Pope warns of risk of corruption in missionary fundraising after AP investigation
Source: AP
By NICOLE WINFIELD 2 hours ago
VATICAN CITY (AP) — Pope Francis warned the Vatican’s missionary fundraisers on Saturday not to allow financial corruption to creep into their work, insisting that spirituality and spreading the Gospel must drive their operations, not mere entrepreneurship.
Francis made the comments in a speech to the national directors of the Vatican’s Pontifical Mission Societies, which raise money for the Catholic Church’s missionary work in the developing world, building churches and funding training programs for priests and nuns. Deviating from his prepared remarks, Francis appeared to refer to a recent Associated Press investigation into financial transfers at the U.S. branch of the Pontifical Mission Societies: The former head oversaw the transfer of at least $17 million from a quasi endowment fund and donations into a nonprofit and private equity fund that he created and now heads that invests in church-run agribusinesses in Africa.
“Please don’t reduce POM to money,” Francis said, referring to the Italian acronym of the Pontifical Mission Societies. “This is a medium, a means. Does it take money? Yes, but don’t reduce it, it is bigger than money.”
He said if spirituality isn’t driving the Catholic Church’s missionary efforts, there is a risk of corruption.
Read more: https://apnews.com/article/vatican-pope-fundraising-missionary-81ac4d23fb2f6a9a4447df4fc83fc8f9
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