor-to-plug-its-budget-deficit/ar-AAK1fzd
 
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And I think that is fine for what YOU see as YOUR acts of obedience twf.

You are the steward of the money God gives you. This is your call and if you think this is the best way to answer that call with prayerful and careful discernment, more power to you.

Somebody is going to
see a starving woman and her child and
give her a dollar for food
knowing that with HOW he gives it,
this woman and her baby are going to get
90 cents for the food
by the time it goes through the channels.

Somebody else is going to see a
starving woman and her child
and give her fifty cents for food
knowing that with HOW he gives it,
this woman and her baby are going to get
40 cents for the food
by the time it goes through the channels.

Others are going to see
a starving woman and her child
and give her a dollar for food
via Peter’s Pence knowing that
this woman and her baby are going to get
10 cents for the food
by the time it goes through these channels.

Each person must prayerfully discern the BEST ways in their situations to help.

And many people want transparency so they can discern WHERE best they can help.
 
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tomo_pomo . . .
Peters pence is for Church. 90% goes to the Church.
No it doesn’t.

Didn’t you read about the bad real estate deal in London?

We don’t know how much was lost because nobody will be transparent.

There is at least apparent corruption that even the Holy Father has acknowledged. I think we should give him the benefit of a doubt and assume he is correct.
. . . Vatican police raided the Secretariat’s offices and those of the Vatican’s financial watchdog as part of an investigation into a large investment in a building in London’s upmarket Chelsea district. Vatican officials believe at least some of the money for the controversial investment came from Peter’s Pence.

In November, Pope Francis said that he had authorized the raids because of apparent corruption . . . .
 
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It was interesting reading the comments on the LifeSite article. Many of them sounded like they came from an anti-Catholic site.
That’s Lifesite at its worst. People who roll out of bed in the morning and immediately think, “Let’s see, what can we criticize about Pope Francis today?”
You can bet that if Pope Benedict or his equivalent were in there, it would be a whole different ball game.
 
And many people want transparency so they can discern WHERE best they can help.
No doubt. And as said above, there is a definite misleading in the advertising. But the WSJ was able to determine the percentages, so the Vatican must not have been hiding the actual money spent. Its not like its the US government and reporters can file a request based on the Freedom of Information Act. So the transparency must not be as bad as you say.

Have you given to Peter’s Pence before? What were your assumptions about where your money went?
 
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