10-longe | looki-young
bold = Main text
Chapter, § grey = Comment text
501 0,3 | the way, even when we are looking for criteria for the best
502 4,32 | generosity and trust in the Lord. We must not be afraid to
503 6 | individualism, which makes people lose their sense of living in
504 5 | rather it must be based on love, expressed in the form of
505 3,16 | financial decisions are mainly made at provincial level
506 1,8 | indiscriminate accumulation. We must maintain and enrich this good tradition
507 6 | subsidies~ aiming for and maintaining financial self-sufficiency
508 5,44 | no one owns the assets he manages. Nothing we manage or donate
509 4,38 | managed in a professional manner can result in having enough
510 6 | work ethic” that includes manual labour, and a certain austerity
511 6 | in the global financial market.~ Another aspect is the
512 6 | founders, who knew how to marry trust in Providence with
513 1,6 | can live and work without massive resources but one must always
514 5,49 | on the Father, not to be materialistic but to be prudent in the
515 6 | Each Institute to make materials it has produced regarding
516 0,3 | especially the Gospel of Matthew, who was a former tax gatherer.
517 6 | management that aims for maximum returns no matter what the
518 0,3 | poverty, but that does not mean that we have the right to
519 4,30 | to specify precisely the meaning and extent of collective
520 5,49 | generous in sharing without measure. In a word, we must use
521 3,18 | and must be concerned with meeting the demands of religious
522 5,40 | Religious Institute one meets with a variety of intersecting
523 6 | plans made with a Western mentality, which do not correspond
524 0,3 | altruism” (John Paul II, Message on 1 January 2000, no. 15).~ ~-
525 6 | solidarity must also be kept in mind.~- We must determine which
526 5,42 | live in solidarity and his ministry must aim to create groups
527 5,58 | Sometimes we must work in minor ways to bring about change
528 6 | culture, health, spirituality, missio ad gentes… are some expressions
529 3,20 | term. Undoubtedly, the new missionary fronts are having an effect
530 1,9 | of mystery that led to a mistaken attitude to money and the
531 6 | clear enough problems and misunderstandings may arise, so clear criteria
532 4,36 | we should demonstrate how misuse of assets has brought about
533 6 | necessary to demonstrate a moderate and sober lifestyle within
534 0,Pre| the USG Assembly for the month of May 2002. Before embarking
535 6 | provide financial support to morally dubious or anti-social activities.
536 5,49 | spirituality is to be our motivation in managing and utilising
537 2,15 | general level.~ ~These are the motives that inspire our study and
538 5,57 | pressure on Governments and multinational companies. We must be part
539 6 | be desirable to create a Multiple-Section, Single Joint Investment
540 6 | study awards)~ Loan fund~ Mutual fund~- Structures:
541 1,9 | surrounded by an excessive air of mystery that led to a mistaken attitude
542 5,44 | everything we do is done in the name of the Religious Institute.
543 6 | already exist, with different names, structures and purposes:~
544 0,3 | from being enclosed in a narrow utilitarian perspective
545 6 | contemporary society, must necessarily have large amounts of capital
546 4,36 | practice of poverty has been neglected.~ ~
547 1,10 | are interconnected. The neo-liberalist capitalism that is the rule
548 6 | develop a communications network to enable the possibility
549 | Nevertheless
550 6 | national governments, the EU, NGOs, foundations, etc.) and
551 6 | Sharing and advice from non-religious consultants~ - A “community”
552 | nonetheless
553 | nor
554 6 | special courses as part of normal formation.~- Training
555 6 | the South instead of the North.~ ~ c. Help our brothers
556 3,20 | in outlying areas of the northern hemisphere, are not self-sufficient
557 6 | of CULTURE~ - It has been noted that there is generally
558 1,7 | inappropriate behaviour have been noticed in a number of areas, including
559 5,39 | single community there may be notorious inequalities in the use
560 4,24 | that is most widespread nowadays. This can help us to act
561 4,26 | of poverty, but also of obedience, since there are laws of
562 6 | of it, but to make it an object of interest and training.~ ~ ~
563 6 | does not relieve us of the obligation to produce something. We
564 5,49 | remember that the Gospels oblige us to ensure that what we
565 3,19 | assets are produced. It is obvious that over the centuries
566 0,2 | an alternative to what is offered by neo-liberalism, and a
567 6 | Envisage a “commission” (office or department) of the USG
568 6 | this point obviously needs on-going examination and comparison
569 | Once
570 4,38 | solidarity that really operates where it is needed, become
571 6 | to us is part of that co‑operation.~- Certain kinds of mission
572 6 | internal audit of the financial operations of the Institute;~-
573 4,29 | of such administration: opportunities for auditing and consultation;
574 6 | against poverty that is oppressing the human race.~- We should
575 6 | 3) The way forward~ ~ a. Organise training sessions for the
576 5,49 | income and at producing organised and transparent administration.~ ~ ~
577 6 | economic responsibilities, will orient and guide us towards new
578 6 | from their countries of origin to support the mission.
