National Religious Retirement Office · 2019-08-23 · National Religious Retirement Office . 2018 Annual Report . 1. Greetings from the Executive Director . Dear Friends, Once again,

National Religious Retirement Office

2018 Annual Report

National Religious Retirement Office 2018 Annual Report 1

Greetings from the Executive Director

Dear Friends,

Once again, Catholics across the United States have responded with loving generosity to the needs of senior religious and their communities. The 2018 Retirement Fund for Religious appeal raised $27.7 million. Words cannot convey the profound impact these donations have for some 30,000 senior sisters, brothers, and religious order priests.

Last year marked the beginning of the next 10-year cycle of the Retirement Fund for Religious. Since the collection was launched in 1988, the retirement concerns of religious communities have changed markedly, and we continue to respond to these evolving needs. What has remained constant over the years is the commitment of those whose prayers, donations, and advocacy sustain our efforts. What continues to grow is our gratitude for this support. Thank you.

God bless,

Sister Stephanie Still, PBVM Executive Director

Cover photo (from left): Sister de Lourdes Okoniewski, OSF, and Sister Florence Kruczek, OSF.

Right: See inside back cover for photo identifications.

Our day begins with you!

In 2018, Catholics from across the United States donated $27,758,793

to the annual Retirement Fund for Religious collection. The work of

the National Religious Retirement Office and the progress detailed

on the following pages would not be possible without this generous,

prayer-filled assistance.

Our charge is to increase the ability of religious communities to care

for aging members—now and in the future. In this mission, we rely

on the loving support of concerned donors and on a vast network of

individuals and organizations whose service and advocacy expand

the impact of contributions. Together, we are helping religious

communities address funding shortfalls, enhance eldercare, and plan

for ongoing retirement needs. Shoulder to shoulder, we honor the

dedication and witness of our nation’s senior sisters, brothers,

and religious order priests.

Thank you for standing with us!

Standing for Senior Religious

Standing for Senior Religious: Care Assistance

Each year, the National Religious Retirement Office (NRRO)

distributes the bulk of proceeds from the annual Retirement Fund for

Religious collection for the direct care of aging sisters, brothers, and

religious order priests. Religious communities, like the ones pictured

below, combine these funds with their own income and savings to

meet needs for nursing care, medications, therapies, and more.

Below, from left: Sisters Doris Holohan, Marie Camille Schmaltz, Cleopha Werner, and Ruthann Boyle of the Sisters of St. Francis, Oldenburg, Indiana.

Direct Care Assistance: $28 Million*The NRRO distributed $28 million to 360 religious communities across the United States. Communities may apply annually for Direct Care Assistance, which may be used for immediate eldercare expenses or invested for future retirement needs.

2 National Religious Retirement Office 2018 Annual Report National Religious Retirement Office 2018 Annual Report 3

From left: Brother Louis Nguyen, Father Augustine DeNoble, Brother Columba Porter, Father Edmund Smith, and Brother Lorenzo Conocido of the Benedictines of Mount Angel Abbey, Saint Benedict, Oregon.

* The NRRO Management Committee increased Direct Care Assistance from $25 million to $28 million. The additional funding was realized through investments and careful financial management.

Standing for Senior Religious: Planning and Consultation

Proceeds from the annual Retirement Fund for Religious collection—

combined with a network of some 60 volunteer consultants—

enable the NRRO to provide targeted, personal support to religious

communities with critical retirement-funding deficits.

NRRO consultants are experts in community leadership, finance, and health care. They share their time, experience, and considerable knowledge to assist religious communities in need. (See inside back cover for photo identifications.)

Planning and Implementation Assistance: $3.5 MillionIn 2018, the NRRO distributed $3,526,799 in Planning and Implementation Assistance. Through a combination of financial and consultative support, this initiative helps participating religious communities create strategies to address retirement and eldercare challenges.

Site Visits and Personal SupportThrough on-site visits to congregational motherhouses and facilities, the NRRO’s volunteer consultants help religious communities evaluate everything from care delivery to financial and demographic projections. Following the visits, consultants continue to provide guidance and hands-on support throughout the planning process. Armed with a clear understanding of their retirement realities, communities are better able to prepare for ongoing needs.


