 |
 
 Where
The Funds Are Invested
Donations to The Papal Foundation are immediately invested in the United
States at the direction of the Board of Trustees into a “Board Directed
Fund,” whose sole purpose is to assist the Holy Father reach out to
the needy.
We are highly sensitive to where we invest our donors’ contributions.
The Papal Foundation’s investment portfolio is reviewed regularly
for consistency with our investment criteria, which prohibit investing
in any companies that:
- Produce nuclear, chemical, or other weapons
- Produce, research, or develop contraceptive products
- Manufacture abortifacient products
- Contribute directly or through company-sponsored foundations
to Pro-Choice organizations, e.g., Planned Parenthood
- Use fetal tissue in testing, or have no formal policy prohibiting
its use, if applicable to their business
- Perform abortions
- Produce movies rated “R” or higher, have adult-only
Internet sites, or publish materials for adults only
- Operate establishments with live entertainment of a clearly
adult nature
- Produce music recordings which the companies themselves have
indicated contain lyrics of questionable content
Who Manages the Money
The funds for The Papal Foundation are managed and supervised by a two-tiered
Board of Trustees, which is national in scope. American Cardinals who
reside in the United States serve as ex-officio members of the Board.
Also several Archbishops, Bishops and laity from across the country
are elected to serve as Trustees.
How The Grants Are Determined
A request for a grant must come from an Ordinary or Major Religious Superior
to the Holy See’s Secretary of State. His staff reviews all the requests,
matching it against criteria set by the Holy Father, and narrowing the choices
to about one hundred. Then, the Secretary of State and the Holy Father review
the requests, narrowing the list still further, and make requests to The
Papal Foundation. The Trustees of The Papal Foundation determine the sum
of the individual grants awarded.
| Grants: Projects Funded |
| 1. |
The San Sergio Fund (Russia
and Eastern Europe) |
$135,000 |
| 2. |
The Apostolic Administration
of Estonia |
$63,000 |
| 3. |
The Major Seminary of
Vilnius (Lithuania) |
$45,000 |
| 4. |
The Major Seminary of
Riga (Latvia) |
$45,000 |
| 5. |
The John Paul II Institute
for Marriage and the Family (Italy) |
$45,000
|
| 6. |
Caritas in the Republic
of Georgia, 3rd year of a 3-year request |
$72,000 |
| 7. |
Purchase and remodeling
of a building for use as the Bishops Offices and a Theological Institute
in Tbilisi (Georgia) |
$90,000 |
| 8. |
The “Populorum
Progressio” Fund (Latin America) |
$45,000 |
| 9. |
The new Divine Mercy
Shrine in the Archdiocese of Krakow (Poland) |
$45,000 |
| 10. |
The Archdiocese of Minsk
Mohilev (Belarus) |
$45,000 |
| 11. |
The Diocese of Vitebsk
(Belarus) |
$40,000 |
| 12. |
The Archdiocese of Lviv
of the Latins (Ukraine) |
$40,000 |
| 13. |
An educational program
of the Mission “sui juris” of Mongolia |
$60,000 |
| 14. |
The Archdiocese of Bucharest
(Romania) |
$80,000 |
| 15. |
The Apostolic Administration
of Moscow (Russia) |
$60,000 |
| 16. |
Construction of St.
Joseph Cathedral in Sofia (Bulgaria) |
$56,000 |
| 17. |
The Catholic School
Center in Sarajevo (Bosnia) |
$24,000 |
| 18. |
St. Vincent de Paul
Hospital in Sarajevo (Bosnia), 1st year of a 5-year request |
$80,000 |
| 19. |
Construction of the
Church of Saints Peter and Paul in Ulaanbaatar (Mongolia), 2nd year
of a 4-year request |
$56,000 |
| 20. |
The Fourth World Meeting
of Families in Manila (Philippines) |
$40,000 |
| 21. |
The Pontifical Academy
for Life (Italy) |
$35,000 |
| 22. |
The Center for Studies
and Research of Human Fertility (Catholic University of Rome) |
$35,000 |
| 23. |
The “Couple-to-Couple
League” office (Poland), 3rd year of a 3-year request |
$12,600 |
| 24. |
Construction of the
Benedictine Monastery “Mater Unitas” in Piatra Neamt,
Lasi (Romania) |
$21,000 |
| 25. |
The Latin Patriarchate
of Jerusalem (Israel) |
$200,000 |
| 26. |
