S T A T E M E N T O F A C C O U N T A B I L I T Y F O R 2 0 2 0

W W W . S O A R - U S A . O R G December 2020

Dear Benefactors and Friends of SOAR!,

It is my privilege to present a financial summary of the work of SOAR! for the July 1, 2019-June 30, 2020 fiscal year. This statement of accountability shows the financial viability of this organization. The administration of SOAR! seeks to be responsible, accountable and transparent in our financial activities.

In a year full of challenges that none of us could have anticipated, and thanks to its generous benefactors, SOAR! helped ensure the safety and dignity of thousands of aging women and men religious across the country.

This includes initiating the COVID-19 Rapid Response Grant Program, which quickly provided funds to address the needs of those suffering from the virus, their caretakers, and aging religious impacted by social isolation. These funds were distributed in June and July of this year.

Thanks to your support of these rapid response grants, communities were able to purchase PPE, sanitation supplies, and medical equipment; fund staffing costs; and make up revenue losses due to the ministry closures. The grants also supported technology updates to keep aging Sisters, Brothers, and Priests connected to their communities, families, and ministries.

In meeting the immediate needs of aging religious, the SOAR! board of directors also approved a second grant cycle at its September meeting. Two grant cycles each year, in the spring and fall, will provide more flexibility to religious congregations and allow SOAR! to thoughtfully respond to the needs of aging religious as they arise.

May God bless you for your generous care and concern for aging Sisters, Brothers and Priests.

In gratitude,

Sister Kathleen Lunsmann, IHM SOAR! President Board of Directors The Sisters taught me that I STEPHANIE MARCANTONIO New Rochelle, New York Chair could do whatever I wanted DEBORAH NEWHOUSE DUNHAM and achieve any goal I set. Annandale, Virginia Vice Chair Everything I do is a result of DAVID R. KUZMA McLean, Virginia the encouragement I Secretary EDWARD R. MORRISSEY received from these New York, New York Treasurer exceptional women and a SISTER KATHLEEN LUNSMANN, IHM reflection of the values which President Pamela Mills Brancaccio they passed on to me. Chevy Chase, Maryland Molly Corbett - Deborah Newhouse Dunham Ventura, California Marian Dondero Ocean City, New Jersey Daniel Fannin Steilacoom, Washington John F. McCauley Washington, DC Elizabeth McFarlane Reston, Virginia Mary Etta Mills Baltimore, Maryland Mary Lynn Shanahan Potomac, Maryland Marylou Sheils Washington, DC Lucas Swanepoel Washington, DC Father Manuel Williams, CR Montgomery, Alabama VADM Mathias W. Winter, USN(Ret) Alexandria, Virginia Sherry Nilles, Honorary Member National Regent Board member Deborah Newhouse Dunham delivers a Catholic Daughters of America grant to the Bernardine Franciscan Sisters in Reading, Pennsylvania in 2019. Operating Revenue and Expenses, And Changes in Net Assets, Year Ended June 30, 2020

TOTAL REVENUE, FY 2019-2020 Sources of Funds

Individual Contributions $2,081,718 Special Events CFC/Foundations/Other 11% Special Events $414,664 16% Bequests $662,822 Foundations $655,000 Combined Federal Campaign $32,013 Other $19,024 Gain on Investments and Interest ($111,587)

TOTAL INCOME $3,753,654

TOTAL EXPENSES, FY 2019 - 2020 Individual Donors 73% Programs $2,802,354 Fundraising $180,886 How are funds used? Administration $69,401

Administration Fundraising 2% 6% TOTAL EXPENSES $3,052,641

Total Public Support and Revenue $3,753,654 Total Expenses $3,052,641 Change in net assets $701,013

Net assets, beginning of year $1,488,622

Net assets, end of year $2,189,635

Program Services 92% Statement of Financial Position as of June 30, 2020

ASSETS

Current Assets Cash $697,612 Investments $1,686,284 Bequests Receivable $0 Contributions Receivable $0 Prepaid Expenses $0 Total Current Assets $2,383,896

Noncurrent Assets Office Furniture & Equipment $22,674 Accumulated Depreciation ($22,674) Investment held for Endowment $0 Security Deposits $0 Total Noncurrent Assets $0 TOTAL ASSETS $2,383,896

LIABILITIES AND NET ASSETS

Current Liabilities Accounts Payable & Accrued Expenses $15,061 Loans Payable $112,200 Deferred Revenue $0 Total Current Liabilities $127,261

Noncurrent Liabilities Capital lease, less current $0 maturities TOTAL LIABILITIES $127,261

Net Assets Without Donor Restrictions $1,420,684 Endowment $768,951 With Donor Restrictions $67,000 TOTAL NET ASSETS $2,256,635

TOTAL LIABILITIES AND NET ASSETS $2,383,896

Note: Audited financial statements accompanying the balance sheet are available upon request. SOAR! COVID-19 RAPID RESPONSE GRANTS

In June and July 2020, these grants helped congregations reduce the transmission of the novel coronavirus, provide care for their aging members, and ease the burden of decreased revenue during the pandemic.

