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"I know from personal experience how difficult is the decision
to place a retarded child into a facility outside the home.
When we were struggling with that decision back in 1970 we had
looked at a number of facilities, but could not bring ourselves
to place Stacy in any of them. When we met Executive Director
Claire Hollins and saw the
obvious love and devotion she gave to the Villagers and the
warm, home-like environment she created at Hope Village, it made
our decision so much easier and we never regretted our choice."
~ Dr. C. Eugene
Carlton, Jr.
Board Member
Past President
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The Stacy Elizabeth Carlton
Endowment Fund was established in 2001 in memory of Stacy
Carlton, a 30-year Hope Village resident and the daughter of
current Board of Directors’ member and past President C. Eugene
Carlton, Jr., M.D. and Mrs. Betty Carlton. The Fund’s income proceeds have become a
permanent, dedicated resource to offset resident tuition for
individuals without adequate private funds.
Historically, the Hope Foundation has provided tuition support to
individuals with limited resources ranging from several hundred
dollars to over one thousand dollars per month over and above the
Foundation’s base resident subsidy. As Hope Village has adjusted
tuition rates to compensate for the increased cost of services, the
need for a dedicated tuition resource has become more significant.
From the onset over 30 years ago, Hope Village was envisioned as a
lifetime home for its residents. Many families have committed their
time and resources to Hope Village knowing that the Foundation’s
commitment to providing a lifetime home will assure a safe and
loving place for the children after the parents’ death.
Resident tuition subsidies along with increased operating expenses
are placing an unsustainable burden on the Hope Foundation
Endowment, resulting in a diminishment of the Endowment’s principal
as the Foundation continues to fund this critical obligation. The
Stacy Carlton Fund provides a vehicle for friends of Hope Village to
support this needed program and to ease the strain of this
particular expense.
As of June 2008, contributions and fund growth to the Stacy Carlton Fund
exceeded $950,000. Contributions include private gifts,
community donations and over $202,000 in proceeds from the First through
Seventh Annual Hope Village Charity Golf Tournaments!
The Stacy Carlton Fund is designed to be a permanent dedicated fund
providing tuition funding from endowment income (versus principal).
The Foundations objective is to achieve an initial endowment funding
goal of $1,000,000 and to make annual distributions of around 5%.
Your donations are the building blocks for this fund, that will
provide care to those in need for generations to come.
The Foundation’s long-range goal
is to achieve a fund balance of $5,000,000 by 2010.
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