A planned gift or donation to The Asbury Foundation is just the beginning of a lasting relationship between us and our generous donors. Whether it is starting an endowment fund or a one-time donation, we understand that charitable giving takes trust and consideration. If you are curious about the Foundation or planning a donation and you need us for any reason, we urge you to contact our staff. In the meantime, here’s a list of questions we frequently see, along with some useful answers.
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 specifically. All gifts made by a particular community’s residents and their families benefit that community alone unless otherwise instructed by the donor.
Who manages day-to-day operations of the Asbury Foundation?
The board of directors hires a president and CEO, who is assisted by several development directors and staff.
What assets can I use to make a gift to Asbury Foundation?
Generally speaking, you may make an outright gift through cash/check/credit card, your Individual Retirement Account (IRA), stock, and/or property. Friends of Asbury communities have also chosen to support the Asbury Foundation through gifts such as beneficiary designations (IRA, Life Insurance, Entrance Fee Refund, etc.), bequests, vehicles, and in-kind donations. Whatever your donation, it can be designated to your chosen Asbury community in accordance to your wishes.
What is an endowment fund?
An endowment fund is comprised of donor designated gifts that are permanently restricted, with only the income and appreciation used annually to support Asbury’s mission. On a monthly basis any invested returns, realized or unrealized, on these endowment funds are transferred to operations to offset some of the cost the benevolent care provided at our communities. The corpus of the funds remains intact for perpetuity, pursuant to the donor’s wishes.
How are endowment funds invested?
The endowment funds are invested with Morgan Stanley. 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 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 2017, $2,916,646 in benevolent care was provided to 61 residents living at Asbury communities. Additionally, Asbury provided unreimbursed services to 229 residents at our health care centers.
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.
Do you need to get in touch with us regarding a planned gift of donation question?
If you have questions about a planned gift or donation, please contact our staff. Your generosity is appreciated, and we thank you for your interest.