Each year, the Retirement Fund for Religious (RFR) provides funding to hundreds of eligible religious communities to help underwrite the day-to-day care of senior members and to bolster retirement savings. Special consultative and financial support is also available for communities with critical shortages in retirement funding.
Below, click on a photo to read how RFR programs help religious communities care for senior members.
At a 2009 chapter meeting, members of the Congregation of Divine Providence concluded that they could no longer afford to maintain their buildings and land while continuing to provide quality elder care. With inadequate retirement funding and underutilized facilities, the sisters recognized that reliance on Providence required a willingness to look at their future with open hearts and minds. Financial and consultative support, made possible by the Retirement Fund for Religious, helped the community identify creative solutions to their property and eldercare challenges. The resulting retirement strategy has led to improved care and increased long-term funding.
In 2009, the Benedictines of Subiaco Abbey were among the first religious communities to enter Planning and Implementation Assistance, a program of consultative and financial support made possible by the Retirement Fund for Religious. Since completing the process, the community has continued to expand long-term planning efforts and has undertaken a successful capital campaign. The resulting retirement strategy ensures quality care for senior members while promoting continued viability for the Subiaco Benedictines and their ministries.
Read their story (PDF).