On October 2nd 2020, the inaugural Faith and Philanthropy Summit will take place at the Casina Pio IV in the Vatican. Organized jointly by the Galileo Foundation and the Vatican’s Pontifical Academy of Social Sciences, ‘the Summit will convene 75 of the world’s leading philanthropists. From all faiths to discuss how ‘giving back’ can and is changing our world.
The 2020 Summit will be addressed by His Holiness Pope Francis, who has encouraged this initiative. On February 4th 2020 at the Casina, the Holy Father remarked:
“Currently, the 50 richest people possess the equivalent of US$ 2.2 trillion. The Pope said that, on their own, they could finance “medical care and education for every poor child in the world, either through taxes and/or philanthropy” and save millions of lives every year.”
This year’s Summit, which will be opened with remarks by H.E. Cardinal Pietro Parolin, Vatican Secretary of State, will also focus on how the Philanthropy of Education brings life-changing opportunities to young women and girls throughout the developing world.
Galileo President, John McCaffrey, said “The 2020 Faith and Philanthropy Summit is the first time that philanthropy has been formally addressed at the Vatican. All of the world’s religions encourage charitable acts and alms-giving as a central tenet of their faiths, and there are well known Gospel references to the rich man and the needle, and the widow’s mite. Pope Francis has reminded us on many occasions about the obligation to give back, to look after the poor and the most vulnerable, and how philanthropy can play an important role in this. It will be very interesting to explore these themes in some depth.”