Join us in our mission to raise $500,000!
The Friendship Home is a small, non-profit, Christian based nursing home that has been a community staple for 65 years. Like most small nursing homes in Iowa, we are struggling to continue to provide care to those in need. It is no secret that the healthcare system has struggled for years and many nursing homes across the country are closing their doors. The industry was unprepared for the impact that the pandemic would have. Many healthcare workers across the country fled for other types of employment. The increased need for costly supplies, coupled with the exorbitant expense of hiring temporary workers to combat our workforce shortage, has drained our monetary resources, and left us with depleted Foundation funds. Unexpected building expenses, such as elevator repairs, HVAC system upgrades, water heater replacement, and new boilers, have contributed to our dilemma. In addition, the lengthy Medicaid application process and low Medicaid reimbursement rates have created grave consequences for our nursing home. We are taking measures to prevent further challenges, including updating policies, decreasing agency employees, increasing efforts in recruitment and retention, and cutting expenses. We are in a rural area with fewer and fewer facilities like ours remaining open. The people we provide services for are our friends, family, former teachers, pastors, and other community service providers. Our lovely nursing home is now treading water, trying to survive. We are desperately seeking help for our 40 residents and 60 employees. We are one of the few facilities in the area that provide a secured memory unit. Some of our residents have been here for 20 plus years! Please know that we are blessed to also have an adjoined licensed daycare facility. The daycare facility, The Children's Nest, is the only state licensed center in Audubon County. It currently employs 13 staff members and has 35 children that attend. Should our nursing facility be forced to close, our daycare facility would need to close as well. We are desperately seeking help for our residents, employees, community and loved ones.
We have a fundraising goal of at least $500,000. Please help us continue our mission of “Caring for our residents in a Christian setting of compassion and choice.” Join us in our mission to help save our beautiful nursing home by clicking the link below. You can also pay by Venmo. If you would like to donate in memory of someone, please list that on your Venmo payment. We also accept cash or checks which can be mailed or brought to the Friendship Home. Please make checks out to the Friendship Home Foundation. If you have any questions, please contact our Marketing & Foundation Director, Amy Madsen at
712-563-2651 or at amadsen@friendshiphome.com
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oTHER Ways to Give
There are many ways you can give to make a difference at the Friendship Home and impact the lives of our residents. When you're ready to make a donation, contact Amy to discuss how your gift can be used.
Cash. The simplest way to make a difference, you can write a check to the Friendship Home Foundation or drop off a gift of cash. We will promptly send you a thank-you receipt for gifts of all sizes.
The Norma B. Petersen Memorial Nursing Scholarship. The Norma B. Petersen Memorial Scholarship will be available for tuition, books, and other legitimate school needs for students. The scholarship will be made payable directly to the educational institution once a verifiable Student ID number has been received. Click here for more information.
Securities. Gifts of appreciated securities help the Foundation, and they escape any capital gains tax you would have had to pay. Simply call the Friendship Home Foundation and we'll help you to transfer the stocks. If you hold the stock certificates yourself, mail them and a completed stock power form in separate envelopes (by certified mail) on the same day.
Real Estate. A gift of real estate is a wonderful option, especially in a rural community where farmland holds great value. Real estate can be given as an outright gift or through an estate plan. If you would like to retain an income from the property but still make a donation, real estate can be given to fund a charitable remainder trust. All gifts of real estate, such as a residence, farm, undeveloped land, vacation home, or commercial property should be approved by the Foundation board.
Grain or Livestock. If considering an outright gift, farmers should look into the value of giving grain or livestock. When the producer transfers legal ownership of grain or livestock to the charity before it is sold, the producer will not realize taxable income from the sale, thus minimizing taxes. The individual can still, however, claim all production costs as deductible expenses for income tax purposes. Because there are specific rules, work with your tax advisor before completing this type of gift.
Retirement Plan Assets. Often overlooked, retirement plan assets [IRA, 401(k), 403(b), pension or other tax-deferred plan] are a simple and tax-smart way to give. When left to heirs, retirement plan assets are subject to income and estate taxes (if applicable). If given to a charitable organization, the assets transfer tax free and the estate qualifies for a charitable deduction. To make a gift, simply list the organization on the plan's beneficiary designation form, which you can request from the plan's custodian.
Life Insurance. Life insurance can be given outright or through your estate plan. The simplest way is to name the charity as beneficiary of the policy, and the gift will come to the orgnaiztion when the esate is settled. Insurance can also be given outright--transfer ownership of the policy to the organization. You can then make charitable donations each year, which the charity can use to pay the premiums. The organization then benefits from the proceeds of the policy.
