The Asbury Foundation Frequently Asked Questions
We’re Here to Answer Your Questions!
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 Asbury 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.
FAQs
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.
The board of directors hires a president and CEO, who is assisted by several development directors and staff. Asbury Foundation is proud to hold the Platinum Seal for Transparency from Candid, formerly GuideStar, which researches and publicly reports on the practices of 501(c)(3) organizations.
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.
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.
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.
Asbury Foundation supports benevolent care needs in the Asbury system of communities through annual funds (Benevolent Care Funds) and endowment funds. In 2022, more than $4.8 million in annual funds and unrestricted gifts were donated to help meet immediate benevolent care needs in Asbury communities. With help from donors, 77 Asbury residents received benevolent care support.
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.
If you have questions about a planned gift or donation, contact information for each of our staff members is available on the Meet Our Team page. Your generosity is appreciated, and we thank you for your interest.