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Asbury Towers Foundaiton Fund

Year Founded

2005

Founder
The Asbury Towers Foundation Board of Directors

Purpose of Fund
The primary purpose of the Fund shall be to provide financial support to Asbury Towers Retirement Community, a not-for-profit agency under Code section 501(c) 3, for purposes of providing benevolence services to its residents.  Should the organization cease to exist and the original purpose of the fund no longer be possible,
the Founding Contributor hereby specifies that the
Fund be used to provide benevolence support to
senior citizens in Putnam County.

History of Fund
In 1964, three Greencastle sisters—May Hammond, Adda Hutcheson and Jane Hays—founded what is now known as Asbury Towers. The home, which began with ties to the Disciples of Christ Church, became affiliated with the United Methodist Church in 1968.

In 2005, Michael Chambers, President, Robert Porter, Treasurer, and Ed Carter, Secretary, initiated the Fund’s development, having recognized the financial challenges posed to Asbury Towers as it fulfills its commitment to its residents. Ed Carter stated, “Fulfilling this pledge while continuing to provide a high level of care and service is what Asbury Towers is determined to do. We are hopeful that many will contribute generously to the Fund, perhaps by designating the fund as a beneficiary of a will or a life insurance policy, so the Fund is able to keep pace with the growing need.”

Asbury Towers Retirement Community is a not-for-profit retirement community. It is affiliated to the South Indiana Conference of the United Methodist Church, but church affiliation or membership is not a requirement for residency.

Grant / Payout History
2007    $1,218.28
2008    $1,389.93
2009    $751.00
2012    $1,443.93
2013    $1,570.51

2015    $1,743.91

2016    $1,805.72
_______________
Total   $9,923.28

 



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