We have two types of benevolent care funds. Current use funds distribute immediately when the donation is made to the recipients. Endowed funds provide perpetual support for our mission of benevolent care. Each year, 4% of the endowment is distributed to meet the current benevolent care needs of the community. The principal balance ensures that we can continue to provide perpetual care.
Donors or organizations can name an endowed fund with a $50,000 gift. One example is when a church closes its building and donates to a community, allowing previous congregation members to have a closer connection to the mission and see the impact of their support each year. Endowed funds have also been created through five-year pledges from individuals in memory of a loved one, to support a mission close to their heart.
Communities also have individual campaigns for capital needs and resident projects. Donations designated for these funds can be written in the memo line of a check donation or in the drop-down menu of an online donation. For more information on starting a fund, please contact Zach Heeter, mission advancement director, at email@example.com.