Our guarantee of lifetime care ensures a member resident will not be required to leave Friends Fellowship if their financial resources become insufficient in the future. Sometimes this need is precipitated by an unexpected and lengthy illness. In other cases, people simply outlive the resources that once seemed sufficient to sustain them throughout their lifetime. Providing this financial support has been central to our Mission from the very beginning and is instrumental in maintaining our status as a 501©3 not-for-profit organization.
Our General Endowment Fund, created in 1962, enables us to provide this important financial guarantee by using the investment income to assist those residents in need.
The Friends Ministers’ Fund, created in 1995, provides financial assistance to Friends ministers, missionaries, and their spouses who have faithfully served Friends in Indiana Yearly Meeting for a minimum of ten years as a recorded minister and whose resources may be insufficient for both entry fees and monthly care fees. Availability of assistance from this fund does vary, depending on the number of individuals receiving assistance at any one time.
The names of the people receiving assistance are held in the strictest confidence. The number of residents receiving financial assistance during the last six years has averaged 12 individuals annually and has been as high as 16, representing approximately 7% of our member resident population. Over 100 residents have received over $7,600,000 in financial assistance from the Endowment Fund since the late 1960s, and the amount of assistance provided each year continues to increase.
Our ongoing goal is to provide assistance to a larger percentage of our resident population and to those who have faithfully served Quakers in Indiana Yearly Meeting. The principal of these funds is never touched and grows through charitable contributions such as memorial gifts, annual gifts, bequests and planned gifts.
Planned Giving Available
In 1995, Friends Fellowship established a working relationship with the Mennonite Foundation. This relationship provides the donors of FFC with access to the management and administrative services of the Mennonite Foundation, along with their technical and consulting expertise in making a planned gift to benefit Friends Fellowship Community. The Mennonite Foundation is located in Goshen, Indiana and has been in existence for over 40 years helping individuals meet their charitable interests by making them aware of the various planned giving vehicles available. Many of our donors have taken advantage of this relationship by way of a charitable gift annuity agreement in which Friends Fellowship Community is the ultimate beneficiary. Planned gifts allow a donor to accomplish several objectives by meeting their charitable giving goals, increasing their annual income and enabling them to still be able to provide an inheritance for their heirs. Some examples include: estate planning, wills, bequest plans, life income plans, current gift plans and life estate plans.
The Endowment Tree of Lights
In the fall of 2000, Friends Fellowship established an annual fundraising event called The Endowment Tree of Lights. During the holiday season, each donation to the General Endowment Fund or Friends Ministers’ Fund is represented by a light on a beautiful 20-foot Norway Spruce evergreen located on our front lawn, readily visible to passing traffic. The tree was donated by Jim Brower of Brower Gaar Nurseries of Cambridge City, Indiana, and the electrical installation was provided by Hill Electric of Richmond, Indiana. The colorful lights remain lit throughout the nighttime hours during the holiday season for our residents to enjoy as well as serving as a reminder of the importance of these two funds to our Community. Donations may be given in memory or in honor of a loved one or friend. Those honored are informed of the gift and notifications for memorial gifts are made per donor request. An official dedication and lighting ceremony of the tree was held on December 1, 2000. A total of 70 people participated in this event by making contributions which resulted in 175 lights, and in 2011 over 200 lights were placed on the tree.
Wheelchair Van Fundraising Project
In the fall of 2000, a nine-month campaign to raise money for a wheelchair van was successfully completed. The goal of $40,000 was exceeded, with a total of $40,350 in contributions received from 75 donors. A new 2000 Dodge Grand Caravan ES wheelchair van was purchased to provide transportation for residents to doctors’ offices, the hospital and recreational outings. The wheelchair van is a wonderful addition to our transportation services and was made possible solely by the many generous donors to this important project.
Please contact John Robinson, Vice President of Finance and Development, at (765) 962-6546 or by email at email@example.com if you would like more information or if you are interested in making a gift.