Grandparents Day
Come celebrate Grandparents day on Sunday September 12th at 2:00 pm. We will be having entertainment by Gus Barker and serving refreshments.
HuHot Charity Care Fundraiser
SAVE THE DATE: WEDNESDAY OCTOBER 27, 2010. HuHot in College Square Mall, Cedar Falls is donating 10% of their proceeds between the hours of 5-8 and 100% of the grilling tips. We will be having "Celebrity Chefs" and a 50-50 raffle. Bring all your friends and family! Hope to see you there!!
Planned Giving
Benefits of Planned Giving
Planned Giving is an opportunity for charitable giving that provides all parties with a benefit. Your planned gift will provide a foundation for the Presbyterian Village’s future while meeting your current financial and personal goals. Below are just some of the different options one could utilize for charitable giving:
• If you want to provide a future benefit to the Presbyterian Village, but are not yet comfortable giving away assets you may need in the future, you might consider including a bequest in your will or living trust. It can be for a specific dollar amount, specific assets, a percentage of your estate, or by leaving the remainder of your estate after other distributions have been made. Your bequest gift can be made in memory or honor of a loved one, making a meaningful tribute to their life. A gift through your will is simple and has no current financial impact, leaving your current lifestyle unchanged. Your estate will also receive a deduction, which helps to reduce any death taxes that may be due. Property that passes by a beneficiary designation (such as individual retirement accounts or life insurance) can be left by designating the charity as a beneficiary. The designated amount will be applied for the purpose you choose at the Presbyterian Village.
• If you are comfortable making a current donation of assets now, but would like to receive a regular payment stream for the rest of your life, a “life income” gift plan would be the option for you. A Charitable Gift Annuity (CGA) is an agreement where a donor makes a gift of cash or property and a charity agrees to make fixed payments to the donor for life. A portion of each gift annuity payment to the donor is tax-free. The donor receives a current federal income tax deduction for the present value of the gift to charity. At the end of the contract term, the remainder will be distributed the Presbyterian Village to be used for the purpose you designate.
• Similar to a gift annuity is a Charitable Remainder Trust (CRT). This provides regular payments to you and/or other beneficiaries you designate for life or for a selected term of years. This trust allows you to identify multiple beneficiaries and choose the manner in which your annual payment will be calculated. This is a tax-exempt trust that can sell the appreciated property without paying capital gains tax. You will be eligible for a current income tax deduction. The remainder is then put to use by the Presbyterian Village as you choose.
The Presbyterian Village does not provide legal or tax advice. Please consult your legal and tax advisors regarding your individual situation.
Entertainment
The Presbyterian Village is always looking for people to provide some entertainment for our residents. If you have a special talent and would like to perform for us, please see Carol in activities.
State Fair
It was State Fair week at the Village August 23rd thru the 27. Residents enjoyed fun activities all week long. We had deep fried twinkies, deep fried candy bars, funnel cakes. We also had the Dakota sisters perform, the llama's visted. Residents also got airplane rides and tram rides around Ackley. See our photo gallery for pictures!!
Prarie Bridges Picnic
We are going to be having our 4th annual Prairie Bridges Picnic on Tuesday, September 14, 2010. The residents will be enjoying a picnic lunch, golf cart rides & tram rides around the park.
New Technology at The Village
We now have institued a new program. The internet service called Skype enables people to see and speak to one another over the internet for FREE! If you are interested in Skyping with your resident you will find more detailed information in letter you will be receiving in the mail or call The Presbyterian Village at 641-847-3531 for more information.
Funding Cuts
Presbyterian Village Faces Funding Cuts
This photo and article by Becky Schipper is reprinted courtesy of the Ackley World Journal:
Schools are not the only place that budget cuts are hitting hard. Just ask Julie Hinders, CEO/Administrator of Presbyterian Village in Ackley. The look on her face will tell the story. Couple those budget cuts with some of the lowest reimbursement rates in the country, and you have a recipe for tough times. In some cases, facilities are closing wings or making lay-offs in order to meet their budgets.
"Long term care facilities are struggling," she explains. "We're all in the same boat. The funding system is inadequate which is causing some Iowa facilities to close the doors or refuse care to those on Title XIX."
Presbyterian Village is not one of them. Fortunately the Ackley facility continues to meet their mission of serving everyone, in spite of the cuts. "Thirty-five percent of our population are Title IX patients," Julie states. "Each day, we face a loss of up to $31 per day for each of these residents. That doesn't include their personal items such as over-the-counter medications, incontinence briefs and more that aren't covered."
In most facilities those costs get passed on to private-paying residents.
"At the Village we depend upon our foundation to help cover those losses," states Hinders. "Unfortunately, donations to the foundation are also down due to the economy - a double whammy."
She adds that the economy is raising the number of those who are or will soon rely upon Medicaid. "We see residents who are cashing in CD's, dipping into their savings, and more to maintain their care. They're doing all they can."
Hinders, and the staff at Presbyterian Village are also doing all they can and have already made some big changes in order to continue meeting the needs of those who call the Village home. "We've restructured benefits for the staff and have cut hours in every department," she states. "We're not doing big lay-offs. We have a strong commitment to keeping our staff."
As Ackley's biggest employer, the task is not easy. The 170 staff members have been asked to brainstorm ideas where costs might be shaved. "We've told them that no idea is too small or unimportant. My door is always open (for suggestions). There are no bad ideas." she remarked. "Most of our employees, even some that are most affected, are very positive and are coming up with many ways for us to trim the budget." From different work schedules, discontinuing the uniform allowance to ideas for generating additional revenue, the staff is pulling together in an effort to help the facility.
"We are working hard to reduce expenses while maintaining quality care for our residents," she reports. Hinders notes that along with reducing overtime, changing benefits and hours for staff, they have changed the pharmacy they use to a smaller Iowa-based company with less overhead. They've also changed their workman's comprehensive insurance carrier and supply vendors along with looking into new grants and more.
"We have to meet regulations and maintain our quality of care. We can pull the covers over our head and hope to survive the economic crisis, or we can take control of our destiny and invest in our future." She continued, "We are choosing the latter and our board has been holding long range planning meetings to map our future. Rather than just make cuts, we are also looking at ways to generate more revenue, including program expansion and new fund raising initiatives." The facility remains a non-profit organization, governed by a local board with decisions being made locally.
"We will celebrate our 75th anniversary next year and we want to be sure we are here for another 75 years," Hinders pointed out. "While the times we are facing right now are difficult, we are choosing to be optimistic about the future."
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