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Pope Leo XIV launched a new fundraising campaign for Peter's Pence, the fund supporting the Vatican's operations and the Pope's charities. The campaign, utilizing a promotional video, website, and various donation methods, aims to address the Holy See's 50-60 million euro deficit. The campaign emphasizes the importance of donations as a sign of communion with the Pope's mission. While donations have increased recently, expenses continue to exceed income, highlighting the Vatican's ongoing financial challenges, including a significant pension fund shortfall. The US remains a major contributor to Peter's Pence.

Prepared by Emily Rhodes and reviewed by editorial team.