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 Post subject: Vatican and Charity
PostPosted: Thu Dec 12, 2019 5:18 pm 
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There Can Be Only One
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Though it collects millions upon millions of dollars per year in aid to the poor, the Vatican reportedly only spends a small fraction of that on actual charity for the impoverished, according to sources inside the Catholic stronghold.

The church allegedly spends a majority of those funds on its administrative budget, with only 10 percent of the money making it to charitable causes. The Holy See operates at a significant budget deficit and uses "Peter's Pence," a specially earmarked charity fund, to fill the major gaps in its budget.

Peter's Pence has faced heightened scrutiny in recent months after Vatican police conducted a raid on the offices of several ranking Holy City officials regarding a disputed property investment in London. Some of the funds for that investment were alleged to have come from Peter's Pence.


True? Not at all? Somewhat? Completely?

The figure quoted in the article states that only 10% of funds collected for charity go to the intended recipients.


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 Post subject: Re: Vatican and Charity
PostPosted: Thu Dec 12, 2019 9:35 pm 
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Our Lady's Gladiator
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if proven true, i can imagine its "significant budget deficit" is going to grow exponentially :nooo:


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 Post subject: Re: Vatican and Charity
PostPosted: Thu Dec 12, 2019 11:17 pm 
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Jedi Master
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I have no independent way to confirm or deny it.


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 Post subject: Re: Vatican and Charity
PostPosted: Fri Dec 13, 2019 11:40 am 
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Citizen
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Where does this article come from?


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 Post subject: Re: Vatican and Charity
PostPosted: Fri Dec 13, 2019 12:08 pm 
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There Can Be Only One
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https://www.youtube.com/watch?v=SSVDZ0MySk8

Sorry. Just can't get enough of it.

Article came from Disrn. Several days ago.

https://disrn.com/


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 Post subject: Re: Vatican and Charity
PostPosted: Fri Dec 13, 2019 12:19 pm 
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Jedi Master
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I think the story originated with the Wall Street Journal.


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