SOAR! awarded 44 "I was a patient at Saint Catherine Convent and Healthcare Center from March 20 - July 7, during Rapid Response the pandemic. I felt truly safe there because the grants benefiting healthcare workers were well equipped with 2,817 religious. PPE...I appreciated their caution and protection and thank you for providing it." Sister Marg Jaros, OP, 77 2 0 G R A N T S Sisters of St. Dominic of Caldwell, New Jersey F O R P P E S U P P L I E S 20 grants provided PPE to prevent the spread of COVID-19.

1 3 G R A N T S F O R S O C I A L I S O L A T I O N Thirteen grants provided technology upgrades to combat social isolation.

8 G R A N T S F O R S T A F F I N G C O S T S Eight of the grants funded staffing costs to continue quality care for aging religious.

3 G R A N T S F O R L O S T R E V E N U E Three grants assisted congregations with lost revenue from impacted ministries.

Grants were awarded in both FY20 and FY21. SOAR! 2O2O Grants

ARKANSAS LOUISIANA Edmund Rice Christian Brothers Subiaco Abbey Sisters of the Holy Family Foundation Subiaco, Purchase medical equipment New Orleans, Repair plumbing New Rochelle, Replace hospital beds CALIFORNIA Congregation of Our Lady of Mount Carmel Sisters of St. Dominic of Blauvelt, NY Missionary Guadalupanas of the Holy Spirit Lacombe, Purchase lift chairs Blauvelt, Install new flooring for safety Los Angeles, Install solar panels MARYLAND Parish Visitors of Mary Immaculate of Los Angeles Missionary Servants of the Monroe, Replace infirmary roof Gardena, Purchase accessible van Most Holy Trinity Dominican Convent of Our Lady of the Daughters of Mary and Joseph Silver Spring, Install new carpet for safety Rosary, Sparkill, Renovate bathrooms for Rancho Palos Verdes, Purchase Benedictine Sisters of Baltimore accessibility adjustable beds and improve lighting Lutherville, Install handrails and upgrade Sisters of St. Dominic of Amityville Sister Servants of the Blessed Sacrament flooring/carpet for safety Amityville, Purchase accessible van Bonita, Safety repairs and renovations Mission Helpers of the Sacred Heart Sisters of St. Joseph Dominican Sisters of Mission San Jose Towson, Make safety repairs and Brentwood, Renovate medical exam rooms renovations Fremont, Replace lighting in chapel Daughters of Wisdom Franciscan Friars of California St. Joseph’s Society of the Sacred Heart Islip, Purchase accessible van Baltimore, Install stairlift Oakland, Install elevator Society of the Sisters of St. Joseph Abbey of New Clairvaux Atlantic-Midwest Province of the School Latham, Purchase furniture for aging in Vina, Replace roof over dining hall Sisters of Notre Dame, Inc. place Baltimore, Purchase lift chairs CONNECTICUT Sisters of the Presentation of the Blessed Sisters of St. Joseph of Chambery Oblate Sisters of Providence Virgin Mary, New Windsor, Purchase furniture Newington, Install carpet for Baltimore, Renovate bathrooms and for aging in place kitchen for accessibility increasedsafety Maryknoll Sisters of St. Dominic, Inc. The Apostles of the Sacred Heart of Jesus MASSACHUSETTS Maryknoll, Purchase medical and Hamden, Install new flooring for safety Benedictine Monks of Glastonbury Abbey therapeutic equipment Hingham, Purchase medical equipment Benedictine Congregation, Regina Laudis OHIO of the Strict Observance Franciscan Missionary Sisters for Africa Dominican Sisters of Peace, Columbus, Bethlehem, Update flooring for safety Brighton, Make safety repairs and Replace therapeutic whirlpool tub renovations IDAHO Sisters of St. Francis MICHIGAN Benedictine Sisters of the Monastery of Sylvania, Replace medical equipment St. Gertrude, Cottonwood, Install automatic Sisters, Servants of the Immaculate