Gillian Sutton, Los Alamos Retirement Community Board President, presents David Izraelevitz, Los Alamos Commuity Foundation Board Chair, with an initial check establishing the LARC Endowment Fund. Also pictured are, far left, Rachel Kizielewicz, Executive Director of the Los Alamos Community Foundation, and Tom Alexander, far right, LARC Treasurer. Photo Courtesy LACF
LACF NEWS
Los Alamos Retirement Community (LARC) and the Los Alamos Community Foundation (LACF) have teamed to initiate a permanent endowment fund to support the long-term financial health of nursing and assisted living options in our community.
Los Alamos Retirement Community (LARC) is an independent, not-for-profit community organization that manages the Sombrillo Nursing and Rehabilitation Center as well as Aspen Ridge Lodge– a state-of-the-art assisted living facility overlooking the majestic Pueblo Canyon.
“We created the LARC Endowment Fund to help keep Sombrillo and Aspen Ridge Lodge available as high-quality care options for our residents to remain in the community they love,” said Gillian Sutton, LARC Board Chair and a local business owner. “Many of us have had family members that have received loving care from these facilities and by donating to this endowment fund we can ensure there remain high-quality care options when nursing care and rehabilitation is needed.”
LARC seeded the effort with internal funds and seeks to further grow the fund to provide consistent financial support for operational and capital needs. Funds are invested and draw investment income while preserving and growing the endowment corpus into the future.
The Los Alamos Community Foundation was created in 2015 to promote development of permanent, prudently invested funds to support local organizations such as LARC, as well as to provide local philanthropically-minded residents opportunities to make a permanent impact in support of Los Alamos nonprofits.
Information about making contributions to the LARC Endowment Fund can be found in the LACF website, losalamoscf.org/index.php/donate/. If donating by check, please write “LARC Endowment Fund” in the check memo field.
Additional questions on ways to give to the fund can be directed to Rachel Kizielewicz, Executive Director of the Los Alamos Community Foundation, at rachel@losalamoscf.org or 505.661.4420.