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VATICAN CITY, ITALY (CBSMiami) – Pope Francis has a new luxury sports car but he’s getting ready to give it away.

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Italian luxury carmaker Lamborghini donated a custom car model “Huracan” to the pope.

The car has been customized with the papal colors of gold and white.

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The event took place outside the pope’s residence.

The car will be auctioned by Sotheby’s and the proceeds will go to three charities sustained by Pope Francis.

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Proceeds will go towards the return of Christians in Iraq, for women who are victims of human trafficking and prostitution and to aid African women and children.