The highly influential Catholic business association Legatus has put its annual Vatican tithe “in escrow,” citing the current crisis in the Church.
A September 6 letter (full letter below) from Legatus CEO and founder Tom Monaghan states the Legatus board took the step “in light of recent revelations and questions.”
“We have also had discussions regarding our (Legatus’) annual tithe to the Holy See, specifically pertaining to how it is being used, and what financial accountability exists within the Vatican for such charitable contributions. The Board has begun a dialogue along these lines, and in the meantime has decided to place the Holy See annual tithe in escrow, pending further determination (by the Board),” Monaghan stated.
“We certainly pledge our continued devotion to Holy Mother Church, and recognize the tithe has been an important commitment of Legatus since our founding.”
“However, in light of recent revelations and questions, we believe it appropriate to respectfully request clarification regarding the specific use of these funds,” he added.
According to Legatus spokesperson, a Legatus member must be a practicing Catholic and an owner, chairman, president or CEO of a business with a minimum of $7 million annual revenue and at least 49 employees, or, for a financial service company, with at least 10 employees and $275 million in assets under management. The association was founded in 1987 and has 3,000 current members.
Full story at LifeSiteNews.