Treasure

Both Kendal at Ithaca, Inc. and the Residents' Association of Kendal at Ithaca, Inc. are not-for-profit 501(c)3 corporations. Gifts made to either can qualify as charitable donations. Gifts may be designated for a specific fund already established by Kendal at Ithaca, or may be restricted to a purpose which is mutually agreed upon between the donor and Kendal at Ithaca. These donations can take any of several forms:

Unrestricted donations are those donated without specification of a particular use by the donor. Kendal at Ithaca can use the money for any purpose it wishes.

Restricted donations are designated by the donor in writing for a specific purpose. An example of this is the Resident's Reserve Fund, which has been set up to provide charitable assistance to those who outlive their assets. Other campaigns have been conducted for such specific projects as the tennis courts, the grand piano, the perimeter walkway and the putting green. A Kendal at Ithaca Scholarship fund at Cornell University is also sustained by donations.

Memorials and gifts are a way to pay tribute to those who have died or to honor a special occasion in the life of a person. The Memorial and Gifts Committee of the Residents' Council maintains a list of possible gifts and describes the procedures to be followed.

Pooled income funds are administered both at the local and the corporate levels.   Designations for a specific purpose or a specific Kendal community can be made in these funds.

Residents of Kendal at Ithaca conduct an annual Thanksgiving Offering. The funds are then donated to a local not-for-profit organization, selected by the residents. About 10 local groups have been given significant funds from this offering.