Powering new programs designed for social impact and financial return
The Porter Hills Foundation has created a self-sustaining fund. Seeded 100% with charitable contributions, the Angel Fund will allow the Foundation to provide investment loans to Porter Hills for the start-up and launch of new programs.
Just like other investors of PRI funds, the Porter Hills Foundation expects to promote charitable activity as well as see a return on its investment. The repayment of investment dollars will be deposited back into the Porter Hills Angel Fund. Over time and as the Angel Fund grows, the Angel Fund will allow Porter Hills to self-fund many, if not all, future programs, projects and quite possibly all of its capital needs.
Porter Hills continues to design leading-edge programs for the well-being and care of seniors. Program success is measured in a number of ways, including a program’s ability to ultimately pay for itself and repay its start up costs.
The Angel Fund, funded 100% with charitable gifts, works like this: Porter Hills presents a proposal to the Porter Hills Foundation for each new program in need of funding for its start-up and launch. Proposal descriptions include a social return as well as a loan repayment schedule. At the end of the loan period, repayment will be made back into the Angel Fund. This repayment creates a fund that is renewable and self-sustaining.
A donor to the Angel Fund only needs to give once. Gifts are invested and reinvested to last forever. And every dollar – not just income on investments – is used to fund life-changing programs.
Angel Fund Requests
In 2014, the Porter Hills Foundation is expecting to receive three funding requests to the Porter Hills Angel Fund. All three projects support collaborative partnerships that advance the care and well-being of seniors in West Michigan.
- Marywood Health Center
A joint venture of Porter Hills and the Dominican Sisters to bring rehabilitation services to the Sisters’ Marywood campus.
- LifeCircles-PACE (Program for the All-inclusive Care of the Elderly) Expansion
Expansion in Muskegon county and new program launch in Ottawa County. Eligible for living in a nursing home, these low-income, frail seniors have elected to stay in their own home. LifeCircles makes that possible.
- Tandem 365 (® pending)
A leading-edge collaboration of Porter Hills, Clark, Holland Home, LiveEMS, and Sunset provides services to frail seniors who prefer to stay in their own homes instead of moving into a skilled nursing care community.
To learn more about our high-impact giving opportunities, contact Michele McIsaac at 616-954-1786 or send us a message.