Last year, the Archdiocese of New Orleans donated $224,834.55 to the collection. In 2020, the Benedictine Monks, Congregation of Our Lady of Mt. Carmel, Daughters of Our Lady of the Holy Rosary, Franciscan Poor Clares, Sisters of St. Benedict, Sisters of the Holy Family, Society of St. Teresa of Jesus and the Southern Dominican Province of St. Martin de Porres received a combined total of $539,480.93 in financial support made possible by the Retirement Fund for Religious.
“The generosity of U.S. Catholics enables us to continue our ministry for aging women and men religious,” said Presentation Sister Stephanie Still, the NRRO’s executive director. “We are overwhelmed with gratitude.”
Historically, Catholic sisters, brothers and religious order priests served for little to no pay. Today, many religious communities lack sufficient retirement savings. Of 531 communities providing data to the NRRO, only 29 are adequately funded for retirement. Rising health-care costs and a growing number of senior members compound the challenge to meet retirement expenses.
The 2019 collection raised $26.2 million, and in June, the NRRO disbursed $25 million in financial assistance to 341 religious communities. Throughout the year, additional funding is allocated for resources and services that help communities improve eldercare delivery and plan for long-term retirement needs. For example, a new online webinar offers professional guidance on adapting care protocols to address issues arising from the coronavirus pandemic.
“During these trying times, we know the best way to support senior religious is to continue helping their communities address retirement and eldercare challenges,” said Sister Still. “Our grateful prayer is with all whose love and generosity sustain this mission.”