S
sallybutler
Guest
It was interesting reading the comments on the LifeSite article. Many of them sounded like they came from an anti-Catholic site.
I think that’s great jack.I plan to give to Peter’s Pence.
Some of these other people would like a higher degree of financial transparency than you.“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.”
And thank you too for the financial support of our Church in this way Feanor2.I will continue to give to Peter’s pence.
Why make this out to be a “problem”?“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??
Bold mine.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.
That’s great for you.I gave to Peter’s Pence this year simply because the Holy Father asks us too.
Bold mine.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 . . .
No it doesn’t.Peters pence is for Church. 90% goes to the Church.
. . . 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 . . . .
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?”It was interesting reading the comments on the LifeSite article. Many of them sounded like they came from an anti-Catholic site.
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.And many people want transparency so they can discern WHERE best they can help.