It all depends on the constitutions of your institute. The Church does not have any prohibition regarding members of Societies of Apostolic Life or religious who belong to congregations, not orders (they’re in a different category), having money.
The question is how do they use the money?
If you belong to a religious congregation, you may not use it for your benefit.
If you belong to a Society of Apostolic life, you may use it to your benefit, if that society does not make a promise or a vow of poverty. Since the SOLTs make a promise of poverty, the same rule applies to them as to religious. They cannot use it to their benefit.
Giving it to charity is not to their benefit.
As I said above, St. Katherine Drexel was a Franciscan Sister. Franciscan Sisters are not part of the Franciscan Order. They are a congregation, not an order. St. Katherine was able to retain ownership of her millions. She was not able to use it for her benefit. But she was able to use it for charity. The constitutions of the Franciscans Sisters of the Blessed Sacrament allowed her to do so. Had she been a Poor Clare, she would have been a member of the Franciscan Order. In that case, she would not have been able to own it. She would have had to dispose of the money before making solemn vows. But that was not her case. She made simple vows, not solemn vows.
A member of a society with a vow of poverty can administer his money any way in which the society allows him to do so as long as he does not benefit from it. Let’s use a hypothetical family. Let’s say that Father were a widower with children. He could use his money to purchase property, stocks, bonds, CDs and whatever for the benefit of his children.
Since he does not have children and I don’t know if he has parents or not, he can still use it for the benefit of a third party or organization such as his favorite charity.
Also, because he is not a consecrated religious, the SOLT does not have to apply the exercise of poverty as rigidly as religious communities do. I’m not an SOLT. Therefore, I’m not familiar with their constitution. Hypothetically, their constitution may allow them to have a car or a home in their name for their use. But their promise of poverty may require that they share what they have, especially with the poor.
One would have to read their constitutions to know for sure.
A wild-card question . . . why would anyone want to check out Fr. Corapi’s tax records?
Fraternally,
Br. JR, OSF