579 4,28 | define clearly the sometimes original administrative approach
580 6 | co-operate with actions that originate from God; careful management
581 6 | of the Gospels and of our origins. In this way, with creative
582 | ours
583 6 | and Province; the need for outline plans and estimated BUDGETS.~
584 3,20 | developing countries or in outlying areas of the northern hemisphere,
585 6 | administrators, rather than outright owners, of these assets.~ ~
586 6 | formation and a clearly visible outward expression of this value.~
587 5,47 | congregations, extending outwards to work in and produce an
588 6 | the Congregation so as to overcome parish jealousies and individualism.~ ~
589 6 | administrators, rather than outright owners, of these assets.~ ~2. Every
590 5,44 | the religious life no one owns the assets he manages. Nothing
591 6 | Congregation so as to overcome parish jealousies and individualism.~ ~
592 0,3 | globalisation makes this theme particularly urgent. We know that our
593 6 | funding agencies and mission partners;~- Ensures that
594 0,3 | hidden in a field and a pearl of great price (Mt 13, 44-
595 4,29 | a simple and prophetic (perceptive and forward-looking) lifestyle
596 6 | capital available in order to perform their service. Such activities
597 4,28 | now this service has been performed with honesty, but with little
598 | Perhaps
599 0,3 | in a narrow utilitarian perspective which leaves very little
600 3,18 | those who take the decisions pertaining to those policies need training,
601 5,41 | cultural, psychological, physical and spiritual development
602 1,8 | congregations have been pioneers in good asset management
603 5,49 | Furthermore, the Gospels plainly invite us to be generous
604 6 | What role does Providence play in our lives? Is our lifestyle
605 6 | The special part to be played by the general administration
606 3,18 | Provincial Treasurers, are playing a more important role; they
607 6 | prospects (carried out by the plenary council of the community),
608 6 | shared their experiences.~ * Plurality and richness of identities,
609 6 | public.~It should also be pointed out that we must know how
610 6 | this subject from three points of view:~1. challenges~2.
611 5,50 | everything into a common pool is a prophetic sign for
612 6 | is essential to help the poorer Provinces.~ ~3) Sharing
613 6 | favour of those who are poorest~ the need to be more courageous
614 6 | incompetent; they may feel poorly motivated or at best not
615 0,3 | we can to reduce it. The Pope invited us to try to do
616 1,10 | finance) has not been very popular amongst religious and yet
617 3,16 | destined to provide aid; portfolio management; the new Canon
618 6 | for ethical monitoring of portfolios to meet the demands of our
619 5,48 | commitment represents the visible portion of a profound spirituality.