Bequest Gift. If you are unable to part with assets today but would like to leave a legacy for the future, consider a charitable bequest. You can name the charitable organization as a beneficiary in your will or trust. Gifts can be made of a specific amount, a percentage of the estate, or contingent upon certain circumstances. Work with your attorney or advisor when making this type of gift.
Life Income Gift. Another option would be to transfer assets to a charitable remainder trust, which would pay you an income for life (either a set amount or variable percentage) and then transfer to a charitable organization. This is a good option for someone who needs to maintain a stream of income, but ultimately wants to leave a legacy gift.
For more information or to make a charitable gift, contact Amy Madsen, Foundation and Marketing Director, at 712.563.2651 or email amadsen@friendshiphome.com. The Foundation strongly encourages all individuals to work with their personal professional advisors before making a gift. While we can give you information on ways to help the Foundation, we do not provide legal or financial counsel.
To be removed from all mailing lists regarding the Friendship Home Foundation or fundraising efforts, please email amadsen@friendshiphome.com. Include your name and your request. Thank you!
Cash. The simplest way to make a difference, you can write a check to the Friendship Home Foundation or drop off a gift of cash. We will promptly send you a thank-you receipt for gifts of all sizes.
The Norma B. Petersen Memorial Nursing Scholarship. The Norma B. Petersen Memorial Scholarship will be available for tuition, books, and other legitimate school needs for students. The scholarship will be made payable directly to the educational institution once a verifiable Student ID number has been received. Click here for more information.
Securities. Gifts of appreciated securities help the Foundation, and they escape any capital gains tax you would have had to pay. Simply call the Friendship Home Foundation and we'll help you to transfer the stocks. If you hold the stock certificates yourself, mail them and a completed stock power form in separate envelopes (by certified mail) on the same day.
Real Estate. A gift of real estate is a wonderful option, especially in a rural community where farmland holds great value. Real estate can be given as an outright gift or through an estate plan. If you would like to retain an income from the property but still make a donation, real estate can be given to fund a charitable remainder trust. All gifts of real estate, such as a residence, farm, undeveloped land, vacation home, or commercial property should be approved by the Foundation board.
Grain or Livestock. If considering an outright gift, farmers should look into the value of giving grain or livestock. When the producer transfers legal ownership of grain or livestock to the charity before it is sold, the producer will not realize taxable income from the sale, thus minimizing taxes. The individual can still, however, claim all production costs as deductible expenses for income tax purposes. Because there are specific rules, work with your tax advisor before completing this type of gift.
Retirement Plan Assets. Often overlooked, retirement plan assets [IRA, 401(k), 403(b), pension or other tax-deferred plan] are a simple and tax-smart way to give. When left to heirs, retirement plan assets are subject to income and estate taxes (if applicable). If given to a charitable organization, the assets transfer tax free and the estate qualifies for a charitable deduction. To make a gift, simply list the organization on the plan's beneficiary designation form, which you can request from the plan's custodian.
Life Insurance. Life insurance can be given outright or through your estate plan. The simplest way is to name the charity as beneficiary of the policy, and the gift will come to the orgnaiztion when the esate is settled. Insurance can also be given outright--transfer ownership of the policy to the organization. You can then make charitable donations each year, which the charity can use to pay the premiums. The organization then benefits from the proceeds of the policy.
Bequest Gift. If you are unable to part with assets today but would like to leave a legacy for the future, consider a charitable bequest. You can name the charitable organization as a beneficiary in your will or trust. Gifts can be made of a specific amount, a percentage of the estate, or contingent upon certain circumstances. Work with your attorney or advisor when making this type of gift.
Life Income Gift. Another option would be to transfer assets to a charitable remainder trust, which would pay you an income for life (either a set amount or variable percentage) and then transfer to a charitable organization. This is a good option for someone who needs to maintain a stream of income, but ultimately wants to leave a legacy gift.
For more information or to make a charitable gift, contact Amy Madsen, Foundation and Marketing Director, at 712.563.2651 or email amadsen@friendshiphome.com. The Foundation strongly encourages all individuals to work with their personal professional advisors before making a gift. While we can give you information on ways to help the Foundation, we do not provide legal or financial counsel.
To be removed from all mailing lists regarding the Friendship Home Foundation or fundraising efforts, please email amadsen@friendshiphome.com. Include your name and your request. Thank you!
