Collection Will Support Elderly Catholic Sisters,Brothers and Religious Order Priests Author: Diocese of Fall River In the News 29 Nov 2018 Share The annual Retirement Fund for Religious collection will be held Dec. 8-9 in the Diocese of Fall River. Coordinated by the National Religious Retirement Office (NRRO) in Washington, the appeal benefits 31,000 elderly Catholic sisters, brothers and religious order priests. The Diocese of Fall River donated $129,634.98 to the last collection. In 2018, the Congregation of the Sacred Hearts, whose central house is located in the diocese, received financial support made possible by the Retirement Fund for Religious. Almost 94 percent of donations aid senior religious and their communities, with the remaining funds used for administration and promotion of the national appeal. The 2017 collection raised just over $28 million, and the NRRO disbursed $25 million to 360 religious communities for the direct care of elderly members. Communities combine these funds with their own income and savings to help furnish necessities such as medications and nursing care. Throughout the year, additional funding is allocated for congregations with critical needs and for retirement planning and educational resources. Religious communities apply annually for financial support from the national collection, and distributions are sent to each eligible community’s central house. Although women and men religious often minister outside their home dioceses, they may benefit from the allocations disbursed to their individual orders. “Donations to the Retirement Fund for Religious have a far-reaching impact,” said Presentation Sister Stephanie Still, the NRRO’s executive director. “Most importantly, they help communities care for aging members, but they also underwrite initiatives aimed at addressing the underlying causes of the funding shortages.” Religious orders are financially autonomous and thus responsible for the support of all members. Traditionally, Catholic sisters, brothers, and religious order priests—known collectively as women and men religious—served for little to no pay. Today, hundreds of orders lack sufficient retirement savings. Of 547 communities providing data to the NRRO, only 4 percent are adequately funded for retirement. Compounding the financial crisis are the rising cost of care and the increasing number of those needing care. Catholic bishops of the United States initiated the national collection in 1988 to help address the deficit in retirement funding among U.S. religious communities. Since the collection was launched, U.S. Catholics have donated $844 million to the appeal, helping many communities stabilize their retirement outlook. “We are overwhelmed by the ongoing generosity toward the annual appeal and by the love and thanksgiving for the service of our elder religious,” said Sister Still. “Our office is committed to stewarding these funds in ways that help religious communities care for older members while continuing to serve the People of God.” Visit retiredreligious.org to learn more. Diocese of Fall River Office of Communications Categories In the News Press Releases and Statements Messages from The Bishop Bishop's Blog Success Stories Photo Gallery Videos Previous Next Related Posts In the News 1 Dec 2020 December Appeal Assists Elderly Sisters, Brothers, Priests in Religious Orders The Diocese of Fall River will hold the Retirement Fund for Religious collection December 12-13. The National Religious Retirement Office (NRRO) coordinates this nationwide annual appeal and distributes the proceeds to … Read More In the News 2 Dec 2021 Collection Helps Aging Religious Sisters, Brothers, Priests FALL RIVER — The Diocese of Fall River will hold the Retirement Fund for Religious collection at December 11-12 weekend Masses. The parish-based appeal is coordinated by the National Religious … Read More In the News 28 Nov 2023 December Special Collection Supports Care of Aging Religious FALL RIVER — Parishes in the Diocese of Fall River will take up the annual Retirement Fund for Religious collection at Masses on the weekend of December 9-10. Catholic sisters, … Read More