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January 31, 2023, Philadelphia, Pennsylvania – The untimely death of Caldwell Dominican Sister Patricia Daly, OP – a member of the Adrian Dominican Sisters’ Portfolio Advisory Board and Executive Director of the Tri State Coalition for Responsible Investment – led Cliff Rosenthal to reflect on the heroes of the socially responsible investment movement.
Through socially responsible investment, faith-based and other organizations invest or provide low-interest loans to community-based enterprises that promote social, economic, and environmental justice in local communities.
Cliff recalled that, in 1982, he sought funding for his Capitalization Program, which sought to raise private investments to be channeled to credit unions serving communities suffering from poverty. He secured a low-interest $30,000 loan from the PAB – in spite of his organization’s lack of a financial track record and little staff capacity. “In every sense, it was an act of faith,” he wrote. The PAB investment “spurred other Catholic women’s orders to make loans to us, as well, and we were on our way.”
Read Cliff’s reflection on Sister Patricia, the PAB, and other faith-based investors, found on the website of Next City.
January 13, 2023, Rome – Pope Benedict XVI was an “accomplished pianist and scholar” who set a precedent for future popes in his surprising decision to retire from the papacy and leave it to another to lead the Catholic Church.
That’s how Sister Durstyne Farnan, OP, Dominican Representative to the UN, remembered Pope Emeritus Benedict XVI. She was among a group of Catholic Sisters who reflected on his contributions to the Church shortly after he died on December 31, 2022.
Sister Durstyne was quoted in a January 5, 2023, Global Sisters Report article saying she believes that Pope Benedict will be remembered “as a shy scholar who led the church for eight years,” and as a “student of the Word [who] desired to know Jesus intimately.” She noted his three-volume work on Jesus, which he wrote while in retirement.
Like many others, Sister Durstyne pointed to the importance of his decision to retire. “It paves the way for any pope in the future to do likewise,” she said. “Perhaps this is one of the additional gifts Benedict leaves the Church today.”
Read more of Sister Durstyne’s comments and the reflections of other Sisters in the Global Sisters Report article by Chris Herlinger and Dan Stockman.