In a letter to members, Thomas Monaghan, the chairman and CEO of the organization said it would be placing its annual tithe in escrow for now, rather than sending it to Rome, pending clarification of its use by the Vatican.
“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.
About $820,000 will be placed in escrow, according to a Legatus official.