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National Religious Retirement Office 2019 Annual Report Supplement

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National Religious Retirement Office 2019 Annual Report Supplement National Religious Retirement Office 2019 Annual Report Supplement Funding Status In 2019, 531 religious communities provided data to the National Religious Retirement Office (NRRO) regarding their assets available for retirement. From this information, the NRRO calculated the extent to which a community is adequately funded for retirement. Shown below are the number of religious institutes at each level of funding and the total number of women and men religious represented by these institutes. Retirement Funding Status and Membership of 531 Participating Religious Institutes Amount Number of Institutes Total Members Funded* Women’s Men’s Total 0–20% 172 44 216 18,963 21–40% 35 10 45 4,791 41–60% 43 13 56 5,104 61–80% 34 22 56 2,752 81–99% 97 32 129 5,865 Adequately 22 7 29 1,115 Total 403 128 531 38,590 *The percentage of retirement funded is based Each symbol represents approximately 500 religious. on designated assets as of December 31, 2019. Women Men Cover photo (from left): Sister Alice Garcia, SSCJ; Brother Martin Gonzales, OCSO; Sister Theresa McGrath, CCVI; Sister Anne Cecile Muldoon, OSU; Abbot Emeritus Peter Eberle, OSB. From the Executive Director Dear Friends, It is a privilege to share this supplement to the National Religious Retirement Office (NRRO) annual report. These pages detail the far-reaching impact of donations to the Retirement Fund for Religious collection. For highlights from 2019 and information on contributions, see the annual report at retiredreligious.org.* Although the collection has helped numerous religious communities transform their retirement-funding deficits into manageable concerns, many others continue to struggle. Of the communities providing data to the NRRO, the largest single grouping of congregations has only 20 percent or less of the funds needed for retirement (see page at left). Yet we are encouraged that the next largest grouping is approaching adequate funding. By providing monetary aid along with educational resources, the Retirement Fund for Religious assists these and all eligible communities to reduce their costs, enhance their care, and plan for long-term needs. Especially during these difficult days of Covid-19, we are thankful for the generosity that makes this assistance possible and for all who continue to support senior religious and their communities. We pray that God will watch over you and your loved ones. With gratitude, Sister Stephanie Still, PBVM Executive Director * Hard copies of the annual report and/or supplement can be requested through our office. Please see the inside back cover for contact information. National Religious Retirement Office 2019 Annual Report Supplement 1 Fund Distributions Distributions History Since 1988, more than $863 million has been disbursed to religious institutes through Basic Grants/Direct Care Assistance and other funding to support the care of senior members. Women’s Institutes Men’s Institutes Collection Year Number Distributions Number Distributions Direct Care Assistance* Year 1, 1988 383 $20,625,519.87 83 $1,784,726.98 Year 2, 1989 466 17,185,779.40 124 2,136,613.57 Year 3, 1990 483 22,803,714.49 137 2,982,399.54 Year 4, 1991 457 18,094,155.69 138 2,605,844.31 Year 5, 1992 481 18,886,678.04 138 2,798,149.96 Year 6, 1993 503 20,037,614.71 144 2,990,316.40 Year 7, 1994 507 21,271,190.33 147 3,121,678.22 Year 8, 1995 493 20,499,187.78 143 3,000,812.22 Year 9, 1996 392 21,525,978.57 112 2,858,470.50 Year 10, 1997 405 22,723,003.53 119 3,280,539.30 Year 11, 1998 388 24,103,504.85 110 3,121,495.43 Year 12, 1999 386 21,868,188.81 110 3,165,740.38 Year 13, 2000 395 24,013,767.90 101 3,486,232.12 Year 14, 2001 426 23,797,328.81 112 3,202,671.23 Year 15, 2002 446 20,257,492.92 116 2,742,507.13 Year 16, 2003 424 17,341,105.87 119 2,590,623.98 Year 17, 2004 415 17,927,455.66 112 2,760,666.07 Year 18, 2005 418 20,149,699.31 111 2,957,975.39 Year 19, 2006 402 19,925,324.16 113 3,074,675.82 Year 20, 2007 369 19,591,006.55 113 3,408,993.58 Year 21, 2008 366 19,557,852.08 119 3,463,505.60 Year 22, 2009 363 19,357,292.13 114 3,683,135.27 Year 23, 2010 356 19,062,928.87 113 3,937,071.14 Year 24, 2011 341 18,809,588.72 112 4,190,411.33 Year 25, 2012 331 18,879,780.20 109 4,130,803.60 Year 26, 2013 320 18,728,866.18 104 4,271,133.92 Year 27, 2014 293 19,743,487.35 102 5,311,189.22 Year 28, 2015 295 19,303,664.94 106 5,696,335.08 Year 29, 2016 281 19,240,258.57 109 5,759,741.49 Year 30, 2017 256 18,738,984.16 104 6,261,015.92 Year 31, 2018 258 20,819,538.88 102 7,180,461.16 Year 32, 2019 240 17,920,868.30 101 7,079,131.80 Subtotal — 642,810,807.63 — 119,035,067.66 Other Assistance 82,740,221.37 18,438,091.39 Total — $725,551,029.00 — $137,473,159.05 Total Assistance Awarded $863,024,188.05 *Basic Grants, collection years 1–20. 