PATRIMONY[1]

Patrimony is that estate or inheritance which we own when we leave our families and join the Institute. A patrimony account may be begun or augmented by further inheritance after entrance into the Institute, but not by transfer from stipends. Income received while a member of the Institute is not patrimony. Such income, including but not limited to: salary, insurance, Social Security, SSI, pension benefits, and legal settlements, belongs to the District. Income earned on patrimony is subject to Internal Revenue Service (IRS) regulations.

By the vow of poverty the Brothers forego the independent use and disposal of goods or objects having monetary value. They retain only the bare ownership of their patrimony as well as the right to inherit. [Art. 33, Rule]

The actual administration of our patrimony is entrusted to another:

Before their first profession the Brothers hand over to someone of their choice the administration of their patrimony and its revenue. [Art. 34, Rule]

The transfer of administration of one’s patrimony occurs by completion of a Cession of Administration document. Copies are available upon request from the finance office.

Disposal or personal use of any portion of one's patrimony requires the permission of the Brother Visitor. After five years of perpetual profession, a Brother may renounce all of his patrimony with permission from the Superior General:

In the spirit of gospel detachment, any Brother having at least five years of perpetual profession may freely renounce his personal goods. To obtain authorization to do this, the Brother presents his request to the Brother Visitor who then forwards it to the Superior General. The act of renunciation will be, as far as possible, valid in civil law. [Art. 35, Rule]

DECLARATION OF PATRIMONIAL ASSETS

I declare that the following assets constitute my patrimony and that I have acquired them either by way of inheritance or prior to my first profession as a religious with a vow of poverty. These patrimonial accounts do not contain any income or assets that were earned while a member of Brothers of The Christian Schools since such income belongs by right to the religious institute (Brothers of the ChristianSchools).

BANK/INVESTMENT ACCOUNTS / ACCOUNT # / VALUE
OTHER ASSETS / CONTACT INFORMATION / VALUE/NOTATION

(Brother)______(print legal name)

______(signature)

______(social security number)

______(date)

T:\FSC DENA\Policies\Patrimony Declaration.docx

[1]Taken from the Financial Policies of the Brothers of the Christian Schools District of Eastern North America; adopted by the First District Chapter, April 15-17, 2011