Charitable Gifts

Timbercrest is a faith based, mission driven, not-for-profit organization.  As such, it relies on gifts from individuals, businesses, and Churches of the Brethren for support in carrying out its ministry.

Types of Gifts

Unrestricted gifts are used at the discretion of the Board of Directors.  Currently, unrestricted gifts are entered in our Charitable Assistance Program. 

Charitable Assistance gifts are utilized to offset unreimbursed care for residents who have exhausted their personal funds. 

Restricted gifts designated by the donor for a specific purpose. 

Memorials or Honorariums are gifts in remembrance or honor of a loved one. 

Endowment fund gifts are never spent.  The monies contributed to this fund remain in it permanently.  The income earned from the fund is used in our Charitable Assistance Program. 

Planned Giving Opportunities

Gift Annuities - An agreement through which a donor makes a gift to Timbercrest and we provide fixed payments to the donor for their life.  Payment is based upon the age of donor(s).

Charitable Lead Trust - Timbercrest receives cash or property from donor and makes payments to the donor for a term with the remainder going to a designated beneficiary upon death. 

Insurance Policies - Timbercrest is the designated beneficiary for the benefits of a life insurance policy.

Retirement Plan Assets - Timbercrest is named as beneficiary of a retirement plan or IRA. 

Payable on Death (P.O.D.) - Timbercrest is named as beneficiary of a bank account upon the owner's death. 

Life Estate Reserved - Timbercrest accepts a gift of property - either a personal residence or farm and the donor retains the right to use the property for his/her lifetime. 

Real Estate - Donor gives Timbercrest real estate as a donation. 

Bequests are gifts to Timbercrest at the time of death.  This is the simplest and easiest type of planned giving to implement.  This gift transpires through the donor's will or trust and can be for a specific dollar amount, percentage of the estate or the residue of an estate. 

These funds, unless designated for a specific purpose, are used for Timbercrest's Charitable Assistance Program.  Per Board policy 90% of all bequests are placed into the Endowment Fund with the remaining 10% used as a current gift. 

Individuals providing any planned gift become part of the Timbercrest Sycamore Society.

For information about Charitable Gifts you may call
Susan Frantz, Director of Development
(260) 982-2118
toll free (866) 982-2118
e-mail: sfrantz@timbercrest.org