Endowment Donations
Endowment Donations
Community Residences maintains an affiliated Foundation governed by Trustees whose sole responsibility is to maintain, grow, and appropriately use income from CR’s endowment. The investment and distribution of funds is governed by an agency investment policy as well as by federal law and regulations.
The endowment’s purpose is to generate income for Community Residences’ ‘Quality of Life' program. It is the policy of the Foundation to spend only a portion of endowment income and to leave all original principal invested. The ‘Quality of Life’ program funds otherwise unfunded critical needs such as:
- psychiatric and dental care
- prescription costs
- hospice care
It also enables therapeutic day and recreational programs such as:
- art and horticultural therapy
- horseback-riding therapy
- exercise routines
- community-engagement outings and activities.
Finally, income from the endowment allows us to make improvements to residences and consumer rooms so they truly feel like home.
Donations to the endowment can be offered through any of the mechanisms described on the Donations page. Planned gifts, ongoing pledges, and one-time offerings of stock or cash are welcome. Donations can be made in memory or in honor of a loved one, or in thanksgiving for a special event or blessing. Donations can also be specified for a particular CR program or residence, or they can be given for CR’s overall mission.
YES – I would like to be contacted in order to obtain information about making a tax-deductible contribution to CR’s endowment: click here
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