ENDOWMENTS - Endowments are funds from which the interest is used to support specific projects. Fairhaven has a variety of endowed funds.

THE BENEVOLENT CARE ENDOWMENT FUND is dedicated to provide help to residents who run out of resources because of longevity or illness. This endowment uses only a specific percentage of the principal of this fund and thus is aimed toward funding in perpetuity.

THE EDUCATIONAL ADVANCEMENT AND SCHOLARSHIP FUND was begun in 1999. It is a scholarship fund to be used by employees to improve their skills through additional education. We believe that employees are an important part of the quality of care at Fairhaven and we are committed to help them improve their skills. The principal of this fund is in perpetuity with scholarships receiving 5% of principal each year if awarded.

THE FUND FOR EXCELLENCE AND LIFE ENHANCEMENT is an endowed fund that provides equipment and other resources that supplement our caring for residents. In 2000 this fund began by supporting the purchase of a bladder scanner.

THE FUND FOR THE PERFORMING ARTS was established in 2003 to honor the life and interests of one of our residents who is a musician and soloist. Interest from this fund supplements arts programs at Fairhaven.

ANNUAL FUNDS AND MEMORIALS represent contributions given for general or specific purposes.

MEMORIALS are received in memory of persons who died and the donors have an interest in the work of Fairhaven and wish to see the ministry continue. We will be happy to provide suggestions for how these memorial gifts may be utilized.

THE MEMORY CARE FUND (non-endowed) provides resources to support the Hearthstone ministry, which began in 1997. Residents who have memory impairments or Alzheimer's Disease can receive care at Hearthstone, located on the southwest corner of the Fairhaven campus.

OTHER DESIGNATED MEMORIALS AND NON-ENDOWED GIFTS are used for special projects at Fairhaven.

Please see the Foundation Director for assistance in matching your interests with the ministry of Fairhaven.

GIFT ANNUITIES
Fairhaven provides an opportunity, through its Donor Annuity Program, to receive gifts from individuals and at the same time provide a lifetime income to donors. This approach also provides significant tax advantages to the donor. For more information you may contact Fairhaven for an example of how your gift can benefit Fairhaven and provide a significant income for you.