2 National Religious Retirement Office 2019 Annual Report Supplement Fund Distributions Direct Care Assistance The 2019 collection for the Retirement Fund for Religious enabled the National Religious Retirement Office (NRRO) to distribute Direct Care Assistance to 341 religious institutes. These funds support the immediate care of elder religious and help religious institutes bolster retirement savings. Direct Care Assistance is an annual, per capita distribution based on specified criteria, including level of need. Funds are sent to each eligible institute’s central house. State or City Institute Number of Percentage of Distribution Territory Members Retirement Amount Not Funded (weighted average) Alabama Cullman Benedictine Sisters 34 29.82 $48,070.65 Benedictine Society of Alabama 27 83.79 24,380.76 Hanceville Poor Clares of Perpetual Adoration 14 60.45 6,427.97 Arizona Nogales Minim Daughters of Mary Immaculate 11 96.76 30,884.75 Phoenix Canons Regular of the Order of the Holy Cross 35 31.84 51,973.58 Sonoita Santa Rita Abbey 11 35.31 15,109.57 Tucson Sisters of the Immaculate Heart of Mary 14 92.98 54,521.85 Arkansas Little Rock Discalced Carmelite Nuns 14 66.30 19,817.60 Subiaco Benedictines of Subiaco Abbey 39 70.92 50,497.22 California Alhambra Carmel of St. Teresa 12 95.77 15,539.97 Carmelite Sisters of the Most Sacred Heart 129 89.88 201,520.50 Big Sur Camaldolese Monks, Order of St. Benedict 17 94.25 32,685.83 Bonita Sister Servants of the Blessed Sacrament 45 78.42 54,096.95 Burlingame Capuchin Franciscan Order 43 33.60 41,305.59 Castro Valley Conventual Franciscans 40 86.99 44,123.65 Encino Sisters of Social Service 63 77.20 135,403.28 Garden Grove Poor Clare Missionary Sisters 41 99.44 40,750.36 Gardena Lovers of the Holy Cross of Los Angeles 66 62.83 33,617.59 Los Angeles Franciscan Brothers 8 70.55 17,087.30 Missionaries Guadalupanas of the Holy Spirit 44 81.24 93,168.16 Monastery of the Angels 15 49.92 25,413.62 Los Banos Franciscan Hospitaller Sisters 15 78.51 36,158.87 Millbrae Holy Ghost Fathers of Ireland 14 98.19 44,204.62 Northridge Sisters of the Pious Schools 24 94.68 17,655.98 Society Devoted to the Sacred Heart 46 42.82 33,485.58 Oakland Franciscan Friars 153 76.72 291,818.19 Oceanside Prince of Peace Abbey 23 48.65 20,990.43 Oxnard Religious Missionaries of St. Dominic, Inc. 16 92.09 34,653.06 Rancho Palos Verdes Daughters of Mary and Joseph 33 10.99 49,510.41 National Religious Retirement Office 2019 Annual Report Supplement 3 Fund Distributions Direct Care Assistance, continued State or City Institute Number of Percentage of Distribution Territory Members Retirement Amount Not Funded (weighted average) California, Redlands Discalced Carmelite Friars $39,438.43 continued Oblatas de Santa Marta 31 99.01 73,954.25 Riverside Society of the Divine Word 59 86.53 64,431.49 San Diego Carmelite Monastery of San Diego 15 74.44 26,830.45 San Francisco Salesian Society of Don Bosco 70 7.98 43,546.11 Verbum Dei Missionary Fraternity 25 94.51 2,951.00 Santa Maria Josephite Fathers 11 1.90 4,479.30 Santa Rosa Marian Sisters of Santa Rosa 1,063.19 Solana Beach The Eudists—Congregation of Jesus and Mary 13 73.07 19,649.51 Thousand Oaks Sisters of Notre Dame 50 46.85 78,012.55 Tustin Order of the Company of Mary Our Lady 32,366.18 Valyermo Benedictine Monks 21 89.93 31,430.72 Vina New Clairvaux Abbey 16 71.24 21,630.01 Whitethorn Redwoods Monastery 10 79.61 12,566.55 Colorado Colorado Springs Benet Hill Monastery 28 47.52 68,227.79 Denver Capuchin Franciscans 57 66.56 88,143.99 Capuchin Poor Clares 9 96.33 8,950.90 Connecticut Baltic Sisters of Charity of Our Lady, 50 77.76 56,146.40 Mother of the Church Bethlehem Benedictine Congregation 35 44.40 35,201.99 East Haven Sisters of Charity of Our Lady Mother of Mercy 6 31.94 10,596.72 Hamden Apostles of the Sacred Heart of Jesus 110 22.44 92,820.64 Meriden Franciscan Sisters of the Eucharist 79 36.76 66,812.43 Middletown Daughters of Our Lady of the Garden 12 83.20 16,973.46 Newington Sisters of St.
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