The EastView Endowment Fund

Nonprofits build endowments to provide a nest egg to sustain themselves through difficult times and to use interest accrued by the endowment for needs not ordinarily covered by the operating budget.

A healthy endowment can provide enough additional financial support to allow a nonprofit to avoid difficult decisions, such as having to lay off employees in a recessionary period, or to assist a resident who, through no fault of their own, may find themselves unable to meet EastView’s monthly fees because they have simply outlived their savings and have no family members able or willing to bear the costs of their residency, perhaps including additional assisted living costs. This sort of situation does not happen often, but when it does, revenue from a healthy endowment could be used to cover at least a portion of those costs.

The EastView Endowment Committee worked diligently throughout the fall of 2023, to create the EastView Endowment Fund. The Fund was dedicated to our former Executive Director/CEO Connie Leach in December 2024, in recognition of her years of dedication to our community.