Pope Leo XIV has cancelled a special Holy See fundraising commission that was announced under questionable circumstances while Pope Francis was hospitalised. Source: NCR Online.
Pope Leo on Thursday formally suppressed the fundraising commission, abrogated its statutes and fired its members. He decreed that its assets would go to the Holy See as a whole, and that the Vatican patrimony office would oversee the commission’s extinction.
A new working group would be formed, with papally approved members, to come up with fundraising proposals and an appropriate structure going forward, the decree said.
The decree was the latest sign that as 2025 comes to an end, history’s first American pope is wrapping up the loose ends of Francis’ pontificate. Leo is correcting problems as needed and fulfilling Franciss’ Holy Year obligations as he looks ahead to the new year when he can focus more on his own agenda.
The Vatican had announced the creation of the commission, its statutes and members on February 26, while Francis was in the hospital battling double pneumonia. At the time, he was being visited by the top officials of the Secretariat of State.
The commission included only Italians with no professional fundraising experience. Its president was the assessor of the Secretariat of State, the very same Vatican office that Francis had previously stripped of its ability to manage assets after it lost tens of millions of euros in a scandalous London property deal.
The concentration of financial power back in the Secretariat of State, the lack of qualified fundraisers and absence of any Americans on the board – United States Catholics and dioceses are the biggest donors to the Vatican – immediately raised questions about the commission’s credibility.
To some, it smacked of the Italian-led Secretariat of State taking advantage of a sick pope to announce a new flow of unchecked donations into its coffers after Francis took away its 600 million euro ($A1.05 billion) sovereign wealth fund and gave it to another office to manage as punishment for the London fiasco.
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Pope cancels Holy See fundraising commission announced under questionable circumstances (By Nicole Winfield, AP via NCR Online)
