Differences

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--- rcri.legacy [2019/09/30 12:58] – [One solution] amycsj
+++ rcri.legacy [2020/01/09 14:14] – [Legacy] amycsj
@@ Line 10: / Line 10: @@
   * 75-90% of institutes will cease in the coming decades - 300-350 institutes
 ===== One solution =====
-{{ :viability.png?400|}}
   * //Perfectae caritatis ('65)// #21 - recommended merger and affiliation for declining institutes
   * Under this model, remaining institutes could have 5-10 institutes merging or affiliating
@@ Line 19: / Line 18: @@
   * the //lack of candidates// over a period of several years,
   * the //advanced age// of the majority of its members.
+  * {{ :viability.png?400|  }}
 ===== Particular Challenges =====
   * Providing //ongoing leadership// for the institute.
@@ Line 147: / Line 148: @@
     * Legacy clause in a retirement trust
     * Legacy trust
+===== Planning =====
+  - What assets does the group have, financial, real estate, trusts, etc? And approximate value.
+  - What is the current purpose or use of those assets?
+  - What would be the legacy use of those assets? And what might the timeline look like?
+  - What is the best way to ensure that the assets are used for the current purpose, then dedicated to the legacy purpose?
+  * Since there is quite a variation in those answers, the way of moving forward could be quite different.
+|                ^ Asset         ^ Value      ^ Use/Purpose  ^ Legacy     ^
+^ Sisters Inc    | Land          | $$$        | Sisters      |            |
+^ Sisters Inc    | Land          | $$$        | Ministry      |            |
+^ Sisters Inc    | Investments | $$$                   |   |   |
+^ Trust    |           | $$$        | Sisters   |     |
+^ Retirement Facility    |           | $$$        | Sisters   |     |
+^ Ministry    |           | $$$        | Ministry   |     |
 ===== Take Aways =====
   * Plan ahead
@@ Line 155: / Line 173: @@
 ===== Bibliography =====
-Hereford, Amy. //Beyond the Crossroads: Religious Life in the 21st Century.// New York: Orbis Books, 2019.
+Hereford, Amy. [[https://www.amazon.com/dp/1626983321/ref=cm_sw_em_r_mt_dp_U_sDMKDbSKATCGJ |Beyond the Crossroads: Religious Life in the 21st Century.]] New York: Orbis Books, 2019.
 ———. “Canon 580: Aggregation and Covenants.” //Roman Replies and CLSA Advisory Opinions,// 2012, 83–86.
@@ Line 167: / Line 185: @@
 ———. “Charitable Trusts Twenty Five Years Later.” //Legal Bulletin// 73 (2002): 17–37.
-———. “Congregational Legacy Trust.” //RLC Newsletter// 17, no. 4 (2017): 1–4.
+———. [[http://www.ahereford.org/subscription/post/newsletter74|“Congregational Legacy Trust.”]] //RLC Newsletter// 17, no. 4 (2017): 1–4.
-———. “Ministerial Public Juridic Person.” //RLC Newsletter// 17, no. 3 (2017): 1–4.
+———. [[http://www.ahereford.org/subscription/post/newsletter73|“Ministerial Public Juridic Person.”]] //RLC Newsletter// 17, no. 3 (2017): 1–4.
-———. Navigating Change: The Role of Law in the Life-Cycle of a Religious Institute. St. Louis, MO: Religious Life Project, 2015.
+———. [[https://www.amazon.com/dp/1517028469/ref=cm_sw_em_r_mt_dp_U_.BMKDb1NW031V |Navigating Change]]: The Role of Law in the Life-Cycle of a Religious Institute. St. Louis, MO: Religious Life Project, 2015.
 ———. “Practical Guidelines for Aging Religious Institutes.” In //RCRI Bulletin//, 4–20. Silver Spring, MD: RCRI, 2015.
-———. “Transitioning Leadership.” //RLC Newsletter// 17, no. 2 (2017): 1–4.
+———. [[http://www.ahereford.org/subscription/post/newsletter72 |“Transitioning Leadership.”]] //RLC Newsletter// 17, no. 2 (2017): 1–4.
 ———. “Transitioning Sponsorship.” //RCRI Bulletin// 17 (2017): 5–18.
 [[http://www.ahereford.org/subscription|Sign up for RLC Newsletter (Religious Law and Consultation).]]