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The Hope Foundation relies on endowment income and
donations to fund approximately 50% of Hope Village's
annual budget. The balance of the funding
comes from resident tuition, day program fees, donations and
enterprise revenue from the Ceramics Program,
Developmental
Center, Village Tea Room & Cafe,
Gift Shop and
Resale Shop.
Hope Village has
expanded its facility to meet the needs of its aging population,
Hope Village needs to substantially increase the size of its
endowment. Obtaining additional endowment funds will allow the Hope
Foundation to
fulfill its goal of affordable residential and respite
care for individuals with mental retardation, specifically the
long-term operation of Hope Village and expansion of
services and residential opportunities.
Hope Foundation’s goal is to obtain additional endowment
principal of $5,000,000. The additional $5,000,000 in endowment
resources will
provide income that will allow Hope Village to fully
cover the endowment's projected portion of operating
expenses from investment proceeds. |