Heart of Mary — Monroe Sisters of Notre Dame, door and purchase lift chairs Toledo, Purchase lift chairs and beds ILLINOIS Monroe, Purchase accessible van Benedictine Order of Cleveland, Congregation of the Passion, Holy Cross MINNESOTA Saint John’s Abbey St. Andrew Abbey Province, Park Ridge, Renovate room for Cleveland, Upgrade boiler system physical therapy use Collegeville, Install therapeutic tub Sisters of the Most Holy Trinity Dominican Friars, Province of Euclid, Install solar panels St. Albert the Great Franciscan Province of the Sacred Heart Sisters of St. Francis, Tiffin, Purchase Chicago, Purchase furniture for aging St. Louis, Renovate room for physical adaptable furniture and beds in place and improve lighting therapy use Glenmary Home Missioners Congregation of the Resurrection NEBRASKA Chicago, Purchase motorized scooters Mount Michael Benedictine Abbey , Renovate bathrooms for Elkhorn, Install walk-in tub accessibility USA Midwest Province of the PENNSYLVANIA Missionary Society of St. Columban Chicago, Purchase therapeutic exercise St. Columbans, Purchase therapeutic Benedictine Sisters of Pittsburgh equipment exercise equipment Bakerstown, Purchase therapeutic exercise equipment Benedictine Sisters of Chicago NEW JERSEY Chicago, Renovate infirmary kitchen Sisters of Saint Dominic of Caldwell, NJ Sisters of St. Joseph of Northwestern PA Caldwell, Upgrade technology Erie, Purchase pressure mattresses and Conventual Franciscan Friars of St. cushions Bonaventure Province Missionary Society of the Salesian Sisters Chicago, Replace HVAC system Haledon, Purchase generator Benedictine Sisters of Erie, Inc. Erie, Renovate kitchen for accessibility INDIANA Missionary Franciscan Sisters Sisters of St. Benedict of Ferdinand, IN Tenafl, Replace windows Sisters of Saints Cyril and Methodius Ferdinand, Replace HVAC system of Saint Elizabeth Danville, Replace dining room chairs Sisters of Providence Convent Station, Install guardrail Sisters, Servants of the Immaculate Heartof Saint Mary-of-the Woods, Replace water- NEW YORK Mary — Scranton, Scranton, Purchase damaged walls Oblates to the Blessed Trinity furniture for aging in place KANSAS Bronx, Convert tub to accessible shower Sisters of the Order of Saint Basil the Great, St. Benedict’s Abbey Franciscan Sisters of the Atonement Jesus Lover of Humanity Province Atchison, Renovate infirmary shower room Garrison, Purchase furniture for Jenkintown, Replace windows Mount St. Scholastica aging in place of the Americas, Mid- Atchison, Purchase physical therapy Missionary Sisters of the Atlantic, Merion, Install security system equipment of St. Francis Missionary Servants of the Most Blessed Sisters of St. Joseph Peekskill, Upgrade infirmary Trinity, Philadelphia, Purchase furniture for Concordia, Purchase hospital bed flooring for safety aging in place CONTINUED SOAR! 2O2O Grants (continued)

Daylesford Abbey, Paoli, Renovate bedrooms SOUTH CAROLINA VIRGINIA and bathrooms for accessibility Sisters of Charity of Our Lady of Mercy, Our Lady of the Angels Monastery Sisters, Servants of the Immaculate Heart Charleston, Purchase lift chairs andhospital Crozet, repairs and renovations of Mary – Malvern mattresses WISCONSIN Malvern, Purchase wheelchair sanitizer Franciscan Monastery of St. Clare School Sisters of St. Francis Bernardine Franciscan Sisters Travelers Rest, Install hearing loop Milwaukee, Renovate infirmary kitchen Reading, Purchase medical equipment VERMONT Sinsinawa Dominicans, Inc. Sisters of Divine Providence Benedictine Monastery Sinsinawa, Purchase furniture for Allison Park, Make structural repairs Westfield, Install accessible shower aging in place following earthquakes

