2014/15 Annual Financial Report

August 28, 2013

Dear Columban Friend,

Since 1918, the Missionary Society of St. Columban has been sharing the Gospel in solidarity with the poor throughout the world. We are ever grateful to our benefactors whose prayers and support strengthen us as we continue Christ’s saving work by making a difference in the lives of children and families around the world as well as supporting the Catholic Church in the U.S. in its missionary response. We prayerfully celebrate our shared mission of renewing our baptismal promise of service with God’s love.

Since 2008, the volatile global economic environment has made funding our missionary activities extremely challenging. However, the silver lining may be that the economic collapse also provided more opportunities for us to serve as people around the world needed more and more assistance! We are encouraged, perhaps even awe-struck, by the continued, sacrificial giving of our benefactors and friends. As your agents, we must be good stewards of the treasure entrusted to us, and the information in our 2014/15 annual report reflects that dedication.

As Columbans, we are committed to spreading the Good News in solidarity with all people but especially the economically poor and marginalized. Your steadfast prayers and support offered while exercising your own missionary vocations during these difficult times means so much to the Society. As you review our Society’s figures, I would like you to keep in mind a few facts about the Columban Fathers. The Columban Fathers are classified in Catholic Church law as a “Society of Apostolic Life.” We have expenses similar to those of any religious community, including health care, retirement for aged members and education and training for seminarians and lay missionaries. Certain expenses, such as transportation, health care and communications, are higher than those of other Catholic communities due to our international focus.

Columban missions throughout the world require numerous resources. Not all of the needed resources will appear on our financial report. The sacrifices and generous spirit of priests, seminarians, lay missionaries and devoted employees along with the prayers and selflessness of the people who support Columban mission are the priceless resources that have supported us and allow us to move forward. And, you too are a missionary as you join with us through your support to bring the Good News of peace and love to some of the most neglected peoples in the world.

Gratefully yours in Christ,

Fr. Timothy Mulroy
U.S. Region Director
Columban Fathers

Year Ending March 31, 2015 Fiscal Year 2014
Gifts 3,604,598
Bequests 5,690,439
Gifts for Priest and Student Education 9,995
Gifts for Specified Mission Projects 666,713
Gifts for Mission Education Programs 6,851
Mass Requests 186,817
TOTAL DONATIONS 10,165,413
OTHER REVENUE 3,207,691
(75% of Other Revenue was generated through Investments)
TOTAL REVENUE 13,373,104
GLOBAL MISSION SUPPORT 5,693,960
U.S. MISSION SUPPORT 2,626,194
MASSES 182,326
PRIEST EDUCATION, RETIREMENT, AND MEDICAL 375,836
Total Missionary Support Programs 8,878,316
ADMINISTRATION
REGIONAL ADMINISTRATION EXPENSES 784,215
MINISTRY OF DEVELOPMENT AND FUND-RAISING 2,470,227
TOTAL EXPENSES 12,132,758
INCREASE IN NET ASSETS 1,240,346
13,373,104

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