$557K in expenses
Goodwin living foundation raises funds to underwrite the goodwin living resident support program which provides confidential financial assistance to residents who have outlived their financial resources. The resident support program covers the monthly fees of those residents who have outlived their resources, through no fault of their own. These fees cover housing, meals, medical care, and the various programming offered through goodwin house alexandria, goodwin house bailey's crossroads, and the view alexandria. The resident support program also covers financial needs for those residents who can pay their monthly fees, but who cannot afford unexpected expenses such as a dental surgery or a vision- saving eye surgery. The resident support program is at the heart of the mission of goodwin living and enables older adults in need of financial support to live with the peace of mind that their housing, service, and care needs will always be met. This peace of mind extends to the family members of our resident recipients as well. In fiscal year 2024, the foundation granted $557,336 to goodwin living to provide for resident support recipients. Goodwin living foundation provided 100% of the resident support program expenses for fiscal year 2024. The foundation raised $683,650 restricted for resident support and any balance of funds not used in the current year will be restricted for that use the following year.
$757K in expenses
Through the generosity of residents, family members, staff, friends, and organizations who wished to partner with our mission, the foundation was able to provide additional support for our residents in a myriad of ways, for a total of $756,603 which included providing for 6 positions ($528,627) - four team members from the brain health department and two music therapists) and supporting several areas of programmatic support ($227,976).the $227,976 for resident programming included horticultural therapy, and administrative support for our equine therapy program. In addition to these programs, we offered memberships to encore learning for a group of residents and a presentation and speaker series from ambassador cindy courville.we offered two different music program initiatives: melody makers and sentimental journey singers. Each of these programs serves a population with unique level of cognition and offers musical engagement for our residents, their family members and volunteers.through our brain health department, we were able to offer the strongermemory curriculum complimentary to thousands of individuals within and outside of our community to those experiencing cognitive decline. This program is also being researched to identify the impact of the program. We are excited that over 35,0000 have now used the program!the chapels on each campus also were supported through generosity, providing support for the floral arrangements, music and programs throughout the year. The foundation received $128,558 in gifts to the hospice fund and utilized $84,553 to provide compassionate care and comfort for many of the patients on our hospice service. 127 of our hospice patients were able to receive massage therapy through healwell and end-of-life doula care through present for you. These services enhanced our ability to provide high quality, patient-centered care to our patients and their loved ones. There were also small but important gestures made to bring joy to a patient's life when family and friends were not around, for example, offering birthday cake and balloons to a patient celebrating her birthday alone, providing a thanksgiving meal to a homebound patient, and funding a spirtual care request to have a priest visit at home during a patient's end-of-life journey.the foundation worked diligently to partner with its donors to support our team members as well, including an important financial educational tool offered through truist bank .
$605K in expenses
Through an incredible outpouring of generosity, we were able to provide $604,965 in funding for team members and their families. (please see details below.) we also provided an additional $201,859 for workforce development initiatives including providing the salary and benefits of our people engagement manager position, who, with a social work background, supports our team members with resources and manages our internship program, community partnerships and coordinates our internal leadership education program.some of the team member support came in tuition assistance grants and leadership opportunities. ($184,364 funded 73 students in their ed26+ucational journeys. Also, we were able to support again a cohort of team members for the advanced certified nursing assistance career ladder initiative which helped them gain important leadership training and advanced certification. We helped to support new nurses in our innovative nursing pathways program. We offered again this year additional funding for children and grandchildren of our team members to receive support for their higher education. 63 children and grandchildren of team members received grants of $500-$1,000 each to ease the burden of educational costs for a total of $42,000. This benefit was received extremely well in our community because many of our team members have completed their formal education yet have a strong desire to support their own children through college.other contributions were used to provide for the u.s. Citizenship application fee program supporting 26 of our staff members and 10 of their family members, totaling $30,688. We also provided course materials for our resident tutors who help our team members prepare for their naturalization test and interview. We believe this is an important program given that one in four of our staff members are foreign born and many wish to pursue us citizenship, but are hindered by the high cost in fees. Out of this program, we also offered funding for daca, work permit and green card renewal fees. Given the high cost of living in our area, many members of our team experience severe unexpected financial difficulties. We offered $136,902 for emergency financial assistance grants to 65 team members. These grants helped team members with overdue medical bills, unexpected car repairs, and assistance with rent under dire circumstances. This assistance provided comfort to those in need and allowed them to continue serving alongside our residents with dignity and their exceptional standards of professionalism and compassion. We are grateful for members of the grants committee which volunteer their time on a weekly basis to evaluate and review grant applications. Their diligence and support help us to offer a fair and systematic approach to reviewing the financial grant applications. New this past year is the truist financial education requirement that asks all grantees to complete at least three modules of the truist financial education curriculum. In doing so, the team members learn to set up a budget and save for emergencies as a minimum, and have the opportunity to explore many aspects of financial education and growth.through the anderson fund and other restricted funds, the foundation was able to provide $4,511 in student loan repayment for 5 team members. We funded the stipends of over 40 highschool and college interns with close to $50,000. These interns had valuable experiences that provided them the opportunity to witness the strong culture of belonging and community at our organization and also to learn about the field of senior living. After completion of the internship program, where they were paired with resident mentors, many said they wanted to pursue a career in senior living, and some wanted to seek employment with goodwin living when they finished school! We have won three annual awards for the excellence in our internship program. Also, we have been able to hire 15 of the interns so far!we also started a new benefit this year for our clinical team members. We offered student loan repayment at the same level of tuition benefits. This was especially meaningful for our clinical team members given that the average person had a student loan debt of over $130,000! Because of the generosity of our donors, we were able to offer $89,244 in loan repayment for 22 clinical team members.