620 6 | important foresight. More positively, we should support and invest
621 6 | forefront.~ - We need to provide PRACTICABLE SYSTEMS that will give COMMITMENT
622 0,3 | 14,28); Jesus is full of praise for the good administrator (
623 6 | is above and which takes precedence over provincial and local
624 4,30 | is important to specify precisely the meaning and extent of
625 6 | religious institute.~ ~ ~ROLE~ ~Preliminary note:~- Should be
626 4,28 | honesty, but with little preparation in the area of finance and,
627 3,18 | Institutes. How can they be prepared to take the decisions that
628 6 | the Institute;~- Prepares the accounts for external
629 6 | RECOMMENDATIONS:~ ~- Presence of the General Treasurer
630 6 | forward~ ~We will begin our presentation with lifestyles.~ ~1. LIFESTYLES~ ~
631 6 | Commission; the General Council presents an annual budget for its
632 5,57 | ecology, sometimes by means of pressure on Governments and multinational
633 6 | means of gaining social prestige and hence power, avoiding
634 0,3 | prosperity’ itself, to prevent it from being enclosed in
635 0,3 | field and a pearl of great price (Mt 13, 44-46); “desiring
636 5,41 | economy as a whole must be primarily at the service and a function
637 6 | Need to understand the prime importance of finance, to
638 5,42 | ourselves be guided by the principle of giving and sharing. Once
639 6 | witness to poverty:~ ~This principle-cum-vow implies a detached attitude
640 6 | of the basic evangelical principles.~ ~ c. Through dialogue
641 1,9 | give more room and greater priority to professionalism, to clarity
642 5,39 | there are countries where private education or hospital services
643 5,39 | and enjoy many economic privileges. there are religious institutions
644 6 | continuity by keeping systems and procedure in place.~ ~Facilitator-Fundraiser:~-
645 5,56 | important not to imitate procedures that belong to places where
646 3,16 | decentralisation of decision-making processes so that in some Institutes
647 6 | to make our mission, the proclamation of the Kingdom, our “treasure”,
648 6 | that what the religious produces or earns does not belong
649 5,49 | improving income and at producing organised and transparent
650 6 | to money than to work or production. This has influenced our
651 6 | recommended that qualified professionals be consulted; these should
652 6 | manage, control and render profitable the financial resources
653 3,19 | that already rely more on profits and interest on their investments
654 6 | and accounting plans~ a) A programme of GENERAL PRIORITIES, which
655 3,18 | carry out in the overall progress of the path chosen by a
656 5,57 | aware of the bodies that promote social and economic change,
657 4,32 | Administration and use of assets and prophecy (perception and foresight).
658 6 | fix the reserve ceiling in proportion to the return on capital.
659 6 | institutes.~ ~5. A practical proposal~ ~ If the religious institutes
660 6 | Gospels are reflected in proposals and implementation of new
661 6 | accounting results and future prospects (carried out by the plenary
662 0,3 | reconsideration of the concept of ‘prosperity’ itself, to prevent it from
663 6 | is paying just wages and providing other benefits;~-
664 6 | referred to may include provision for social welfare and there
665 6 | nature and quality:~ ~Extreme prudence and caution must be balanced
666 5,49 | materialistic but to be prudent in the use we make of our
667 5,41 | promoting the cultural, psychological, physical and spiritual
668 6 | communication in order to publicise and document the value and
669 6 | put funds into socially or publicly useful enterprises. In this
670 6 | and hence power, avoiding purely speculative management that
671 6 | investment must have an apostolic purpose:~ ~When investing in property
672 1,6 | financial policies to be pursued. There is no doubt that
673 6 | it is recommended that qualified professionals be consulted;
674 6 | accounts for external audit.~ ~QUALITIES:~ ~- Strong sense
675 6 | studied as to its nature and quality:~ ~Extreme prudence and
676 6 | is oppressing the human race.~- We should put greater
677 5,56 | and must acquire a wide range of experience in administration
678 6 | of the fall in interest rates.~ ~2) Observations~ ~ a.
