Pope Leo is turning to conservative American Catholics and MAGA-aligned megadonors to help stabilize the Vatican’s strained balance sheet.
The new pope is reportedly working behind the scenes to reconnect with major U.S. donors whose support had dwindled in recent years, Politico reported. That decline followed widespread discontent with Pope Francis’ more liberal teachings and a string of corruption scandals, including the Vatican bank’s failed investment in London real estate, said John Yep, president of Catholics for Catholics, Politico reported.
Insiders told Politico that Pope Leo was seen during the conclave as someone with the financial sensibility to rebuild trust with these high-dollar benefactors. His election came as internal figures showed the Vatican ran an €83 million deficit in 2024 — more than double its last reported shortfall, Reuters reported. U.S. donations — historically the largest single source of external support — have dropped sharply.
“Talking to some of the biggest donors in the country, they’re absolutely thrilled,” one conservative Catholic leader told Politico, though no large donations have yet been confirmed.
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Author: Ray Hilbrich
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