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Wednesday, November 15, 2006
Catholic parishes throughout the United States will conduct the 19th annual national appeal for the Retirement Fund for Religious on December 10
November 2006
FOR IMMEDIATE RELEASE
CONTACT: Ginny Cunningham
412.441.2389
Email: g.ginnywrites@verizon.net
In 2005, this appeal, which is sponsored by the National Religious Retirement Office (NRRO) of the U.S. Conference of Catholic Bishops in Washington, DC, distributed $22 million in Basic Grants to 525 of the nation's Catholic religious institutes.
"I'm deeply grateful for the response that this appeal has generated," says Sister Andrée Fries, a Sister of the Most Precious Blood of O'Fallon, Missouri, and executive director of the National Religious Retirement Office. That response is unprecedented in Catholic Church history in the U.S. and benefits elderly Catholic nuns, brothers, and order priests most vividly remembered by donors for their work in education and healthcare. "On behalf of all those faithful women and men who now humbly face the challenges of aging, I thank you," says Sister Fries.
The education provided by religious in earlier decades was free or affordable thanks to the lifelong dedication of religious who earned small stipends.
The total cost of living for the 37,000 women and men religious past age 70 throughout the U.S. totaled more than $925 million in 2005. Escalating health care costs dramatically affect religious' capacity to fund retirement, though most institutes engage in strategic planning, fundraising, and cost-cutting initiatives that enable care for frail, senior members.
Since 1988, this appeal has raised almost $500 million. As autonomous organizations, Catholic religious institutes are not covered by church or diocesan retirement plans. One out of every five institutes that provide data to NRRO can pay less than 20 percent of projected costs. More than 95 percent of donations are applied directly to the mission of the Retirement Fund for Religious.
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View the Retirement Fund for Religious Annual Report at www.usccb.org/nrro
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About Religion Press Release Services
Religion Press Release Services distributes press releases, press advisories, photos and other stories on behalf of religious organizations, denominational offices, think tanks, watchdog groups, advocacy groups, coalitions, foundations, colleges, universities, seminaries, publishers and others.
The organizations and/or individuals who submit materials for distribution by Religion Press Release Services are solely responsible for the facts in and accuracy of their materials. Religion Press Release Services will correct any errors brought to its attention.
Contact Us
To distribute press releases through Religion Press Release Services, contact Claudia Sans at csans@religionnews.com or 202-383-7870. For more information check out our PDF brochure.
Religion News Service, 1101 Connecticut Ave. NW, Washington, DC 20036 (202) 463-8777
FOR IMMEDIATE RELEASE
CONTACT: Ginny Cunningham
412.441.2389
Email: g.ginnywrites@verizon.net
In 2005, this appeal, which is sponsored by the National Religious Retirement Office (NRRO) of the U.S. Conference of Catholic Bishops in Washington, DC, distributed $22 million in Basic Grants to 525 of the nation's Catholic religious institutes.
"I'm deeply grateful for the response that this appeal has generated," says Sister Andrée Fries, a Sister of the Most Precious Blood of O'Fallon, Missouri, and executive director of the National Religious Retirement Office. That response is unprecedented in Catholic Church history in the U.S. and benefits elderly Catholic nuns, brothers, and order priests most vividly remembered by donors for their work in education and healthcare. "On behalf of all those faithful women and men who now humbly face the challenges of aging, I thank you," says Sister Fries.
The education provided by religious in earlier decades was free or affordable thanks to the lifelong dedication of religious who earned small stipends.
The total cost of living for the 37,000 women and men religious past age 70 throughout the U.S. totaled more than $925 million in 2005. Escalating health care costs dramatically affect religious' capacity to fund retirement, though most institutes engage in strategic planning, fundraising, and cost-cutting initiatives that enable care for frail, senior members.
Since 1988, this appeal has raised almost $500 million. As autonomous organizations, Catholic religious institutes are not covered by church or diocesan retirement plans. One out of every five institutes that provide data to NRRO can pay less than 20 percent of projected costs. More than 95 percent of donations are applied directly to the mission of the Retirement Fund for Religious.
####
View the Retirement Fund for Religious Annual Report at www.usccb.org/nrro
*****
About Religion Press Release Services
Religion Press Release Services distributes press releases, press advisories, photos and other stories on behalf of religious organizations, denominational offices, think tanks, watchdog groups, advocacy groups, coalitions, foundations, colleges, universities, seminaries, publishers and others.
The organizations and/or individuals who submit materials for distribution by Religion Press Release Services are solely responsible for the facts in and accuracy of their materials. Religion Press Release Services will correct any errors brought to its attention.
Contact Us
To distribute press releases through Religion Press Release Services, contact Claudia Sans at csans@religionnews.com or 202-383-7870. For more information check out our PDF brochure.
Religion News Service, 1101 Connecticut Ave. NW, Washington, DC 20036 (202) 463-8777
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About Religion Press Release ServicesReligion Press Release Services distributes press releases, press advisories, photos and other stories on behalf of religious organizations, denominational offices, think tanks, watchdog groups, advocacy groups, coalitions, foundations, colleges, universities, seminaries, publishers and others. The organizations and/or individuals who submit materials for distribution by Religion Press Release Services are solely responsible for the facts in and accuracy of their materials. Religion Press Release Services will correct any errors brought to its attention.
Contact Us
To distribute press releases through Religion Press Release Services, contact Claudia Sans at csans@religionnews.com or 202-383-7870. For more information check out our PDF brochure.
Religion News Service, 1101 Connecticut Ave. NW, Washington, DC 20036 (202) 463-8777