The Major Seminary of
Ivano-Frankivsk (Ukraine) |
$35,000 |
| 27. |
Construction of the
Cathedral of Kolomyia (Ukraine) |
$49,000 |
| 28. |
Construction of a church
in Berdiansk (Ukraine) |
$14,000 |
| 29. |
Final construction of
the Cathedral of Buchach (Ukraine) |
$7,000 |
| 30. |
Repair and renovation
of St. Catherine of Alexandria Parish Church in St. Petersburg (Russia) |
$35,000 |
| 31. |
External repair work
on the Minor Basilica of Cacica (Romania)
|
$27,000 |
| 32. |
Renovation of the Convent
of the Brigidine Sisters in Havana (Cuba) |
$60,000 |
| 33. |
Construction of a new
parish church in the Diocese of Jacmel (Haiti) |
$18,000 |
| 34. |
Monastery of the Sisters
“Little Servants of Jesus in the Holy Eucharist” in Les
Cayes (Haiti) |
$30,000 |
| 35. |
The Pastoral and Spirituality
Center of the Diocese of Les Cayes (Haiti) |
$15,000 |
| 36. |
The Diocesan Pastoral
Formation Center in San Pedro de Macoris (Dominican Republic) |
$30,000 |
| 37. |
The International Catholic
Commission for Emigration (Switzerland) |
$30,000 |
| 38. |
Apostolate House and
Novitiate for the Poor Sisters of St. Joseph of Buenos Aires in Sabaoni
(Romania) |
$30,000 |
| 39. |
Repair and renovation
of the Diocesan Offices in Les Gonaives (Haiti) |
$30,000 |
| 40. |
Final construction of
the Church of the Benedictine Monastery “Our Lady of Hope”
in the Diocese of Rafaela (Argentina) |
$15,000 |
| 41. |
Purchase of printing
press for the Sisters of Our Lady of Loreto Press in Baia Mare (Romania)
|
$35,000 |
| 42. |
Construction of the
Cathedral of Iguatu (Brazil) |
$25,000 |
| 43. |
Construction of a Seminary
in the Diocese of Janauba (Brazil) |
$15,000 |
| 44. |
Construction of the
Convent and House of Formation for the Sisters of the “Comunidad
Homogenea de Badajoz” in Barrio Totoral, the Diocese of Abancay
(Peru) |
$12,500 |
| 45. |
Final construction of
the second wing of the Pastoral Center of the Bishops’ Conference
in Dhaka (Bangladesh) |
$50,000 |
| 46. |
Construction of the
Monastery Church of San Jose in Moquegua (Peru) |
$35,000 |
| 47. |
Construction of the
monastery of the Claretian Nuns in Managua (Nicaragua) |
$35,000 |
| 48. |
Restoration and modernization
of Holy Rosary Hospital in Emekuku, the Diocese of Owerri (Nigeria) |
$40,000 |
| 49. |
Construction of the
Major Seminary in the Archdiocese of Feira de Santana (Brazil) |
$35,000 |
| 50. |
Construction of a Carmelite
Monastery in the Diocese of Iquique (Chile) |
$25,000 |
| 51. |
The Anti-Malaria Association
“Action de Lutte contre le Malaria” in Bujumbura (Burundi)
|
$25,000 |
| 52. |
The Evangelization and
Catechtical Center in Piura (Peru) |
$25,000 |
| 53. |
The Sant ’Egidio
Community AIDS project (Mozambique) |
$25,000 |
| 54. |
St. Don Bosco’s
Educational Society in Arni (India) |
$20,000 |
| 55. |
Construction of the
chapel for the San Sebastian Retreat House in Cusco (Peru) |
$15,000 |
| 56. |
The Congregation of
Sisters of St. Bernadette in the Archdiocese of Gitega (Burundi) |
$25,000 |
| 57. |
The Missionary Sisters
of Madre Laura (Columbia) |
$25,000 |
| 58. |
Construction of the
Shrine of Our Lady Help of Christians in Lusaka (Zambia) |
$25,000 |
| 59. |
The Apostolic Sisters
of St. John at the Marian Shrine of Kovie, the Diocese of Lome (Togo)
|
$25,000 |
| 60. |
Construction of a Diocesan
Pastoral Catechetical Training Center and the establishment of a catechists’
pension fund for the Diocese of Kasana-Luweero (Uganda) |
$25,000 |
| 61. |
The Pope Paul VI Institute
“Humanae Vitae” (USA)
|
$50,000 |
| 62. |
Development and expansion
of Televida, “The Family Channel,” of the Bishops’
Conference (Dominican Republic) |
$30,000 |
| 63. |
Multi-purpose center
for formation and promotion of women, the family and rural people
in Guanacaste, the Diocese of Tilaran (Costa Rica) |
$20,000 |
| 64. |
Catechetical Secretariat
and Religious Education Program Cumana (Venezuela) |
$20,000 |
| 65. |
Sisters of the Blessed
Virgin Mary in Bac (Slovakia) |
$10,000 |
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