679 5,43 | how financial resources reach a Religious Institute. Obviously,
680 6 | what is bad and giving a real and practical demonstration
681 4,33 | can we fix the limit for realising the assets needed to achieve
682 6 | create structures that are realistic and meet the needs of the
683 | recently
684 6 | must take the form both of reciprocal understanding and aid and
685 0,3 | is also true that we must recognise that without them it would
686 6 | developing field, it is recommended that qualified professionals
687 0,3 | be urgently needed is a reconsideration of the concept of ‘prosperity’
688 3,16 | administrative structures; recourse to public funds (BOT, CCT);
689 5,50 | achieve this? How can we redistribute our assets on the basis
690 5,51 | support to cancelling or reducing the foreign debt of poor
691 5,47 | economy must bring about a reduction of poverty and change the
692 6 | the latter levels should refer to this plan.~ b) A CODE (
693 6 | with the same codes of reference and methods of book-keeping.~ ~
694 6 | return on capital. The needs referred to may include provision
695 0,3 | As we begin our reflections we would like to remember
696 0,1 | an important concern that reflects on our religious identity
697 4,36 | This has always needed reform each time the practice of
698 5,58 | into ethical investments, refusing to invest for excessive
699 6 | brothers in the various regions, create structures that
700 5,42 | save or to accumulate or to reinvest, especially in our works;
701 4,25 | lifestyle and the way it relates to human and material resources.~ ~
702 6 | Entrepreneurial skills~- Good relational abilities;~- Good
703 0,3 | become aware that it is relatively new and definitely complex,
704 6 | sold off, with a consequent release of liquid capital.~ There
705 6 | because it questions the relevance of some of our choices.~-
706 1,Pre| consider this theme the most relevant and necessary for the present
707 6 | through the use of the reliable professional aids that are
708 6 | Trust in Providence does not relieve us of the obligation to
709 4,33 | what should we do with the remainder? The subject of capitalisation
710 5,44 | are concerned, it must be remembered that they should consider
711 6 | practical basis. The Gospels remind us that, “Where your treasure
712 6 | ethically manage, control and render profitable the financial
713 4,34 | basis, they must be able to reply to the question: How can
714 6 | reasons;~- Honesty in reporting finances of the Institute;~-
715 6 | How can we get financial representation in the CIVCSVA, IOR, etc.…?~ ~
716 5,48 | clearly that social commitment represents the visible portion of a
717 6 | resources are beginning to request assistance; the USG should
718 5,42 | giving what they can and requesting what they need.~In sharing,
719 6 | Provinces in need put in requests for aid.~- Questions relating
720 3,18 | profile of the attributes required and there must be a better
721 5,50 | religious congregations is a requirement that is growing in strength.
722 4,26 | Governments which must be respected; poverty is also linked
723 6 | fidelity, we will be able to respond to the problems at present
724 5,42 | appropriate and give away the rest; others keep only what is
725 5,52 | criteria and in using the resulting income.~ ~
726 5,41 | formation, those who have retired or who are ill, the institutional
727 6 | Institute or a Province reveal many factors and data that
728 4,29 | the finances; approval and review of budgets and accounts.~ ~
729 5,57 | change, that defend human rights and protect the ecology,
730 5,47 | economic structures that give rise to the tough world economic
731 3,20 | average age of religious is rising whilst their number is diminishing,
732 1,8 | have known how to avoid the risks involved with usury or indiscriminate
733 6 | serving the Church.~ ~ ~ ~Rome, May 2002~
734 1,9 | Now we need to give more room and greater priority to
735 6 | Canon Law and the particular rules of the religious institute.~ ~ ~
736 6 | whole lives.~- We sometimes run the risk of becoming involved
737 0,1 | To begin with, it must be said that a Religious Institute
738 0,3 | administrator (Mt 24,45). Saint Paul, in his turn, judges “
739 3,19 | investments than on the income or salaries the religious receive for
740 3,21 | as they begin to earn a salary, to have pensions and health
741 6 | In the past, many people saw the VC as a promotion; this
742 5,41 | 41. It goes without saying that the assets of a Religious
743 6 | situations and consequent public scandals, every financial investment
744 3,20 | of religious paid work is scarce and in fact there is hardly
745 6 | different kinds of savings scheme, typified by the transition
746 1,8 | and with knowledge of the science of economics.~ ~
747 5,50 | clearly in line with the scriptural “and they shared all that
748 5,48 | 48. We must search the social dimension of
749 6 | and maintaining financial self-sufficiency in the Provinces~ b) Ad
750 3,20 | northern hemisphere, are not self-sufficient enough to carry on their
751 1 | with this theme~at its 60th Semestral Assembly~ ~ ~
752 6 | in-depth discussion within the seminar group, the following criteria
753 6 | be judged as financially sensible. And we can only do this
754 3,22 | must possess great social sensitivity to be able to administrate
755 5,39 | private education or hospital services provided by religious receive
756 6 | a. Organise training sessions for the Treasurers and for
757 5,42 | Congregations will assist in setting out these destinations.~ ~
758 6 | and which type of long- or short-term investment fund to use.
