Presbyterian Villages of Michigan 2014 Annual Report

Page 30

PVM Foundation

Focus on Philanthropy Our community of donors made history by contributing the most funds in a single year to the PVM Foundation in 2014, totaling $7.3 million! Listed below are a few of the other significant accomplishments that donors helped to achieve in 2014 for seniors: • The Edward N. and Della L. Thome Memorial Foundation, Bank of America, N.A., Trustee awarded $5 million to PVM Foundation – the largest single philanthropic gift in PVM’s history – to name and complete the expansion of the Rivertown Neighborhood, now The Edward

N. and Della L. Thome Rivertown Neighborhood. • The annual Friends & Family Appeal raised $150,000, the most ever raised during this campaign, with over $138,000 in new cash donations. • The 11th Annual PVM Foundation Gala grossed $315,000 for seniors, the most in the event’s history. • Over 50% of the funding goal has been reached for The Village of Hillside/Friendship Center Renewal Campaign for low-income seniors in Harbor Springs.

2014 PVM Foundation Revenue: $7,337,833* Earned Income

$332,076

Gifts In-Kind

$27,529

Planned Gifts (Unrealized)

$202,751

Cash & Pledges

$6,775,477

*As of December 31, 2014, Unaudited 28 Presbyterian Villages of Michigan


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