Pope Leo XIV Seeks Financial support to Address Vatican Deficit

VATICAN CITY – Pope Leo XIV celebrated a special feast day on Sunday, leveraging the occasion to launch a new fundraising campaign aimed at alleviating the Holy See’s financial strain. The Vatican, under its first American pope, is actively seeking donations from Catholics worldwide to address a significant structural deficit.

Pope Leo XIV Appeals for Donations to Peter’s Pence

During Mass in St. Peter’s Basilica, Pope Leo XIV marked the Feast of Saints Peter and Paul, expressing gratitude to donors and emphasizing that their financial contributions symbolize unity with his papacy. Masses globally on this day traditionally include a collection for Peter’s Pence, a fund that supports both the administrative functions of the Catholic Church and the Pope’s charitable endeavors.

The Vatican is employing a extensive fundraising strategy, complete with a promotional video, posters, QR codes, and a dedicated website, to solicit donations via credit card, PayPal, bank transfer, and even post office transfer. This year, the hope is that pope Leo XIV’s American approach to fundraising will help stabilize the Holy See’s finances and reduce its €50 million to €60 million ($57-68 million) structural deficit.

Did You Know? Peter’s Pence dates back to the 8th century, originating in