F O U N D A T I O N

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PURPOSEFUL2 0 1 6 F O U N D A T I O NR E P O R T

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Table of ContentsIntroduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3A Message from the Director . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Fund Inspires New Leaders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8-9 Trail Fulfills a Dream . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10-11Foundation Financials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .122016 Total Donations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13Partnership Provides Care . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14-15Donations Impact Communities . . . . . . . . . . . . . . . . . . . . . . . . . . . 16-17Lodge Benefits Community . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18-19

Cover: Resident Suta Tilton explores her talent in an art class at Claridge Court. Right: Resident Sandee Schantini finds purpose at Village on the Green.

Mission StatementTo support the health and welfare of our residents through philanthropy.

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It is our reason for being: The Lifespace Foundation ensures that residents thrive no matter their financial circumstances.

This is our motivation: Our donors give because they care for others.

These are our gifts made with intention: Every contribution matters when it’s a purposeful gift.

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A Message from the Director

Everywhere I look in Lifespace Communities, I see the impact of giving. Fitness centers are filled with state-of-the-art equipment. Residents enjoy beautiful outdoor spaces. Campuses offer spiritual care through thriving chaplaincy programs. These outcomes are on purpose: They are the result of thoughtful, intentional support of The Lifespace Foundation.

Thanks to the generosity of residents, board members, team members and friends, 2016 was a year of continued growth for The Foundation. We increased benevolent support, keeping Lifespace’s promise to provide lifetime care for all residents regardless of their financial circumstances. We continued to provide aid for team members through scholarship funds and emergency assistance grants. Because of our donors, The Foundation furthered Lifespace’s mission to create communities that celebrate the lives of residents and team members.

For residents, team members, families, partners and friends, Lifespace is more than just a place to retire – it’s a place to live. That aim is clear as I visit our campuses. I see that we all seek the health and well-being of each community. I marvel at our shared belief that we can create vibrant communities through philanthropy.

Our common goal is to ensure that everyone thrives. Our donors made this vision a reality in 2016. I hope you enjoy reading our annual report and learning more about what we are accomplishing together by being purposeful.

Resident Tweeza Gramley pursues her fitness goals in the gym at Deerfield.

Sue McEnteeDirector, Lifespace Foundation

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“ We are committed to providing residents with a lifetime of the best possible care.”

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Executive Summary

Each and every gift to The Lifespace Foundation has tremendous impact. Through purposeful giving, donors to The Foundation help residents live more fulfilling lives.

The Foundation traces its rich history of service and care back 25 years, yet it continues to experience historic growth due to the intentional efforts of its supporters. In all, The Lifespace Foundation received nearly $1 million in donations in 2016.

These gifts reflect the hard work of The Foundation advisory committees at every Lifespace community as well as the generosity of Lifespace’s residents, team members, partners and friends.

In 2016, The Foundation’s advisory committee chairs partnered with team members to explore how to further meet the needs of their communities. Through their work, these resident volunteers are making each Lifespace community a better place to live and work.

Endowed benevolent care funds at all 12 Lifespace campuses continued to grow in 2016, fulfilling Lifespace’s promise to provide lifetime care for residents. Altogether, these endowments, started in 2015, grew to $800,000 in 2016. This means that if a resident is unable to pay for services due to unforeseen circumstances, Lifespace will provide financial assistance through benevolent care.

The Foundation also set the stage for its biggest fundraiser yet - an inaugural golf classic held in Streamsong, Florida, in 2017. The annual event will significantly increase The Foundation’s endowed benevolent care funds.

Other celebrations include new external grant funding that will assist memory care team members with critical certification training, and the establishment of the Charles M. Hall Nursing Education Fund. The fund, created in honor of Lifespace team member Charles Hall, will help team members pursue continued education in the nursing field.

Together, these successes will make a life-changing difference – in the form of bright futures and renewed purpose – for all members of the Lifespace family.

Peter and Emily Spadaro are happy to call Friendship Village of South Hills home.

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“ This scholarship enables Lifespace team members to pursue or broaden careers in nursing care.”

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Fund Inspires New LeadersFor Charles Hall, nursing was more than a career. It was a lifelong passion.

As Lifespace’s director of clinical excellence, Hall was a beloved mentor to the nursing directors, health center administrators and front-line caregivers at all 12 Lifespace campuses, says Sara Hamm, vice president of successful aging and health services.

Now Hall’s dedication is inspiring even more Lifespace team members to follow their dreams.

After Hall’s passing in 2016, The Lifespace Foundation established the Charles M. Hall Nursing Education Fund as a tribute to his memory. The fund supports team members pursuing nursing careers or returning to nursing school for advanced education.

“Communities across the world are challenged with growing health care needs and a diminished number of nurses,” Hamm says. “Our hope is that this fund will grow each year and allow more team members the opportunity to pursue nursing and advanced nursing degrees with additional financial support.”

The scholarships will be funded each year through contributions from team members, residents, friends and corporate partners.

Hall stressed the importance of using metrics to improve the quality of health care services. The system he helped implement is one reason Lifespace’s health services consistently receive exceptional ratings from regulatory agencies.