SOAR! 2020 COVID Rapid Response Grants

CALIFORNIA Sisters of Saint Dominic of Caldwell, NJ Sisters of St. Francis Our Lady of the Redwoods Abbey Caldwell, fund cost of additional food Sylvania, purchase electronic tablets Whitehorn, fund lost revenue service supplies and PPE PENNSYLVANIA The Apostles of the Sacred Heart of Jesus* NS CANADA Sisters of Saints Cyril and Methodius* Hamden, purchase ipads and medical Sisters of Charity, Halifax Danville, make technology upgrades for equipment Halifax, purchase food delivery carts community prayer DELAWARE NEW YORK Sisters of St. Joseph of Northwestern PA Oblates of St. Francis de Sales, * Erie, purchase PPE, HEPA air filtration Wilmingto, fund lost revenue Bronx, fund ride costs for medical aide staff system, and upgrade technology IDAHO Congregation of the Passion Missionary Servants of the Benedictine Sisters of the Monastery of (Eastern Province)* Most Blessed Trinity St. Gertrude Rye Brook, fund staffing costs and Philadelphia, purchase PPE and disposable Cottonwood, fund staffing costs and lost purchase PPE, sanitizer, plexiglass shields food service items revenue Sisters of St. Dominic of Blauvelt, NY* Daylesford Abbey ILLINOIS Blauvelt, purchase PPE, medical screening Paoli, purchase PPE and install Congregation of the Passion, Holy equipment, and sanitation supplies livestreaming equipment Cross Province Sisters of Charity of St. Vincent DePaul Sisters, Servants of the Immaculate Heart Park Ridge, fund staffing costs New York of Mary — Malvern KANSAS Bronx, purchase PPE and sanitation Malvern, purchase PPE and medical Sisters of St. Joseph supplies, upgrade technology equipment Concordia, purchase sanitization supplies Dominican Convent of Our Lady of the Bernardine Franciscan Sisters and air purifiers Rosary Reading, purchase PPE, sanitation LOUISIANA Sparkill, purchase PPE and sanitizing supplies, and medical equipment Sisters of the Holy Family supplies Sisters of St. Francis of Philadelphia New Orleans, fund staffing costs and Sisters of St. Dominic of Amityville Aston, purchase PPE supplies purchase PPE, sanitizing supplies, vitamins Amityville, purchase kitchen and food prep Carmelite Community of the Word Congregation of Our Lady of Mount Carmel supplies to prepare socially distanced Gallitzin, purchase PPE supplies and Lacombe, puchase laptops and iPhones meals equipment for isolated Sisters Sisters of St. Joseph Congregation of the Sisters, Servants MASSACHUSETTS Brentwood, purchase PPE and medical of the Immaculate Heart of Mary* Discalced Carmelite Nuns of Danvers supplies Scranton, install stairlift Danvers, fund staffing costs and purchase Sisters of the Presentation of the SOUTH CAROLINA PPE Blessed Virgin Mary of the Strict Observance Benedictine Monks of Glastonbury Abbey New Windsor, purchase electronic tablets () Hingham, fund staffing costs Sisters of St Ursula of the Blessed Virgin of Moncks Corner, fund staffing costs MARYLAND New York TEXAS Mission Helpers of the Sacred Heart Rhinebeck, fund additional staffing costs Benedictine Sisters (Congregation of Towson, purchase electronic tablets OHIO Benedictine Sisters) Benedictine Sisters of Baltimore Sisters of St. Francis* Boerne, fund lost revenue Lutherville, upgrade technology to Tiffin, purchase iPads and covers Congregation of Divine Providence decrease social isolation and continue Dominican Sisters of Peace San Antonio, purchase electronic tablets ministries Columbus, purchase PPE, sanitization and install safety cameras NEBRASKA supplies, medical supplies, and disposible WISCONSIN Mount Michael Benedictine Abbey* food service supplies School Sisters of St. Francis* Elkhorn , make technology upgrades to Sisters of Notre Dame — Toledo, Ohio Milwaukee, purchase PPE, medical WiFi Toledo, purchase PPE, sanitazation equipment, and sanitation supplies NEW JERSEY supplies, iPads, and exercise equipment Order of the Ministers of Sisters of Charity of Saint Elizabeth Comboni Missionaries of the Heart of Jesus Infirm (St. Camillus)* Convent Station, install livestream Cincinnati, fund building sanitation and UV Wauwatosa, purchase PPE, medical technology light ionization generator installation expenses, and lost revenue *Please note, these grant awards are FY20 and were awarded in June 2020. All others were awarded in July 2020 and apply to FY21. In May, a group of IHM Sisters visited the aging Sisters living at Our Lady of Peace Residence in Scranton, Pennsylvania to pray the rosary with them. The Sisters came out on their balconies and looked out their windows to pray together. They had been isolating since March and it was the first time many have seen each other in months.

SOAR! raises funds and provides grants to help aging Catholic Sisters, Brothers and Priests live with dignity and grace.