759 6 | methods, expressions, but also SIMILARITY of problems, e.g. in the
760 6 | that we demonstrate the simplicity of our lifestyle, especially
761 | since
762 0,3 | desiring to build... first sit down and count the cost,
763 5,43 | both in relation to the size of the resources available
764 6 | Entrepreneurial skills~- Good relational
765 6 | typified by the transition from so-called “fixed income savings” to
766 6 | demonstrate a moderate and sober lifestyle within the community,
767 6 | shares that put funds into socially or publicly useful enterprises.
768 6 | have caused buildings to be sold off, with a consequent release
769 6 | recommendations which are not solely justified by financial reasons;~-
770 6 | life can help us to find solutions. ~ ~ d. We must convince
771 0,3 | contribution will not be enough to solve all the problems that arise
772 6 | community.~- This makes us somewhat ill at ease because it questions
773 3,21 | and accounting value as soon as they begin to earn a
774 6 | but this is a little used source of information~-
775 6 | possibility of formation in the South instead of the North.~ ~
776 6 | Educate the brothers in the Southern Hemisphere for a lifestyle
777 0,3 | which leaves very little space for values such as solidarity
778 5,54 | and not to be afraid to speak out against such evils.
779 5,45 | assistance from laymen who specialise in this field. Financial
780 5,45 | asset management require specialist technical knowledge if they
781 4,30 | poverty: It is important to specify precisely the meaning and
782 1,7 | honesty and professionalism. Speculation must be avoided at all costs.~ ~
783 6 | hence power, avoiding purely speculative management that aims for
784 4,31 | fair trade conducted in a spirit of social responsibility,
785 6 | General Treasurers both spiritually and economically.~-
786 5,54 | evils. Of course, having spoken out, it is important that
787 6 | we can only do this if we start with a simple way of life
788 6 | impossible to achieve a state of financial independence
789 5,39 | countries have no form of state-guaranteed social security, either
790 6 | own requirements (and a Statement of Account: how the monies
791 6 | treasurers are the first step in true sharing, something
792 6 | and, if necessary, take steps to make the necessary changes.~
793 0,3 | definitely complex, important and stimulating for the religious as a whole.
794 | stop
795 6 | with the Congregation.~ d) Strategic planning of each individual
796 5,50 | requirement that is growing in strength. There is no doubt that
797 5,49 | have serves to create and strengthen communion, to live in dependence
798 6 | Able to handle stress;~- Fit to travel.~ ~
799 5,52 | we have well. How? Great strides have been made both in formulating
800 6 | QUALITIES:~ ~- Strong sense of the charism and
801 6 | values (individualism, power struggles, capitalisation, consumerism,
802 6 | we live react to our life style? How do we react to the
803 5,53 | way that guarantees the subsequent independence of the communities
804 4,37 | their own charism, have succeeded in drawing inspiration for
805 0,1 | we share what we possess. Success in utilising our economic
806 6 | specific studies and/or suitable courses.~- Pay particular
807 3,22 | our economy. It is almost superfluous to say that a religious
808 5,59 | Institute, and we must make sure that they are more widely
809 6 | people not only to receive surpluses, but also to share them
810 5,47 | and the situations that surround us. It is an ambitious target
811 1,9 | past, asset management was surrounded by an excessive air of mystery
812 6 | compulsory in the Formation syllabus; include special courses
813 6 | 1) Challenges~ ~ a. The Synod on the VC had already stressed
814 6 | cases, of a proper financial system…~ * Need to understand the
815 3,18 | need training, or at least systematic and more accurate information,
816 0,3 | the best way to use the talents we have with the bankers
817 0,1 | mission. Indeed, when we talk of assets, we must do so
818 5,47 | surround us. It is an ambitious target but something can be done,
819 0,2 | 2. The targets of this study are the Superiors
820 4,28 | treasurers have carried out their tasks without due training and
821 5,39 | religious are exempt from taxes and enjoy many economic
822 6 | the poor are teachers who teach us how to live with trust
823 6 | For us, the poor are teachers who teach us how to live
824 6 | distribution of assets based on the teaching of the Gospels are reflected
825 6 | missions of the Institute.~ ~Team-player:~- With the General
826 3,18 | must also pay attention to teams of consultants to manage
