October 1, 2023

The Catholic Transcript

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Sistema de donativos da Igreja Católica registra prejuízo

The Catholic Church’s donation system records the loss

Pope Francis (left) arrives to lead an audience with pilgrims from Slovakia at the Paul VI Hall in Vatican City on April 30, 2022 – AFP

VATICAN, June 16 (ANSA) – Óbolo de São Pedro, the Catholic Church’s fundraising system, posted its first revenue growth since 2015, but ended 2021 with a loss of €18.4 million, equivalent to R$97 million at the current price.

According to the balance sheet released by the Vatican, Apollo raised 46.9 million euros last year (compared to 44.1 million in 2020), of which 44.5 million came from donations and 2.5 million from financial and other activities fees.

Expenditures totaled 65.3 million euros, and the deficit of 18.4 million was covered by resources from the inheritance of the Holy See.

Most of the donations (65.3%) came from Catholic dioceses around the world, while 22% came from transfers made by foundations.

Only 9% of donations were made directly by individuals, and 3.7% via religious denominations. The United States remains the main source of commitment funds with 29.3% of the total, followed by Italy (11.3%), Germany (5.2%), South Korea (3.2%) and France (2.7%).

Peter Opole is the focus of a lawsuit in the Vatican in which the powerful Cardinal Angelo Piccio is accused as the defendant, accused of using money from donations to finance the takeover of a building in London when it was “No. 2” in the State Secretariat, the main department of Korea.

These funds are usually used for charitable purposes, not for real estate investments in the Holy See, but Becciu denies the accusation. (Ansa).

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