Giving to Fahrney Keedy
Write Yourself Into Our Story
Fahrney Keedy has always relied on the charitable support of generous individuals to further our mission of enriching the lives of seniors. Our story began when the family of Dr. Peter Fahrney made a gift of land and buildings in an effort to provide area seniors with a dedicated place to receive quality, faith-based care. Years later, the Keedy family made a generous contribution to expand the services we offer — and the Fahrney Keedy Memorial Home was born.
Now, over one hundred years later, we are building for the “second century” of Fahrney Keedy, and we are turning to the generous hearts of charitable individuals to help us write it.
In early 2017, Fahrney Keedy saw a need to expand our services once again, and to prepare for the coming needs of area seniors. With the Baby Boomer Generation retiring, demand for senior healthcare will increase ten-fold in coming years, with several areas demanding specific attention.
Knowing this, our Board of Directors launched new programs early in 2017 to help us provide for these needs and to ensure that Fahrney Keedy is here for you and your loved ones for decades to come. These programs serve two purposes: to introduce individuals and organizations to the positive impacts that their charitable contributions can have at Fahrney Keedy, and to re-engage those who have already contributed to our mission by outlining what the future holds.
What is charity care?
Eligible residents who cannot afford care, including medical, living, or service-related expenses, can receive charity care. It is a type of relief that we give to residents who have run out of funds to no fault of their own, and has immediate impact.
How much does Charity care cost fahrney keedy?
Charity costs us an estimated $2.5 million.
What is a benevolence trust?
A benevolence trust is an endowment fund. Fahrney Keedy’s has been established with the intent to perpetually support our future charity care.
Why do we need a benevolence trust?
Providing charity care has been a tradition of ours since we were established in 1905. Over time, charity care figures have soared to new levels that our small organization will not be able to afford to provide unless we proactively plan to sustain it. Even for residents who have taken care to manage their finances and planned diligently for their retirement, paying today’s long-term care and medical costs can exceed their many years of saving. Believing that aging is a gift and not a burden, Fahrney Keedy assures its residents that after they are admitted to Fahrney Keedy, they will never be asked to leave if financial resources become depleted.
When was our benevolence trust opened?
It was opened in December 2021 with a principal investment of $85,000
What happens with my benevolence trust donation?
Once donations are received through our accounting department, they are applied to the principal of this endowment, split between two local investment firms: Abeles Flurie Wealth Management Group of Wells Fargo and The Family Heritage Trust Company. They ensure that the principal is invested in markets capable of achieving favorable returns based on our objectives and parameters outlined in the Belevolence Fund IPS.
How can donations be made to our benevolence trust?
Tax-deductible donations can be made by any individual, family, business, or foundation. No gift is too small. They can be made by check, online, or in person. We also have the ability to accept stock donations as well as legacy gifts, including bequests, life insurance, retirement assets, charitable remainder trusts/annuity trusts, and charitable gift annuity/lead trusts.