Arthur C Zief Jr Foundation
Rating: 0 stars 0 0 review 46
20 East 20th Avenue San Mateo CA 94403 USA
The foundation obtains donations to buy homes for the mentally handicapped. The homes are leased to non-profit charitable agencies that provide for the mentally handicapped. The lease money is accumulated along with contributions to obtain more homes. After a few years this should be a self-perpetuating foundation. Benefits to the disabled, their parents, & the government include the following: a. It presently costs the government & taxpayers $100,000 a year to keep a mentally disabled young adult in an institution. B. In a private residential home the cost can be reduced to $32,000 a year, thus saving the government & taxpayers $68,000 a year per person. C. To give mentally disabled a home environment instead of an institutional environment. D. Psychologically this is a big lift to the parents of the disabled to see their child in a residential home. The irs has determined that the money collected for rent to buy additional homes was not taxable.
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