Where The Money Goes
All donations we receive are used to accomplish our mission – to enhance the quality of life of seniors living in long-term care.
For the first 7 years of our history, the majority of our donations were perpetually endowed*, which means they are invested forever. As a result of this strategy, we have managed to create an endowment fund worth over $400,000, from which annual income will be available to help seniors in need in our community.
Going forward, although endowed donations are still accepted, our main goal is to increase our impact in the community, by funding more in equipment, programs and services that are being delivered to our seniors in not-for-profit long-term care. Our strategic priorities guide our funding decisions. To date, we have also managed to provide over $150,000 in funding in alignment with these strategic priorities. However, much more is needed and more needs to be done.
Updated: September 2015
*Our endowment fund is held and managed by the Community Foundation of Ottawa and reinvested according to its Investment Policy. The Community Foundation provides the the Eldercare Foundation of Ottawa with a monthly report on total endowed capital to date, total donations received in the previous month, and a list of donors in the previous month. On a quarterly basis, The Community Foundation provides a quarterly performance report, which shows interest and dividend income earned on the endowed capital (which will be distributed to meet the needs in the community).