Our Mission Makes a Difference
I am so humbled by being called to the religious life. Jesus is my best friend. As the years go by my relationship with our Lord only deepens.
The Foundation for Religious Retirement, Inc. is a not-for-profit corporation created to raise funds to support the retirement needs of Sisters whose communities are headquartered in the Archdiocese of Milwaukee.
Things are different today.
Years ago the salaries and stipends earned by young women who entered religious life ensured the care of elderly Sisters. But since the 1960’s, the number of women entering religious communities has dropped significantly therefore reducing earned income. What’s more, demographic trends show the number of retired Sisters will significantly outnumber the working Sisters who contribute income. Another factor for dwindling retirement resources is increased healthcare expenses and a growing number of elderly Religious who now live in assisted living or nursing facilities.
In the early 1980’s it became clear that women Religious Orders were facing a crisis in funding the support of their retired Sisters. With fewer and fewer wage earners joining Religious Life, and costs of care for retired Sisters growing, it became obvious that financial help would need to come from other sources. The Foundation for Religious Retirement, Inc. was created in 1987 to help religious communities of women in the Archdiocese of Milwaukee support the needs of their retired Sisters. A year later, the National Religious Retirement Office opened with a similar purpose but on a national level.
The Foundation raises funds through newsletter subscriptions, special one-time financial gifts, memorials, and bequests throughout the year. The Foundation annually distributes these donations to Religious Orders of women in the Archdiocese of Milwaukee based on a formula that factors the financial situation of each Religious Order. Over 90% of the donated monies directly fund the retirement needs of the sisters.