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1.  What is the primary purpose of the Cortland Foundation?

  • To secure the resources necessary to enhance the health and well-being of the Cortland Acres community, including long-term care, The Pines, Pineview and future investments.

  • To raise money to help with the capital investments and operational costs of providing quality healthcare.

  • To serve as a way to promote our community’s sense of ownership in the mission of Cortland.

2.  What are the advantages of a Foundation?

  • Fundraising provides opportunities for individuals to invest in their community’s well- being and to leave a legacy

  • Fundraising allows an organization to fulfill its mission quicker and more thoroughly than if it relied entirely on payment for services.

  • Reimbursement for health care is not keeping pace with the cost of providing healthcare.

  • Governmental agencies, regulatory bodies and the public are expecting – and in many cases demanding – services and features within healthcare that are not being  adequately reimbursed.

3.  What types of funds have been created in the Foundation?

  • Programs and Services — This fund is designed to improve and expand existing services.  Funds may be also used for research and development of new services.

  • Residents — This fund is set up to specifically benefit residents of the Cortland community.  These monies may meet individual needs or needs represented by a group.

  • Buildings and Equipment — Included within this fund are facility replacement, renovation, construction and acquisition.  Certain types of equipment used for the care and treatment of residents may also be supported by this fund.

  • Endowment Fund — Endowed funds are permanent resources that grow for the future.  Interest from these funds support projects now or is reinvested to increase future assets.  Gifts may be cash, a bequest, a life insurance policy, real estate, stocks, bonds or other planned giving avenues.

  • Memorial Fund — Established to enable donors to honor and recognize individuals of their choice, this fund goes toward general efforts so designated by the Foundation Board of Directors.

  • Named Fund — A donor may choose to create a named fund.  This fund may be structured to narrowly define the use of the fund proceeds in light of the specific interest of the donor.  There are specific requirements in order to create a named fund.

  • General — Donations to this fund may be used to support any purpose consistent with the mission of the Foundation.  General funds may be used to help support any or more of the other funds.

4.  Can money given to the Foundation go for a specific purpose?

  • Yes, the Cortland Foundation accepts gifts donated to an established program or for a specific purpose as long as that purpose is within the scope of the Foundation’s mission.

  • The Cortland Foundation also accepts gifts for undesignated or unrestricted use.

5.  What types of gifts can be accepted by the Foundation?

  • Cash and cash equivalents in any form.

  • Publicly traded securities, shares of stock in closely held companies, bonds and government issues.

  • Real estate including houses, condominiums and commercial properties and undeveloped land.

  • The Foundation will consider gifts of tangible personal property, including but not limited to, historical objects and works of art.

6.  What types of gifts cannot be accepted by the Foundation?

  • The Foundation cannot accept gifts that involve unlawful discrimination based upon race, religion, sex, age, national origin, handicap or any other basis prohibited by federal, state, and local laws and regulations.

  • The Foundation cannot accept gifts that obligate it to violate any other applicable law or regulation or the Foundation’s certificate of incorporation or by-laws.

7.  I want more information or who do I contact to give?

  • Lois Nelson, Foundation Director, 304-463-4181, ext 253.

  • Or mail: Cortland Foundation Inc.; 39 Cortland Acres Lane, Thomas, WV  26292

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