In addition to providing valuable retirement education, workshops offer opportunities for religious from different communities to exchange information and network.

Management and Continuing Education Assistance: $231,553In 2018, the NRRO distributed $231,553 in Management and Continuing Education Assistance, which offers support for educational activities and basic management tools. Funding can be used toward conferences, training events, or the acquisition of planning resources, such as a financial forecast or demographic analysis.

Workshops and Online ResourcesThe NRRO furnishes regional and national workshops on a variety of retirement and eldercare topics. Online resources include publications; sample policies; statistical data; and a five-part, downloadable video series designed to promote effective property planning—a critical issue for many religious communities.

Standing for Senior Religious: Education

Donations to the annual Retirement Fund for Religious collection

underwrite an array of educational resources and services designed

to promote long-term retirement planning and enhance eldercare

delivery.

From left: Sister Christine Garcia, SSND, and Sister Patricia Warbritton, CSJ.

Center: Sister Leona Bruner, SSF.

Consultant Dayna Larson-Hurst helps the NRRO develop educational opportunities on various eldercare concerns and is a frequent workshop presenter.


Archdiocese of Cincinnati and was responsible for organizing and promoting the Retirement Fund for Religious collection in the archdiocese’s 211 parishes. Sister Marilyn helped parishioners make a connection between area religious communities and the national appeal. Among other activities,

Addressing the retirement concerns of the nation’s religious

communities is a complex and multifaceted process that cannot

be accomplished in isolation. As such, the NRRO relies on the

collaboration and support of US bishops, dioceses and archdioceses,

and organizations that promote and serve religious life and the Church.

These alliances help the NRRO to maximize the impact of donations.

NRRO staff members travel to gatherings across the nation to raise awareness of the services and assistance available to religious communities through the Retirement Fund for Religious. Here, staffers chat with a participant at the Resource Center for Religious Institutes annual conference. Clockwise, from left: Sister Angela Wagner, DLJC; Karen Cañas; and Sister Stephanie Still, PBVM.

Standing for Senior Religious: Advocacy and Partners

In conjunction with the Avila Institute of Gerontology, the NRRO offers a free, quarterly webinar series. These 60-minute, online presentations feature updates on eldercare trends and continuing education for care personnel.

In 2018, the NRRO received an award for distinguished service from the National Catholic Development Conference (now part of The Nonprofit Alliance) to recognize the ongoing collaboration between the two organizations. From left: Father Manuel Williams, CR; Sister Stephanie Still, PBVM; and Sister Georgette Lehmuth, OSF.

Representatives of the United States Conference of Catholic Bishops and the leadership conferences of women and men religious serve on the NRRO’s Assistance Review and Management Committees, providing input and oversight on funding decisions. Father Domenico Di Raimondo, MSpS (left), represents the Conference of Major Superiors of Men. (See page 15 for other committee members.)

In each participating (arch)diocese, the NRRO works with a representative who assists in promoting the Retirement Fund for Religious collection in local parishes. Diocesan coordinators perform a range of duties, from ensuring parishes receive promotional materials to organizing speakers for Mass. Coordinators play a central role in raising awareness of the needs of senior religious among parishioners and in ensuring the success of the collection at the local level.

(Arch)diocesan CoordinatorsSister Marilyn Kerber, SNDdeN, Archdiocese of CincinnatiRecently retired from active ministry, Sister Marilyn Kerber has been a member of the Sisters of Notre Dame de Namur of the Ohio Province for 60 years. From 2011 to 2019, she served as the Director of the Office of Consecrated Life for the

she oversaw production of short promotional videos and coordinated a series of 17 billboards, all featuring local senior religious. “It has been a joy to do this part of the ministry,” she says.


Photo: Jim Greipp

Dear Friends,

It is our privilege to share the National Religious Retirement Office (NRRO) annual report and to highlight the meaningful progress of the last year. We offer our humble and heartfelt thanks for your continued support of our nation’s aging sisters, brothers, and religious order priests.

Generosity to the Retirement Fund for Religious continued again in 2018, bringing the total donated since the collection began to an astounding $872 million. This sustained support has helped numerous religious communities to stabilize their retirement outlooks. Yet too many others still face profound and immediate challenges, particularly with meeting the growing care needs of older members. In response, the NRRO’s Management Committee increased the total amount distributed for Direct Care Assistance from $25 million to $28 million, with the additional funding realized through prudent investments and careful financial management.

