Frequently Asked Questions

When I make a gift to Asbury Foundation, how is my contribution directed?
All gifts are tracked by community. That is, all gifts designated to a certain community benefit that community. All gifts made by a particular community’s residents and their families benefit that community alone.

Who oversees Asbury Foundation?
Asbury Foundation is governed by a 12-member board of directors consisting of representatives from the communities Asbury serves. The foundation is audited annually by a nationally recognized accounting firm.

Who manages day-to-day operations of the foundation?
The board of directors hires a president and CEO, who is assisted by several development directors and staff.

How many gifts did the foundation receive last year?
The total number of donors in 2010 was 3,524 with more than $5,109,400 in new gifts, pledges, and gift annuity agreements were contributed to enhance the lives of residents in the Asbury system of communities. Our donors include our residents; the balance was individuals, churches, businesses and service organizations in the surrounding communities.

To show how many gifts were designated to benefit each community, a breakdown by affiliate follows:

Asbury Methodist Village—Total number of donors was 1445, with $2,565,077 contributed.
Asbury~Solomons Island—Total number of donors was 494, with $471,456 contributed.
Bethany Village—Total number of donors was 805, with $950,100 contributed.
Epworth Manor—Total number of donors was 192, with $1,195,729 contributed.
Inverness Village—Total number of donors was 236, with $506,828 contributed.
Springhill—Total number of donors was 352, with $241,285 contributed.

What programs or projects are supported by Asbury Foundation?
Asbury Foundation supports benevolent care needs in the Asbury system of communities through annual funds (Benevolent Care Funds) and endowment funds. During 2010, $1,132,405 in benevolent care was provided to 36 residents living at Asbury Methodist Village, Asbury~Solomons, Bethany Village, Epworth Manor, and Springhill. Additionally, Asbury provided over $8,004,157 in uncompensated services to 280 residents at our health care centers. This represents the shortfall in what Asbury would normally charge and the Medicaid reimbursement provided by the states of Maryland and Pennsylvania.

What is an endowment fund?
Gifts permanently invested in an endowment fund create a principal base that generates interest income. The interest alone is used annually to fund benevolent care and specific capital needs at designated communities.

How are endowment funds invested?
The endowment funds are invested with Rockefeller Financial. Our endowment funds are invested with a balanced portfolio of equities, bonds and real estate funds with a focus on achieving long-term growth.

What is the Heritage Society?
All who make bequests and other planned gifts such as charitable gift annuities, trusts and gifts of life insurance are recognized as members of the Heritage Society.