UNITED STATES
Renew America
By Marielena Montesino de Stuart
ESPRESSO with Marielena…
Recommended roast level: VERY DARK.
Cardinal Roger Mahony does not need an introduction – but what is The Papal Foundation all about, from Francis’ perspective?
The Papal Foundation is based in Pennsylvania. This is an excerpt of their mission statement, as printed on their website [bold added for emphasis]:
“The Papal Foundation began in 1988 as a response to the desire of Catholic clergy and laity in the U.S. for a unique, sustainable way to support the Holy Father and his witness in the world.
The vision was to establish an endowment that would
– Provide an additional source of income for the Holy See
– Strengthen the Holy Father’s ability to fulfill the mission of Saint Peter
– Set the standard for other nations and challenge them to establish similar foundation.
Income generated from the investment of capital creates a perpetual source of revenue. The portfolio does not invest in any companies that engage in activities inconsistent with our faith.”
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