ASBURY FOUNDATION INC

ASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY, INC., ALBRIGHT CARE SERVICES, ASBURY COMMUNITIES HCBS, INC., AND ASBURY COMMUNITIES, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. ASBURY FOUNDATION RAISES FUNDS TO HELP SUPPORT THE BENEVOLENT CARE PROGRAM FOR THE CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) OWNED AND OPERATED BY THE SUPPORTED ENTITIES AND HOME CARE SERVICES WITHIN THE ASBURY COMMUNITIES, INC. SYSTEM. THE BENEVOLENT CARE PROVIDES CONFIDENTIAL FINANCIAL ASSISTANCE TO SENIORS BEING SERVED BY ASBURY, WHO, THROUGH NO FAULT OF THEIR OWN, HAVE OUTLIVED THEIR RESOURCES. IN ADDITION TO BENEVOLENT CARE, ASBURY FOUNDATION RAISES FUNDS FOR OTHER PROGRAMS THAT ENHANCE THE LIVES OF ASBURY RESIDENTS AND ASSOCIATES.ASBURY FOUNDATION, INC., IS A TAX-EXEMPT, 501(C)(3) CHARITABLE ORGANIZATION THAT SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY INC., ASBURY COMMUNITIES, INC., AND ALBRIGHT CARE SERVICES. ASBURY FOUNDATION SECURES PHILANTHROPIC GIFTS THAT SUPPORT AND ENHANCE QUALITY OF LIFE FOR OLDER ADULTS SERVED BY THE ASBURY SYSTEM THROUGH BENEVOLENT CARE, NEW PROGRAMS AND SERVICES THAT PROMOTE RESIDENTS' WELL-BEING, AND SCHOLARSHIPS FOR ASBURY ASSOCIATES. IN 2023, PHILANTHROPIC GIFTS TO ASBURY FOUNDATION TOTALED MORE THAN $10 MILLION ACROSS THE ASBURY SYSTEM, INCLUDING APPROXIMATELY $6.2M IN BENEVOLENT CARE; $1M IN CAPITAL PROJECTS; MORE THAN $2.3 MILLION IN SPECIAL PROGRAMS AND ENDOWMENT FUNDS BENEFITTING THOSE WE SERVE, AND MORE THAN $500,000 IN ASSOCIATE SCHOLARSHIPS.ASBURY COMMUNITIES PROVIDES DEFINED BUSINESS, ADMINISTRATIVE, AND OPERATIONAL SUPPORT TO A SYSTEM OF 501(C)(3) TAX-EXEMPT, NOT-FOR-PROFIT SUPPORTED ORGANIZATIONS THAT PROVIDE RESIDENTIAL LIVING AND HEALTH CARE SERVICES TO THE AGED. BEYOND RESIDENTIAL HOUSING FOR THE AGED, THE SUPPORTED ORGANIZATIONS ALSO PROVIDE ASSISTED LIVING, SKILLED NURSING, LONG TERM CARE, PACE (LIFE) PROGRAMMING, REHABILITATION, PHARMACY, AND OTHER ANCILLARY SERVICES PURSUANT TO THEIR RESPECTIVE NOT-FOR-PROFIT MISSIONS.THE ASBURY COMMUNITIES SYSTEM OF SENIOR LIVING AND HEALTH SERVICE PROVIDERS ORIGINATED WITH ASBURY METHODIST VILLAGE, WHICH WAS ORIGINALLY ESTABLISHED IN 1926 AS THE METHODIST HOME FOR ORPHANS AND THE AGED. ALTHOUGH NO LONGER FORMALLY AFFILIATED WITH THE UNITED METHODIST CHURCH, ASBURY COMMUNITIES REMAINS COMMITTED TO THE ETHICAL PRINCIPLES AND SPIRIT OF ITS HISTORICAL ROOTS. WE CARRY THOSE VALUES FORWARD IN OUR MISSION AND OUR GUIDING PRINCIPLE OF DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE.ASBURY COMMUNITIES AND ASBURY FOUNDATION ARE COMMITTED TO FULFILLING ASBURY'S MISSION AND TO BE A VALUED PARTNER IN THE REGIONS WHERE THEY OPERATE. WE ACCOMPLISH THIS IN THREE PRIMARY WAYS:-PROVIDING A BENEVOLENT CARE PROGRAM FOR ELIGIBLE RESIDENTS WHO OUTLIVE THEIR RESOURCES THROUGH NO FAULT OF THEIR OWN (SEE BELOW, 2023 BENEVOLENT CARE)-PROVIDING FUNDS FOR A WIDE RANGE OF PROJECTS ACROSS THE ASBURY SYSTEM, INCLUDING CAPITAL PROJECTS AND PROGRAMS AND SERVICES THAT BENEFIT RESIDENTS AND ASSOCIATES-SEEKING GRANT OPPORTUNITIES TO EXPAND OUR SERVICES TO THOSE LIVING AT AN ASBURY COMMUNITY OR RECEIVING SERVICES THROUGH ANOTHER ASBURY PROGRAM, SUCH AS ALBRIGHT LIFE SERVICES. ASBURY FOUNDATION HAS SECURED MORE THAN $500,000 IN SCHOLARSHIPS FUNDS, WITH MANY OF THOSE DOLLARS GOING TOWARD CAREER ADVANCEMENT IN THE NURSING AND HEALTHCARE FIELDS. THESE SCHOLARSHIPS HELP ADDRESS A NATIONAL SHORTAGE IN QUALIFIED APPLICANTS FOR CAREERS IN HEALTH CARE. THE SCHOLARSHIPS EASE THE FINANCIAL BURDEN WORKING INDIVIDUALS FACE IN SPECIALIZED DEGREES OFTEN WHILE SUPPORTING FAMILIES.ASBURY FOUNDATION ALSO CONDUCTS CAPITAL CAMPAIGNS FOR RENOVATIONS OF BUILDINGS WHERE RESIDENT SERVICES ARE PROVIDED. IN 2023, ASBURY FOUNDATION RELEASED FROM RESTRICTION $423,753 IN CAPITAL SUPPORT TO HELP FUND KEY PROJECTS AT THE COMMUNITIES IN THE ASBURY SYSTEM. SECTION I: BENEVOLENT CARE - 2023BENEVOLENT CARE IS THE PAYMENT BY THE ORGANIZATION OF RESIDENTS' FEES, INCLUDING MONTHLY, AND ANCILLARY FEES, AND CERTAIN THIRD-PARTY EXPENSES, FOR RESIDENTS WHO HAVE EXHAUSTED THEIR ASSETS AND MEET ELIGIBILITY REQUIREMENTS FOR THE PROGRAM. BENEVOLENT CARE IS AT THE HEART OF ASBURY'S GUIDING PRINCIPLE TO DO ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE. IN 2023, MORE THAN $6.2 MILLION IN ANNUAL FUNDS AND UNRESTRICTED GIFTS WERE CONTRIBUTED TO HELP MEET IMMEDIATE BENEVOLENT CARE NEEDS FOR 88 COMMUNITY LIVING RESIDENTS:ASBURY METHODIST VILLAGE $1,986,699ASBURY PLACE KINGSPORT $54,360ASBURY PLACE MARYVILLE $32,945ASBURY SOLOMONS $573,262BETHANY VILLAGE $719,300NORMANDIE RIDGE $465,135RIVERWOODS $165,161SPRINGHILL $216,366TOTAL $4,213,228