Gratitude demands conscientious, prayer-filled stewardship of the funds entrusted to us. As sponsors of the Retirement Fund for Religious, we remain committed to promoting targeted funding, programming, and partnerships that maximize the assistance made possible by donations. In these efforts, we rely on your faithful support and God’s abundant grace.

Sincerely in Christ,

Daniel Cardinal DiNardoArchbishop of Galveston-Houston President, United States Conference of Catholic Bishops

Sister Mary McGreevy, RSMChairperson, Council of Major Superiors of Women Religious

Sister Sharlet Ann Wagner, CSCPresident, Leadership Conference of Women Religious

Brother Larry Schatz, FSCPresident, Conference of Major Superiors of Men

From Our Sponsors Financial Statement

Statement of Financial PositionStatement of Activities and Changes in Net Assets

The information presented in this report has been derived from the audited financial statements provided by the United States Conference of Catholic Bishops (USCCB) Office of Finance and Accounting. Copies of these statements are available at USCCB.org or by request to the National Religious Retirement Office.

Year ended December 31, 2018

Operating RevenueContributions Diocesan national collection $25,411,786 Other 2,943,095Income on investments 2,500,473Total Operating Revenue 30,855,354

Operating ExpensesDistributions to 28,777,724 religious institutesPrograms and support services Administration 984,121 Education 164,197 Promotion 648,740Total Operating Expenses 30,574,782

Increase in Net 280,572 Assets from Operations

Nonoperating ActivitiesUnrealized loss on investments -3,836,821Total Nonoperating Activities -3,836,821

Change in net assets -3,556,249Net Assets 77,411,555 at Beginning of YearNet Assets at End of Year $73,855,306

As of December 31, 2018

AssetsMarketable securities $3,101,643Contributions receivable 24,946,027Donations and grants receivable 16,348Long-term investments— 46,051,241 at market (held by USCCB)Total Assets 74,115,259

LiabilitiesAccounts payable 232,857 and accrued expensesGrants/distributions payable 27,096Total Liabilities 259,953

Net AssetsWithout donor restrictions 45,804,505With donor restrictions 28,050,801Total Net Assets 73,855,306

