Endowments

Endowments are a part of the Development Program at Meadows
Mennonite Retirement Community (MMRC).  Endowment Funds at
Meadows are permanent funds from which only the annual income
is expended for a designated program.  Gifts to the endowment
fund support donor’s interest into perpetuity, provide financial
stability for Meadows and help supply assurance of program
continuation.

All endowed funds are established by a written gift use agreement
between the donors and Meadows Mennonite Retirement Community.
Endowment gifts are invested prudently, in accordance with Meadows
Mennonite Retirement Community policies.  Earnings from the
endowment will be used for the purpose designated, consistent with
institutional policies.

The Meadows Board of Directors has established an endowment
fund for the programs shown below. Donors may be interested in
making a living or deferred gift to one or more of these programs:

Alma Eymann Endowment - used for improvements to
    the grounds of Meadows Mennonite Retirement Community
    such as shrubs, trees, and flowers.
Arthur and Berdena King Endowment - provides
    scholarship money for staff of MMRC to attend seminars,
    conferences and other training opportunities. The donors of
    this endowment recognized that helping staff to improve and
    gain knowledge improves the quality of care available at MRMC.
Clair Yordy Endowment - used for the replacement,
    maintenance and additional purchasing of tools for the wood
    working shop.
George and Clara Gundy Endowment - used where
    needed most at the discretion of the Board of Directors. 
    This named endowment was established in gratitude to
    administrators and their wives for living service 1923-2006.
Kuerth Endowment - used for improvements to the station 2     lounge.
Nursing Home Resident Assistance Endowment - used to     financially help close the gap between the actual cost of resident
    care and the amount of payment received from the State of Illinois
    for Medicaid recipients since Meadows does not ask residents with
    inability to pay to leave.
Verle and Margaret Oyer Memorial Endowment - all income from
    this endowment will be used for the benefit of Meadows Mennonite
    Retirement Community (MMRC).  The donors will designate the
    specific use(s) of the income for each calendar year, which shall be
    for one or more purposes acceptable to the Board of Directors of
    MMRC. 
Wagler Trust Endowment - income from the Wagler Trust is
    available to use at the discretion of the Board of Directors. Some
    examples of how the funds have been used are for resident
    assistance, renovation and capital projects to name a few.  

Copyright 2006 Meadows Mennonite Retirement Community Association

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