827 4,29 | of assets and management techniques~ ~o Administration of assets
828 6 | investment we must be wary of the temptation to consider the capital
829 6 | we react to the drives or temptations that come to us from that
830 5,40 | but that can also cause tension and even conflict. These
831 [Title]| Text~
832 4,25 | these changes concern the theology and the pastoral of Consecrated
833 | Though
834 6 | examined this subject from three points of view:~1. challenges~
835 | Throughout
836 4,26 | because we must have no ties if we are to put what we
837 0,3 | manage his own household” (I Tim 3,5). The Gospels always
838 | together
839 4 | assets~There are various topics connected with this issue:~ ~
840 5,47 | structures that give rise to the tough world economic situation
841 | toward
842 4,31 | economy: ethical banking, fair trade conducted in a spirit of
843 6 | demonstrated not only to train people as experts in finance
844 6 | scheme, typified by the transition from so-called “fixed income
845 6 | how that trust is to be transmitted to the younger generations.~-
846 5,49 | producing organised and transparent administration.~ ~ ~
847 6 | stress;~- Fit to travel.~ ~RECOMMENDATIONS:~ ~-
848 4,32 | the CL it is necessary to treat personal and shared assets
849 0,3 | lack of resources for the treatment of numerous diseases or
850 3,16 | allocation of assets: the trend towards and need for capitalisation;
851 6 | to keep up-to-date with trends in religious life;~-
852 6 | Throughout this documents we have tried to offer guidance to make
853 6 | Christ. He is the way, the truth and the life.~ b. We need
854 0,3 | The Pope invited us to try to do so at the beginning
855 0,3 | 45). Saint Paul, in his turn, judges “a man who wants
856 6 | kinds of savings scheme, typified by the transition from so-called “
857 5,41 | they must also cover those undergoing formation, those who have
858 4,25 | 25. Religious life has undergone significant changes in spirituality,
859 6 | believe Providence should be understood as committing ourselves
860 0,1 | Religious Institute cannot undertake a process of revitalisation
861 6 | We suggest a study be undertaken into the various types of
862 3,20 | succeed in the short term. Undoubtedly, the new missionary fronts
863 5,55 | usury, excessive gain and undue accumulation [of wealth
864 1,7 | public repercussions and, unintentionally, have damaged the image,
865 6 | Create an Association (Union) of General Treasurers~-
866 6 | us to meet the costs of university formation for our candidates.
867 | Until
868 5,39 | have only a few; it is not unusual to find affluent works or
869 0,3 | purposes. What seems to be urgently needed is a reconsideration
870 4,33 | 33. Utilisation and allocation of the assets
871 0,3 | being enclosed in a narrow utilitarian perspective which leaves
872 3,16 | economic situation of religious varies greatly from one place to
873 5,39 | relationships with Government vary from excessive control bordering
874 4,29 | auditing and consultation; visits at provincial or general
875 0,1 | of our finances, in the volume of assets we accumulate,
876 6 | fund~- Structures: voluntary contributions or contributions
877 6 | of consecration and the vow of poverty) and an increase
878 6 | Institute is paying just wages and providing other benefits;~-
879 1,9 | changes they bring in their wake.~ ~
880 0,3 | turn, judges “a man who wants to care for God’s church
881 0,3 | that is becoming a kind of war. The fact of globalisation
882 6 | of investment we must be wary of the temptation to consider
883 5,43 | Obviously, it is appropriate to weigh up the different sources
884 4,29 | which must be given their weight in the management of religious’
885 6 | include provision for social welfare and there are various ways
886 | whereas
887 | whom
888 | whose
889 5,59 | sure that they are more widely known and applied. They
890 4,24 | to the one that is most widespread nowadays. This can help
891 0,1 | refoundation will be nothing but wild dreams if they are not reflected
892 6 | religious institutes are willing to work together, it will
893 6 | there is generally less willingness to share assets (which is
894 5,59 | applied. They are full of wisdom and experience.~ ~
895 4,24 | This can help us to act wisely in this area for the good
896 5,40 | 40. When one wishes to formulate a good financial
897 6 | identity as consecrated and worldly values (individualism, power
898 6 | to do so, but we must not worry about it.~- The trust in
899 | yet
900 | you
901 6 | to be transmitted to the younger generations.~- In general,
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