The annual collection for the Retirement Fund for Religious benefits about 32,000 retired men and women who have served in religious orders throughout their lives.
Last year’s collection raised nearly $30.7 million for the fund. The Archdiocese of Louisville contributed $100,618 to the fund in 2016.
According to a press release from the National Religious Retirement Office, which coordinates the fund, about 94 cents of each dollar donated aids senior religious. The fund disburses money to religious communities each year. Last year, funds were distributed to 390 religious communities.
Presentation Sister Stephanie Still, executive director of the office, said in the release, “We are humbled and profoundly grateful for the love and support of Catholics across the nation.”
Religious communities use the funds to “bolster retirement savings” and subsidize expenses, such as prescription medicine and nursing care, the release said.