TWO MORE of the 18 congregations investigated by the Ryan commission have revealed they intend to contribute to a trust being set up to help former residents of institutions that they managed.
The Sisters of Mercy are to contribute €127.5 million in cash and assets – €20 million in cash, and properties valued at €107,506,800.
Of this amount, the State is to receive €80,856,800; a trust for former residents is to be paid €11,590,000; and voluntary groups will receive €5,060,000.
This is in addition to €33,091,114 contributed to the Government redress scheme by the congregation. It has also committed € 1,875,000 to the Faoiseamh helpline over the next five years.
Yesterday the Brothers of Charity said they would pay €1.5 million to the trust fund. The congregation has total net assets of €2.01 million.
Two of the congregations, the Rosminians and the Good Shepherd Sisters, have said they are unable to contribute.
Eight other congregations have also posted details of their finances online.
These include the Oblates of Mary Immaculate, who will contribute € 20 million to the fund. They have assets of €81.9 million with liabilities and commitments of €61.8 million.
The Daughters of Charity are to contribute €10 million to the trust. Their assets are valued at €339.2 million, with liabilities and commitments of €255.9 million.
The Sisters of Charity indicated they will contribute €5 million. Their assets are valued at €266.2 million, with liabilities and commitments of €50.4 million. The Presentation Sisters are to contribute €5 million, in addition to an earlier contribution of €5.2 million to the redress scheme.
Their assets are valued at €394 million with liabilities and commitments of € 108 million.
The Presentation Brothers are to contribute €3 million. Their unrestricted assets amount to €23.4 million, with liabilities and commitments of €14.8 million. It leaves total net unrestricted assets of €8.6 million.
The Christian Brothers will contribute €30 million to the trust, plus €4 million to counselling services. They have also agreed to transfer school playing fields valued at €127 million into the joint ownership of the Government and the Edmund Rice Schools Trust, an independent lay body set up in 2008.