Total Liabilities and Net Assets $74,115,259

Cardinal DiNardo

Sister Wagner

Sister McGreevy

Brother Schatz

Diocesan Collections

Other Contributions

Investment Income

2018 Sources of Operating Revenue 2018 Operating Expenses

Fund Distributions to Religious Institutes

Administration

Promotion: National Appeal

Educational Programs

94%

3%2%

1%10%

82%

8%



Texas, continued

El Paso $45,257.02

Fort Worth 197,327.85

Galveston– 576,337.44 Houston

Laredo 8,473.57

Lubbock 20,707.48

San Angelo 80,522.58

San Antonio 286,912.69

Tyler 37,486.45

Victoria 46,937.82

UtahSalt Lake City 58,395.42

VermontBurlington 65,117.31

VirginiaArlington 464,322.20

Richmond 104,671.41

WashingtonSeattle 50,000.00

Spokane 21,500.00

Yakima 13,292.80

West VirginiaWheeling– 82,877.17 Charleston

WisconsinGreen Bay 216,373.50

La Crosse 113,466.43

Madison 53,993.15

Milwaukee 285,999.27

Superior 15,836.79

WyomingCheyenne 49,667.35

Total $24,970,991.19

AlabamaBirmingham $50,000.00

Mobile 70,436.50

AlaskaAnchorage 63,997.99

Fairbanks 5,713.35

Juneau 11,464.57

ArizonaPhoenix 113,101.67

Tucson 10,118.00

ArkansasLittle Rock 159,128.32

CaliforniaFresno 171,930.89

Los Angeles 832,855.40

Monterey 51,234.07

Oakland 234,183.73

Orange 337,426.99

Sacramento 173,257.00

San Bernardino 165,533.88

San Diego 335,463.26

San Francisco 133,074.36

San Jose 223,494.36

Santa Rosa 34,515.65

Stockton 113,663.78

ColoradoColorado Springs 60,713.49

Denver 151,082.49

Pueblo 54,619.90

ConnecticutBridgeport 174,314.93

Hartford 315,968.48

Norwich 59,234.45

DelawareWilmington 112,748.61

District of ColumbiaMilitary Services 9,005.82

Washington 435,865.81

FloridaMiami $176,117.54

Orlando 64,207.30

Palm Beach 178,338.10

Pensacola– 73,283.38 Tallahassee

St. Augustine 146,223.15

St. Petersburg 239,835.16

Venice 205,184.00

GeorgiaAtlanta 298,235.71

Savannah 159,053.36

HawaiiHonolulu 114,396.18

IdahoBoise 6,000.00

IllinoisBelleville 54,949.16

Chicago 1,020,386.18

Joliet 380,372.31

Peoria 137,852.00

Rockford 160,077.94

Springfield 130,000.00

IndianaEvansville 17,476.03

Fort Wayne– 153,677.42 South Bend

Gary 50,000.00

Indianapolis 430,290.31

Lafayette 114,446.52

IowaDavenport 59,709.17

Des Moines 56,374.74

Dubuque 145,358.41

Sioux City 55,055.00

KansasDodge City 10,000.00 *

Kansas City 90,552.71

Salina 53,564.25

Wichita 32,200.00

KentuckyCovington 39,026.49

Lexington 42,518.68

Louisville 105,000.00

Owensboro 30,076.62

LouisianaAlexandria $22,530.03

Lafayette 81,796.14

New Orleans 234,646.44

Shreveport 40,012.17

MainePortland 106,167.79

MarylandBaltimore 291,715.44

MassachusettsFall River 123,331.22

Springfield 73,931.65

Worcester 140,000.00

MichiganDetroit 466,441.37

Gaylord 178,954.19

Grand Rapids 240,907.69

Kalamazoo 113,936.10

Lansing 112,272.38

Marquette 9,800.00

Saginaw 160,065.95

MinnesotaCrookston 46,873.23

Duluth 42,614.83

New Ulm 27,436.30

St. Cloud 58,130.18

St. Paul and 667,495.44 * Minneapolis

Winona–Rochester 61,307.88

MississippiBiloxi 40,745.92

Jackson 53,355.33

MissouriJefferson City 111,989.90

Kansas City– 116,428.08 St. Joseph

Springfield– 57,375.06 Cape Girardeau

St. Louis 330,006.00

MontanaGreat Falls–Billings 17,777.20

Helena 29,457.00

NebraskaGrand Island 52,277.31

Lincoln 22,909.53

Omaha 192,108.67

(Arch)diocesan ContributionsThe following are (arch)dioceses that participated in the 2018 parish-based appeal for the Retirement Fund for Religious and the amounts they submitted.

Contributions

OregonBaker $12,369.35

Portland 203,547.03

PennsylvaniaAllentown 26,984.57

Altoona– 55,103.44 Johnstown

Erie 161,002.95

Greensburg 57,011.01

Harrisburg 51,036.92

Philadelphia 110,083.91

Pittsburgh 339,865.62

Pittsburgh 2,560.00 (Eastern Church)

Scranton 86,516.40

Rhode IslandProvidence 183,322.00

South CarolinaCharleston 131,310.91

South DakotaRapid City 12,062.19

Sioux Falls 17,400.00

TennesseeKnoxville 47,659.01

Memphis 51,104.86

Nashville 63,084.22

TexasAmarillo 42,146.14

Austin 66,081.92

Beaumont 71,166.56

Brownsville 61,718.30

Corpus Christi 96,067.55

Dallas 185,770.16

NevadaLas Vegas $89,975.33

Reno 53,499.00

New HampshireManchester 190,126.76

New JerseyCamden 167,494.08

Metuchen 242,438.22

Newark 447,337.49

Paterson 257,230.56

Trenton 304,308.46

New MexicoGallup 22,082.45

Las Cruces 30,866.14

Santa Fe 70,922.28

New YorkBrooklyn 233,573.91

Buffalo 638,000.00

Ogdensburg 11,732.48

Rockville Centre 618,947.00

North CarolinaCharlotte 228,973.43

Raleigh 188,134.82

North DakotaBismarck 54,311.41

Fargo 38,760.32

OhioCincinnati 735,000.00

Cleveland 432,025.26

Columbus 141,776.63

Steubenville 20,335.00

Toledo 279,395.77 *

Youngstown 290,748.40

OklahomaOklahoma City 89,534.25

Tulsa 44,229.03

Contributions

(Arch)diocesan DistributionsThe (arch)dioceses listed to the right sponsor programs independent of the national appeal and distribute funds directly to local religious institutes. Data submitted by these (arch)dioceses help ensure the accuracy of the National Religious Retirement Office formula for fund distribution nationally.

