For Immediate Release Mt. Morris, IL -- (April 2, 2013) – Pinecrest Community is proud to announce it has been awarded a $10,000 grant by the Dr. Louis and Violet Rubin Fund of the Community Foundation of Northern Illinois.
The grant will be used for its "Pinecrest Pathways: Beds" program, to purchase a portion of the nearly 100 new beds Pinecrest needs for its nursing home to further fulfill its mission, according to Diana Roemer, Pinecrest Community's director of advancement and marketing. This is the second grant for the Pathways program approved by the Community Foundation's Board of Trustees.
"We are thrilled that the Community Foundation of Northern Illinois recognizes the dedication of Pinecrest to promote the physical and emotional health, dignity, and well-being of area residents who live or will live at Pinecrest Manor, as well as their families and Pinecrest staff who care for them," Pinecrest Chief Executive Officer Ferol Labash said.
MT. MORRIS — Chief Executive Officer Ferol Labash and Director of Advacement and Marketing Diana Roemer accepted a check from Ron Bry, a director of the Chicago-based A. Charles and Lillemor Lawrence Foundation. The gift was given toward Pinecrest Community's Pathways Beds project.
Mr. Bry said he was pleased to be a part of the humanitarian effort. His mother spent her last months at Pinecrest.
"If the beds had been available then, her quality of life might have been greatly improved," Bry said.
Pinecrest is grateful for the Foundation’s support.
Pinecrest Community CEO Ferol Labash, right,
and Director of Advancement Diana Roemer
accept a check from Ron Bry, a Director of the
A. Charles and Lillemor Lawrence Foundation
A charitable gift annuity is an arrangement whereby a donor transfers cash or other property to a qualified charitable organization in exchange for a commitment by the charity to pay the donor a specified amount each year for the remainder of the donor's life.
Types of Gift Annuities
Gift annuities can be classified into two types - immediate and deferred gift annuity. A deferred gift annuity is one in which payments do not begin until after at least one year from the date the annuity is purchased whereas an immediate annuity begins payment within one year. The commitment by the charity to pay the donor is determined in many cases according to recommended rates adopted by the
American Council on Gift Annuities located in Dallas, Texas. The annuity payment is a fixed payment for life and is made monthly, quarterly, semiannually or annually. The commitment by the charity to pay the annuitant is backed or secured by the assets of the charity. Many state insurance departments now regulate gift annuities, which among other things require maintenance of reserve funds, restrictions on investments of annuity funds and annual reports by the charity.
If you think an annuity may be an important financial and charitable strategy for you, please contact Director of Advancement Jonathan Shively at (815) 734-1710 for more information, or email him at email@example.com. Pinecrest Community (Brethren Home) is a 501 (c) 3 nonprofit charity. To view our tax exempt status letter, click here.
In December, Pinecrest received and installed nine beds funded by the Community Foundation of Northern Illinois through our Pinecrest Pathways program. Thank you so much Community Foundation for everything you do for the community. Our residents who have received the new beds love them.
May, 2012-- Pinecrest Community is proud to announce the achievement of a “Five-Star” ranking by its nursing home, Pinecrest Manor, in ratings released in May by Medicare.
The achievement is a tribute to its dedicated nursing staff, and its diligence on health inspections and quality measures, said CEO Ferol Labash.
“Quality begins with our leadership,” Labash said. “Jolene LeClere, administrator of health services, and our team of administrative staff, lead the way in providing quality, compassionate care.”
Director of Nursing Meg Unger agreed: It’s the staff.