 As
of Dec. 31, 2008, the Asbury Methodist Village (AMV) Benevolent Care
Endowment Fund totaled $10.6 million. From 1992 through the end of
2008, the endowment fund has had an average annualized return of 6
percent. In 2008, Asbury Foundation engaged in a feasibility study
for a campaign to grow the Benevolent Care Endowment Fund. Board
members, residents, and staff were interviewed, and a goal to raise
$5 million by the end of 2010 was set. Ten percent of the goal
($530,000) was reached in the first three months.
What will an additional $5 million mean for Asbury Methodist
Village residents in need?
Conservatively, assuming a 5% annual return, the additional income
from an expanded endowment would cover benevolent care costs for
either an additional 26 residents or the shortfall from providing
healthcare to 30 individuals on Medicaid. Most importantly, the
expanded endowment would strengthen Asbury Methodist Village’s
commitment to quality retirement and healthcare even for those who
can no longer afford it.
Resident Leaves $1 Million Legacy
to AMV Benevolent Care Endowment Campaign!
Read all about former AMV resident Marjorie McFarland and her
generous gift.
For Love of Neighbor Endowment
Campaign Booklet
See what residents and associates are saying about the Campaign, and
learn more about ways you can give.
If you would like more information, please contact:
Doug Myers
301-987-6069
dmyers@asbury.org
To make a gift online, click on
the Donate Now button below.
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