Baton Rouge $130,384.00Boston 883,963.79Covington 117,844.93New York 495,550.84Norwich 10,000.00Ogdensburg 121,682.86Philadelphia/Harrisburg/Allentown 840,260.00Syracuse 618,214.62Total $3,217,901.04

* Includes bequest distributed to the (arch)diocese as a gift to the Retirement Fund for Religious.

Contributions

Other DonorsIn 2018, individuals and organizations donated to the Retirement Fund for Religious through bequests, institutional philanthropy, and direct donations. These contributions totaled $2,787,802.28 and included stock donations and matching gifts.

Listings are alphabetical.

Bequests ($5,000 or more)Anonymous (2)

Gerald R. Adler

Doris H. Bauer

Jeyne R. Brown Trust

Paul K. Curran

Mary M. Eckstein

Helen M. Hanley

Anna D. Rollo

Margaret V. Seaton

Dennis Duke Sella

Barbara Ann Szydlowski

John and Mary Lou Turner

Individual Donations ($5,000 or more)$100,000 and overAnonymous

$10,000–$25,000Anonymous (3)

Mr. David M. Adams

Mr. Harry C. Brown

Mr. and Mrs. Semyon Kruglyak

Mr. and Mrs. Dev T. Lobo

$5,000–$9,999Anonymous (7)

Mr. Warren W. Ambler

Mr. and Mrs. Donald J. Berry Jr.

Mr. and Mrs. Rich Brousil

Ms. Marsha L. Budde

Mr. and Mrs. James R. Flaherty

Mr. and Mrs. Michael E. Hora

Ms. Dolores K. Juditz

Ms. Maribeth Koslow

Mr. and Mrs. Lawrence M. Morello

Mr. and Mrs. L. Phillip Reinig

Mr. and Mrs. Mark Schafale

Mr. and Mrs. Richard Scudellari

Mr. and Mrs. Thomas J. Stillwell

Mr. and Mrs. Dale R. Stow

Mr. Sungman Suh

Mr. William R. VanSloun

Mr. and Mrs. Keith R. Wieland

Gifts from Organizations ($5,000 or more)Anonymous (6)

Greater Milwaukee Foundation—Paraclete Fund

Religious Intercommunity Committee

Stock DonationsAnonymous (7)

Mr. and Mrs. Eugene C. Brisbane Jr.

Matching Gifts by OrganizationsAmsted Industries

ExxonMobil Foundation

Murphy Oil

CommitteesThe following committees oversee and assist in the work of the National Religious Retirement Office (NRRO). The Commission on Religious Life and Ministry establishes guidelines and criteria for the NRRO. The Assistance Review Committee recommends distributions of Planning and Implementation Assistance, and the Management Committee gives final approval of fund allocations and oversees operations.

Acknowledgments

Conference of Major Superiors of Men (CMSM) Very Reverend Mark Padrez, OP, Executive DirectorBrother Larry Schatz, FSC, PresidentVery Reverend Timothy P. Kesicki, SJ,

Secretary/TreasurerBrother Patrick Sean Moffett, CFC,

Board Member-At-Large

Council of Major Superiors of Women Religious (CMSWR) Sister Mary Christine Cremin, RSM, CoordinatorSister Mary McGreevy, RSM, ChairpersonSister Marie Bernadette Mertens, IHM, SecretarySister Judith Ann Duvall, OSF, Treasurer

Leadership Conference of Women Religious (LCWR) Sister Carol Zinn, SSJ, Executive DirectorSister Sharlet Ann Wagner, CSC, PresidentSister Jayne Helmlinger, CSJ, President-ElectSister Teresa Maya, CCVI, Past PresidentSister Theresa Sandok, OSM, SecretarySister Kate Katoski, OSF, Treasurer

