How religious orders are sitting on assets worth hundreds of millions of euro
https://www.irishtimes.com/ireland/2024/09/14/schools-abuse-inquiry-assets-at-religious-orders-run-to-tens-of-millions-of-euro-but-many-are-tied-up-or-restricted-in-use/
Posted by Bill_Badbody
10 Comments
Order Christian Brothers
Cash at hand and in bank €1,773,242
Other assets €59,893,426
Total assets €61,666,668
Total liabilities €6,806,764
Net Assets/liabilities €54,859,904
Order Spiritans
Cash at hand and in bank €2,387,410
Other assets €171,342,507
Total assets €173,729,917
Total liabilities €16,298,468
Net Assets/liabilities €157,431,449
Order Jesuits
Cash at hand and in bank €0
Other assets €46,642,852
Total assets €46,642,852
Total liabilities €2,913,197
Net Assets/liabilities €43,729,655
Order Carmelites
Cash at hand and in bank €3,971,065
Other assets €71,180,714
Total assets €75,151,779
Total liabilities €621,407
Net Assets/liabilities €74,530,372
Order De La Salle Brothers
Cash at hand and in bank €8,057,515
Other assets €49,516,661
Total assets €57,574,176
Total liabilities €129,141
Net Assets/liabilities €57,445,035
Order Congregation of the Sisters of Mercy
Cash at hand and in bank €29,937,260
Other assets €295,017,987
Total assets €324,955,247
Total liabilities €2,311,513
Net Assets/liabilities €322,643,734
Order Presentation Brothers
Cash at hand and in bank €115,362
Other assets €23,664,566
Total assets €23,779,928
Total liabilities €58,937
Net Assets/liabilities €23,720,991
Order Missionaries of the Sacred Heart (MSC)
Cash at hand and in bank €51,236,869
Other assets €14,754,320
Total assets €65,991,189
Total liabilities €6,083,264
Net Assets/liabilities €59,907,925
Order Marist Brothers
Cash at hand and in bank €487,857
Other assets €6,535,207
Total assets €7,023,064
Total liabilities €38,322
Net Assets/liabilities €6,984,742
Order Dominicans
Cash at hand and in bank €7,225,670
Other assets €176,830,303
Total assets €184,055,973
Total liabilities €3,222,576
Net Assets/liabilities €180,833,397
Order Vincentian Fathers
Cash at hand and in bank €1,954,691
Other assets €33,222,715
Total assets €35,177,406
Total liabilities €1,299,363
Net Assets/liabilities €33,878,043
Order Marist Fathers
Cash at hand and in bank €1,397,513
Other assets €28,403,051
Total assets €29,800,564
Total liabilities €236,043
Net Assets/liabilities €29,564,521
Order Patrician Brothers
Cash at hand and in bank €2,079,810
Other assets €15,081,201
Total assets €17,161,011
Total liabilities €141,563
Net Assets/liabilities €7,019,448
Order Franciscan Province of Ireland (Franciscan Friars)
Cash at hand and in bank €7,297,129
Other assets €34,265,952
Total assets €41,563,081
Total liabilities €1,384,780
Net Assets/liabilities €40,178,301
Order Religious Sisters of Charity
Cash at hand and in bank €7,490,036
Other assets €202,626,546
Total assets €210,116,582
Total liabilities €1,886,534
Net Assets/liabilities €208,230,048
Order Congregation of the Presentation Sisters
Cash at hand and in bank €692,387
Other assets €31,875,728
Total assets €32,568,115
Total liabilities €4,299,248
Net Assets/liabilities €28,268,867
Order Franciscan Brothers (OSF)
Cash at hand and in bank €1,618,846
Other assets €7,063,656
Total assets €8,682,502
Total liabilities €187,408
Net Assets/liabilities €8,495,094
Getting to heaven used to be expensive
You know who else is sitting on top of hundreds of millions? Billionaires 🙂
A ot of the assets are in buildings I’d imagine. The church have been selling off a lot of their parochial houses lately.
/u/Bill_Badbody’s data, just formatted as a table.
|**Order**|**Cash In Hand**|**Other Assets**|**Total Assets**|**Total Liabilities**|**Balance**|
:–|:–|:–|:–|:–|:–|
|Christian Brothers|€1,773,242|€59,893,426|€61,666,668|€6,806,764|€54,859,904|
|Spiritans|€2,387,410|€171,342,507|€173,729,917|€16,298,468|€157,431,449|
|Jesuits|€0|€46,642,852|€46,642,852|€2,913,197|€43,729,655|
|Carmelites|€3,971,065|€71,180,714|€75,151,779|€621,407|€74,530,372|
|De La Salle Brothers|€8,057,515|€49,516,661|€57,574,176|€129,141|€57,445,035|
|Congregation of the Sisters of Mercy|€29,937,260|€295,017,987|€324,955,247|€2,311,513|€322,643,734|
|Presentation Brothers|€115,362|€23,664,566|€23,779,928|€58,937|€23,720,991|
|Missionaries of the Sacred Heart (MSC)|€51,236,869|€14,754,320|€65,991,189|€6,083,264|€59,907,925|
|Marist Brothers|€487,857|€6,535,207|€7,023,064|€38,322|€6,984,742|
|Dominicans|€7,225,670|€176,830,303|€184,055,973|€3,222,576|€180,833,397|
|Vincentian Fathers|€1,954,691|€33,222,715|€35,177,406|€1,299,363|€33,878,043|
|Marist Fathers|€1,397,513|€28,403,051|€29,800,564|€236,043|€29,564,521|
|Patrician Brothers|€2,079,810|€15,081,201|€17,161,011|€141,563|€7,019,448|
|Franciscan Province of Ireland (Franciscan Friars)|€7,297,129|€34,265,952|€41,563,081|€1,384,780|€40,178,301|
|Religious Sisters of Charity|€7,490,036|€202,626,546|€210,116,582|€1,886,534|€208,230,048|
|Congregation of the Presentation Sisters|€692,387|€31,875,728|€32,568,115|€4,299,248|€28,268,867|
|Franciscan Brothers (OSF)|€1,618,846|€7,063,656|€8,682,502|€187,408|€8,495,094|
Sisters of Mercy… the irony of that name
If you were dictator of Ireland for a day, what would be the first thing you’d do..
I can’t believe that an organisation notorious for child rape could be so ethically dubious with money. Make yoo think.
Seize them all, at gunpoint if necessary.
God needs money can’t get enough of that stuff!