Home Foreign Policy WSJ: Vatican Uses Donations for Poor to Fill Its Budget Holes

WSJ: Vatican Uses Donations for Poor to Fill Its Budget Holes

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Pope Francis waves to the faithful as he leaves St. Peter's Square, at the Vatican, after celebrating a jubilee mass, Sunday, Oct. 9, 2016. (AP Photo/Andrew Medichini)

Only about 10% of donations to the pope’s main charitable collection, Peter’s Pence, which raises some $55 million annually and is specifically advertised as helping the poor, actually go toward that cause, with approximately two-thirds used to fill budget holes in the Vatican’s administrative budget, The Wall Street Journal reported Wednesday.

The revelation comes as the credibility of the Vatican’s financial management has already taken a beating, with the Holy See in the midst of a scandal over real-estate investments in London.

In addition, the Vatican’s deficit last year doubled to more than $76 million on a budget of some $333 million, according to CNBC.

The website for Peter’s Pence describes the charity as a way “to help the poor in whatever way is possible,” even quoting Jesus in the Gospel of John: “From this, they will all know that you are my disciples, if you have love for one another.”

The use of these donations to plug the budget deficit is especially sensitive for Pope Francis, who has called for a “poor church for the poor” and has repeatedly emphasized the church’s mission to care for the most vulnerable, according to The Wall Street Journal.

Pope Francis has defended the use of Peter’s Pence donations, saying he tries “to make an investment and . . . when there is a need . . . the money is taken and that capital does not devalue, it stays the same or it increases a bit.”

However, according to those familiar with the charity, this explanation obscures the fact only about a quarter of the contributions are available for investments after most of the donations are spent on the Vatican’s operating costs.

via newsmax

7 COMMENTS

  1. you no what is wrong with the vatican , its being run by a bunch of liberals that are pissing away the money being donated for the poor , sound familiar . trump2020

    • 100% agree. It’s truly a shame what has happened with the Catholic Church under this new Pope. So climate change, gay rights, and abortion is more important than the poor. Wow.

      Glad I’m a lapsed Catholic. Though I don’t go to church, I still carry my Catholic Faith and it does NOT reflect what the Catholic Church has become today.

      GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  2. https://www.breitbart.com/tech/2019/12/13/portland-state-queer-ecologies-course-will-instruct-students-on-queering-science/

    So now we have queering science? Wow just as fake as “climate change”.

    “We explore how gender, sexuality, and queer experience and identity intersect with race, class, disability, and settler colonialism to construct bodies and places as ‘natural’ and the role that science plays in defining ‘nature,’” elaborates the description.

    The topics that will be examined include the following:

    Queer Bodies
    Queer settler colonialism
    Queer environmental politics
    Disability and queer environments
    Queering Science
    Queer Animals
    Queer Environmental Futurity”

    Yea, sure lol. Wow wonder what Queer animals is all about? Never knew animals could be queer, but hey look who’s teaching it. Just a fantasy but hey you get 4 credits if you take it. Just like learning how to color, learning about “safe spaces”, learning about “comfort stuffed animals”.

    Where is the course where possibly being gay is a mental health problem? Know a few college students who thought they were gay but turns out it was just a phase. Amazing what a lot of alcohol and drugs can make you do right?

    Truly pathetic we have come to this. And truly pathetic that students are going into huge student debt over this as well.

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  3. https://www.breitbart.com/politics/2019/12/13/pa-democrat-gov-tom-wolf-i-will-block-any-pro-life-bill/

    “Planned Parenthood — the nation’s largest abortion business — expressed its gratitude to have Wolf at the helm in Pennsylvania. The organization announced in June 2018 it would be spending $1.5 million to ensure he was re-elected last November.”

    Shame, where’s the Pope on this? Oh that’s right taking money from the poor to pay it’s bulging budget.

    Gee $1.5 million? That’s a lot of baby parts to sell. Got keep this business going. BTW Federal government, STOP using our tax dollars to support this. Planned Parenthood is then turning around and using OUR tax dollars to play politics to keep their “baby murdering/body part selling” business going.

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  4. https://www.breitbart.com/politics/2019/12/13/transgender-professor-rudolph-the-red-nosed-reindeer-queerest-holiday-special/

    Wow, get a life. It’s a children’s show. Yes it’s about bullying, but the characters don’t want to be another Sex.

    Tearing down children’s stories to make it about adults who have NO IDEA what sex they want to be when they grow up is WRONG. You have been doing that to Disney and look where Disney is now, GONE!

    That’s right, the heck with childhood. As long as your mental problems are forced on everyone, it’s all OK right? Really sick people. Demanding, no FORCING us to accept your sick ways. And to do so, tear up a childhood movie.

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

  5. https://www.breitbart.com/environment/2019/12/14/greta-thunberg-we-will-put-world-leaders-wall/

    On the little Greta, who everyone said President Trump was mean to is now threatening World leaders who don’t do what SHE wants them to do by putting them up against the wall.

    Hey little girl, Mommy needs to put you back into school, or definitely get you some help with “anger management”. Bring you down to earth, especially after that “Time” magazine article has gone to your head.

    Typical shill for the “climate change” crowd. Using a child to send their message. That’s like Dems here saying 16 year olds are old enough to make a decision and vote.

    Little girl, look at the “toxic” message you are sending out. That’s worse than “climate change”, which by the way, is a Made up science. Just like “queer science”.

    So those who put down our President for telling it like it is to this young girl, go away. It’s ok to have this young girl threaten leaders right?

    GOD BLESS PRESIDENT TRUMP! GOD BLESS THE USA!

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