United States Conference of Catholic Bishops (USCCB) Cardinal Joseph W. Tobin, CSsRReverend Monsignor J. Brian Bransfield,

General Secretary

Commission on Religious Life and Ministry

Sister SchollSister HollomanReverend Di Raimondo

Conference of Major Superiors of MenReverend Domenico Di Raimondo, MSpS

Council of Major Superiors of Women ReligiousSister Joanne Holloman, FMA

Leadership Conference of Women ReligiousSister Susan Scholl, FSM

United States Conference of Catholic BishopsMost Reverend William P. Callahan, OFM Conv

Assistance Review Committee

Most Reverend Callahan

Sister CreminVery Reverend Padrez

Sister Zinn

Conference of Major Superiors of MenVery Reverend Mark Padrez, OP, Executive Director

Council of Major Superiors of Women ReligiousSister Mary Christine Cremin, RSM, Coordinator

Leadership Conference of Women ReligiousSister Carol Zinn, SSJ, Executive Director

United States Conference of Catholic BishopsReverend Monsignor J. Brian Bransfield,

General Secretary

Management Committee

Reverend Monsignor Bransfield


16 National Religious Retirement Office 2018 Annual Report

Retirement Fund for Religious National Religious Retirement Office 3211 Fourth Street NE Washington DC 20017-1194

Telephone: (202) 541-3215 Fax: (202) 541-3053Email: [email protected]

For more information about the Retirement Fund for Religious or about making a bequest, please contact:

To learn more about our mission to assist elder women and men religious or to download campaign resources, please visit retiredreligious.org.

Resources for religious institutes are available at usccb.org/nrro.

Mrs. Monica GloverGrants Specialist

Ms. Karen CañasProgram Associate

Sister Stephanie Still, PBVMExecutive Director

National Religious Retirement OfficeThe staff of the National Religious Retirement Office (NRRO) coordinates the appeal for the Retirement Fund for Religious, distributes funds to eligible religious institutes, and provides educational and consultative services related to retirement planning and eldercare.

Annual Report SupplementThe National Religious Retirement Office 2018 Annual Report Supplement contains a detailed listing of the financial distributions to religious communities made possible by the 2018 collection. This supplement also provides a list of the coordinators in each (arch)diocese who collaborate with the NRRO to manage the Retirement Fund for Religious appeal at the local level.

To access this list electronically, please visit retiredreligious.org/about-us/annual-report. Printed copies of the supplement can be obtained by contacting our office.

About

Affiliated Independent Consultants

Sister Anna Marie Tag, RSM

Ms. Dayna Larson-Hurst

From left: Dayna Larson-Hurst; Sister Julia Lanigan, GNSH; Sister Barbara Battista, SP; Sister Suzanne Elliott, RSM; Catherine Keevey; Sister Barbara Ann Winnals, SSJ; Ray Mattes, IHM; Sister Anna Marie Tag, RSM; and Father Juan José Gonzalez, MSpS.

The 2018 Retirement Fund for Religious campaign materials featured senior religious from the Archdiocese of Portland, Oregon. From left: Father Augustine DeNoble, OSB; Sister Christine Rausch, OSB; Sister Mary Margaret Tan, OSF; Brother Martin Gonzales, OCSO; Sister Agnes Marie Vandecoevering, SSMO; and Sister Joan Pokorny, OSB.

National Religious Retirement OfficeSponsor of the Retirement Fund for Religious

Conference of Major Superiors of MenCouncil of Major Superiors of Women ReligiousLeadership Conference of Women ReligiousUnited States Conference of Catholic Bishops

20201001

Printed on Neenah Environment 100% postconsumer waste recycled paper.

Project Management and Writing: Beth Kennedy Design and Print Coordination: Rob Henning Design Photographer: Jim Judkis (except as noted)

© 2019 United States Conference of Catholic Bishops, Washington, DC. All rights reserved.

Documents

National Religious Retirement Office · 2019-08-23 · National Religious Retirement Office . 2018 Annual Report . 1. Greetings from the Executive Director . Dear Friends, Once again,