Frequently Asked Questions
Anything paid for by Foundation gift funds helps to reduce the Casa community’s budget, thus reducing monthly fees for residents. As a rule of thumb, $250,000 in operating costs is equal to about 1% in service fees. The Foundation is currently funding over $400,000 a year.
The Resident Hardship Program is the Foundation’s top funding priority. This program supports residents who have outlived or exhausted their assets. Currently the Foundation is covering about 1/3 of the annual expense. Your gift for this program will help us achieve our goal to pay 100% of these costs.
The Foundation, Casa de las Campanas, and the Resident Association are all separate charitable entities that work together to provide the best environment possible for Casa de las Campanas residents. The Resident Association represents residents with management and as a social organization, supervises all resident committees. The Foundation acts as the philanthropic branch of the community, and provides support to Casa de las Campanas and the Resident Association for the benefit of residents. All gifts to the Foundation are eligible for a tax-deduction, to the highest extent allowable.
In many cases, the donor decides how their gift will be used if the gift is designated to a specific fund or causes (i.e. scholarship, resident hardship, or other specific use.). For gifts over $1,000 that are not designated, board policy determines how the money will be allocated. Currently, 60% is placed in the Tilburg General Endowment, and 40% is allocated to the Operating Fund. With proper approvals, resident committees and department staff may apply for Foundation Funding. These requests are reviewed and approved by the Funding Review Subcommittee, the Foundation Advisory Committee, and the Foundation Board of Directors.
“If you want to touch the past, touch a rock. If you want to touch the present, touch a flower. If you want to touch the future, touch a life.” -Unknown