Fundraising Goal by December 31, 2017: $5,000,000
Raised through August 31, 2016: $808,452
Left to Raise: $4,191,548
Seniors are living longer; with this brings the stark reality that many will exhaust their retirement savings and other sources of income. Known as Benevolence, PVM is there to provide financial support and maintain our trust commitment with residents and their families.
The PVM Foundation will increase its Benevolence Endowment Fund by a minimum of $5,000,000 by December 31, 2017. The funds raised will help support thousands of seniors who have insufficient financial resources, so they are able to remain in their current setting.
“Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts. Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day.”
– Our Ridiculous Approach to Retirement
By Teresa Ghilarducci, The New York Times