“Hall was not only an incredibly gifted clinician, he dedicated his nursing career to improving the quality of care and the quality of life for aging adults,” Hamm says. “He would be proud to know that this scholarship enables Lifespace team members to pursue or broaden careers in nursing care.”

Resident Lucille Pell works with team member Christine Shroeder in the gym at Beacon Hill.

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Trail Fulfills a Dream

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Throughout her life, Darrel Alkire delighted in being outdoors and cultivating flowers. She continued to indulge her love of nature with regular walks on the grounds of Friendship Village of Bloomington in Bloomington, Minnesota, where she lived for more than 15 years.

After Alkire’s death, her children sought a way to memorialize their mother in the setting she cherished, says Sue McEntee, director of The Lifespace Foundation. While collecting her belongings, they spoke with the community’s groundskeeper and that conversation planted the seed of an idea.

The groundskeeper mentioned a project the community had been dreaming about: a trail system to go around Friendship Village of Bloomington and connect to adjacent city trails.

In the hilly surroundings of Friendship Village of Bloomington, the so-named Woodlands Trail will offer residents an appealing, flat surface for walking and taking in the outdoors.

“My mom always loved flowers and gardens,” says Alkire’s daughter, Janice Ruggles. “While I was growing up, she was very active in garden clubs and had beautiful gardens that she tended herself.”

At Friendship Village of Bloomington, Alkire found a community of friends who became her second family, Ruggles says.

“Our family can’t think of a better way to honor our mother than supporting a project at the community she loved,” Ruggles says.

David Miller, Friendship Village of Bloomington’s executive director, says the trail will fit in with the community’s aesthetic and philosophy.

“It will be a wonderful way to access the greater campus in a beautiful setting,” he says. “It adds to our belief that an active lifestyle contributes to successful aging.”

The needs and interests of residents will drive the project, Miller says. A community landscape committee, whose members will include residents, will provide input and recommendations about the trail’s design.

“This gift is about a family giving back to a community who gave so much to their mother,” McEntee says. “It will give joy to others for years to come.”

The new Woodlands Trail will enhance the beautiful gardens and grounds at Friendship Village of Bloomington.

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“ This gift is about a family giving back to a community who gave so much to their mother.”

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Foundation Financials

Assets released from restrictions for Foundation projects

$(383) $(489)

Transfer of Brede-Wilkins $(1,890) —

CHANGE IN NET ASSETS $(1,282) $(30)

NET ASSETS AT BEGINNING OF YEAR $6,499 $6,529 TOTAL $5,217 $6,499

Statement of Operations and Changes in Net Assets (in thousands)

Foundation Financial Statements Balance Sheet (in thousands)

ASSETS FY 2016 FY 2015

Cash & investments $5,159 $6,237

Other assets $723 $731

TOTAL ASSETS $5,882 $6,968

LIABILITIES & NET ASSETS

Accounts payable $40 $ 113

Gift annuity obligations $320 $356

Unearned contributions $305 —

Total liabilities $665 $469

Net assets $5,217 $6,499

TOTAL LIABILITIES & NET ASSETS $5,882 $6,968

Administrative expenses $443 $250

Change in actuarial obligation gift annuities $56 $72

TOTAL $499 $322

FY 2016 FY 2015

Contributions $998 $804

Investment income (Expense) $492 $(23)

TOTAL $1,490 $781

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COMMUNITY DONATIONS

Abbey Delray $2,656

Abbey Delray South $27,671

Beacon Hill $2,907

Claridge Court $16,304

Deerfield Retirement Community $114,982

Friendship Village of Bloomington $149,679

Friendship Village of South Hills $5,355

Grand Lodge at the Preserve $51,490

Harbour’s Edge $598

Oak Trace $9,736

The Waterford $5,571

Village on the Green $53,787

Brede-Wilkins $82,774

Lifespace Communities $474,914

TOTAL $998,424

2016 Total Donations

Assets released from restrictions for Foundation projects

$(383) $(489)

Transfer of Brede-Wilkins $(1,890) —

CHANGE IN NET ASSETS $(1,282) $(30)

NET ASSETS AT BEGINNING OF YEAR $6,499 $6,529 TOTAL $5,217 $6,499

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Partnership Provides Care

When resident Esther Vassar began organizing a bazaar at Village on the Green, the decision to direct proceeds toward benevolent care was a no-brainer.

“It truly helps the residents who live here,” Vassar says. The benevolent care fund at the Longwood, Florida, community helps Lifespace fulfill its promise of lifetime care for residents.

That first bazaar, held in 2015, featured clothing and other items donated by residents. The boutique shopping experience was such a success that it became an annual event.

The 2016 bazaar reached a whole new level, thanks to The Lifespace Foundation’s partnership with the Chicago-based design company Shiraleah.

When Shiraleah learned about Vassar’s bazaar, it immediately shipped five large boxes of new scarves, handbags and other items for the 2016 sale. The company also donates items to be sold in the gift shops at Oak Trace, a Lifespace community in Downers Grove, Illinois, Beacon Hill in Lombard, Illinois, and Friendship Village of Bloomington in Bloomington, Minnesota.

