Italian diocese to award $58K to international ‘economy of fraternity’ prize winners

Monsignor Anthony J. Figueiredo and Bishop Mylo Vergara of Pasig, Philippines, bless the facility of the 2022 “Economy of Fraternity” prize recipient, the Ecocharcoal Briquettes Project in the Diocese of Pasig, on Dec. 3, 2025. | Courtesy of Monsignor Anthony J. Figueiredo

Jan 16, 2026 / 09:26 am (CNA).

The Diocese of Assisi in Italy will award 50,000 euros ($58,000) to the winner of the 2026 edition of the “Francis of Assisi and Carlo Acutis for an Economy of Fraternity” award.

Inspired by Pope Francis’ 2015 encyclical letter Laudato Si’, the former archbishop of Assisi, Domenico Sorrentino, instituted the award in 2020 on the day of St. Carlo Acutis’ Oct. 10 beatification.

In addition to the 50,000-euro ($58,000) prize money, award winners also receive an icon with the images of Sts. Francis and Carlo Acutis and are symbolically vested with the “cloak of Francis” by the bishop of Assisi during a ceremony to be held in May at the Sanctuary of the Renunciation.

Monsignor Anthony J. Figueiredo, director of international affairs and relics custodian for the Diocese of Assisi, said the prize is not simply a “payout” but a way of recognizing grassroots projects that support a just and “generative” economic model that restores dignity to the poor and vulnerable.

“The whole point of this award is really to encourage new initiatives from the bottom up so people, who are often discarded on the margins of society, can become the protagonists,” he told EWTN News.

“With the help of those in business, those in the Church, those in the municipality, they then are able to produce something where they earn,” he continued. “It’s a wonderful initiative that was born in the heart of Pope Francis and his emphasis on an economy of fraternity.”

More than 160 projects from across Africa, Asia, the Americas, Europe, and Oceania have been submitted to the Diocese of Assisi since the award’s establishment nearly six years ago.

“Initially, a lot of the projects were coming from Europe but, with time, they have come from quite obscure and poor places,” Figueiredo said.

Last year, “Project Hope,” an initiative led by Caritas Goa in India, won the diocesan prize for its work in supporting disadvantaged women and youth gain financial independence. Caritas Goa provided services including specialized crafts training as well as partnerships with local businesses.

Previous awardees have come from Brazil, Chad, the Philippines, and Italy.

“In a world today that is full of bad news of war, violence, and division, this award points to the goodness from the bottom up, and that gives us joy and hope in going forward in this world,” Figueiredo said.

Individuals and organizations from around the world have until Feb. 28 to submit an online application for the sixth edition of the award.