Bay Village Endowment Fund

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Nonprofit Info

  • EIN 59-1958932
  • (941) 966-5611
  • 8400 Vamo Road Sarasota FL 34231-7807 USA

 

 

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Nonprofit Overview

Causes: Homeless & Housing, Senior Citizens Housing & Retirement Communities, Seniors

Mission: The endowment fund supports bay village of sarasota, inc, (the "corporation") by making distributions to the corporation to assist in the operation and maintenance of the continuing care retirement community operated by the corporation, and to assist needy residents of the corporation, a not-for-profit organization meeting the requirements of sections 501(c)(3) and 509 (a)(2) of the internal revenue code of 1986, as amended. In order to accomplish the foregoing purpose, the endowment fund distributes at least 85% of its net income to the corporation to assist in the operation and maintenance of the corporation's continuing care retirement community, and to assist needy residents of such retirement community in times of financial difficulty. This fund was started in 1980 to address bay village's commitment to the lifecare concept. Today, the endowment fund is made available to those residents, who, through no fault of their own, have financial problems prohibiting then from meeting thei

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