Sue McEntee, director of The Lifespace Foundation, is appreciative of the gifts from Shiraleah and other partners who understand the importance of giving back and want to make an impact.

“We believe in a mission to support our residents through philanthropy,” McEntee says. “It’s great to have people outside our walls say, ‘Wow, I want to be a part of changing lives, too.”

McEntee estimates the partnership with Shiraleah has raised approximately $10,000 for The Foundation.

At Village on the Green, the bazaar brings smiles to residents and team members, Vassar says. Many take the opportunity to stock up on Christmas gifts.

“The bazaar has been fun for the residents, and it’s been particularly fun for the team members, who I see as part of our family,” she says. “I want them to be happy. It’s a great event.”

Residents Esther Vassar, left, and Bette Ann Leider organize clothing donated by Shiraleah.

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“ We believe in a mission to support our residents through philanthropy.”

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“ These donations help Lifespace deliver on its promise of lifetime care.”

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Donations Impact CommunitiesThe bus at Oak Trace, a Lifespace community in Downers Grove, Illinois, performed dutifully for years.

“The community was having to spend more on repairs,” says Amy LaCroix, Lifespace’s regional operations director. “Residents needed a newer bus.”

When Oak Trace purchased a new bus for resident trips, the community arranged to have the old bus go to Vehicle Donations to Any Charity, a California-based nonprofit that facilitates vehicle donations to charities, churches and schools. The program sells the donated vehicles and sends the proceeds to charities chosen by donors.

Proceeds from the sale of the bus went to The Lifespace Foundation to benefit Oak Trace’s endowed benevolent care fund. The fund helps residents who, through no fault of their own, are no longer able to afford the costs of their care.

Oak Trace residents Carl Berry and his wife, Marion, enjoy peace of mind knowing they will receive quality care at Lifespace.

“We could outlive our retirement funds,” says Berry, who had been retired from his position as a physician for 21 years when he moved to Oak Trace six years ago. “The benevolent care program is reassuring and was a major factor in our decision to come here.”

LaCroix says the donation was a win-win situation.

“Oak Trace had a bus that served the residents, and now money from the sale of that bus will also serve the residents through the benevolent care endowment,” she says.

Individual residents, like an anonymous donor at Abbey Delray, a Lifespace community in Delray Beach, Florida, are also using the program to give their cars for the benefit of The Foundation, says its director, Sue McEntee. For those who are no longer able to drive, donating a vehicle can eliminate insurance and maintenance expenses and provide a tax deduction.

McEntee says the simplest way to donate a vehicle to The Foundation is to contact the Vehicle Donations to Any Charity program directly and designate The Foundation as a beneficiary.

“These donations help Lifespace deliver on its promise of lifetime care,” McEntee says. “It’s an easy way to make an impact in your community.”

Oak Trace resident Carl Berry enjoys peace of mind knowing he will receive lifelong care at Lifespace.

“ These donations help Lifespace deliver on its promise of lifetime care.”

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Lodge Benefits Community

From left, residents Jeanie Snodgrass and Carol Gilfillan enjoy spending time with team member Jill Gordon in the newly renovated card room at Friendship Village of South Hills.

The first thing Jeanie Snodgrass sees when she walks into The Lodge at Friendship Village of South Hills is a staple of a cozy home.

“The fireplace. I love that. It’s just lovely,” says Snodgrass, a resident of the Lifespace community in Upper St. Clair, Pennsylvania. The fireplace is encircled by stone and flanked by 11 floor-to-ceiling windows.

In the past, The Lodge was an unused card room. Residents had long expressed a desire for a new room for private parties, games and simple relaxation. That dream became reality thanks to a gift from residents - a charitable gift annuity by George W. and Audrey H. McGlaughlin.

“Charitable gift annuities are a gift that can keep on giving long after the donor has passed on,” says Sue McEntee, director of The Lifespace Foundation.

It’s also a smart means for planned giving — a way to make a safe investment with a predictable return. The donor gives cash, securities or other assets to create a charitable gift annuity for charity and in return receives fixed payments for life.

“It’s really a very easy planned giving tool, and one of the simplest planned giving tools available to donors and nonprofits,” McEntee says.

The McGlaughlins’ gift allowed Friendship Village of South Hills to make renovations of the former card room and its dark interior. Today The Lodge is a focal point for the entire community, complete with a cocktail bar and seating for up to 32.

For Snodgrass, The Lodge has become a serene sanctuary where she can reflect on life and her late husband.

“I would go down there in the evening and put the fire on, and it was very peaceful for me,” she says.

The room is now a popular spot for residents to meet, play games and host get-togethers.

“George and Audrey loved to play cards, so it’s fitting that their gift would help residents come together and enjoy one of their favorite pastimes,” McEntee says. “It brings so much joy to residents in the community.”

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“ Charitable gift annuities are a gift that can keep on giving.”

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© 2017 Lifespace Communities, Inc.

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