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Pope Francis has asked aides to get to the bottom of how at least $17 million was transferred from the Vatican’s U.S.-based missionary fundraising coffers into an impact investing vehicle run by a priest
VATICAN CITY (AP) — The former monastery on a quiet residential street in Rome once sheltered Jews fearing deportation in World War II. Purchased by the Vatican in 2021 as a dormitory for foreign nuns studying at Rome’s pontifical universities, the building now stands empty, a collateral victim of the latest financial scandal to hit […]
The Vatican is seeking clarity after the former director of its U.S. missionary fundraising office oversaw the transfer of at least $17 million of its endowment and donations into a new nonprofit and private equity fund that he created and currently manages. Fr. Andrew Small, the interim head of Pope Francis' clergy abuse commission, oversaw the transactions in his former role as national director of the Pontifical Mission Societies in the United States.
The former monastery on a quiet residential street in Rome once sheltered Jews fearing deportation in World War II. Purchased by the Vatican in 2021 as a dormitory for foreign nuns studying at Rome’s pontifical universities, the building now stands empty, a collateral victim of the latest financial scandal to hit the Holy See.