The Canby Adult Center benefits from a wide variety of support, both financial and in-kind. Our annual income is composed primarily of the following:
- Investment income: 49%
- Federal and state support: 26%
- Donation income: 14%
- Fundraising: 11%
Donation income comes through participant contributions for meals and other services, membership fees, and memorials and bequests. CAC holds several fundraisers every year, the most important of which is our Annual Appeal, launched every November. Government support primarily includes Older Americans Act, Medicaid and Ride Connection funding. Our food program benefits from large monthly in-kind donations from the Oregon Food Bank.
Finally, our investment income is generated mostly from a significant endowment, given to the Center by a grateful client, Alan Glasgow, in 2004. His $4.2 million gift has grown to almost $7 million in 2017, and is managed by Quest Investments, Inc. As per Center policy, up to 5% may be drawn upon annually to support operating expenses. A larger portion is designated as “unrestricted”, available for use in the event of an unforeseen significant expense.
In addition to cash income, the Center receives in-kind donations from many local businesses and individuals – they are too numerous to note here, but their support is invaluable to the Center.