Skip to content
Nonprofiteer
← WESTMINSTER-CANTERBURY FOUNDATION

Form 990 for tax year 2024

Filed by WESTMINSTER-CANTERBURY FOUNDATION.

Totals

Total revenue
$25,013,918
Total expenses
$5,727,830
Contributions and grants received
$6,724,980
Grants paid
$2,252,966
Program service revenue
$0
Investment income
$18,288,938
Other revenue
$0
Total assets, end of year
$98,713,369
Total liabilities, end of year
$820,326
Net assets or fund balances, end of year
$97,893,043
Program services expenses (Part IX)
$4,592,420
Management and general expenses
$0
Fundraising expenses
$1,135,410
Program service expenses (Part III)
$4,592,420

Program services were 80.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $6,724,980

  • 1g · Noncash contributions included above

    $554,860

  • 3 · Investment income

    total $1,175,413 · unrelated business $6,373 · excluded $1,169,040

  • 7a · Gross sales of assets other than inventory

    securities $234,945,333

  • 7b · Less cost or other basis and sales expenses

    securities $217,831,808

  • 7c · Gain or loss

    securities $17,113,525

  • 7d · Net gain or loss

    total $17,113,525 · excluded $17,113,525

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,179,429 · program services $2,179,429

  • 2 · Grants to domestic individuals

    total $73,537 · program services $73,537

  • 24a · Other expenses: OTHER ENDOWMENT EXPENSE

    total $1,255,784 · program services $1,255,784

  • 24b · Other expenses: UNDESIGNATED FUND

    total $666,905 · fundraising $666,905

  • 24c · Other expenses: ENDOWMENT FUND RAISING

    total $468,505 · fundraising $468,505

  • 24d · Other expenses: MISCELLANEOUS

    total $324,051 · program services $324,051

  • 24e · All other expenses

    total $759,619 · program services $759,619

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $915,086 · end of year $1,120,428

  • 3 · Pledges and grants receivable

    beginning of year $1,768,976 · end of year $3,225,843

  • 4 · Accounts receivable

    beginning of year $51,928 · end of year $9,102

  • 11 · Investments: publicly traded securities

    beginning of year $51,098,531 · end of year $19,320,801

  • 12 · Investments: other securities

    beginning of year $32,941,162 · end of year $75,037,195

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,566 · end of year $107,277

  • 25 · Other liabilities

    beginning of year $644,960 · end of year $713,049

  • 27 · Net assets without donor restrictions

    beginning of year $28,242,949 · end of year $31,638,820

  • 28 · Net assets with donor restrictions

    beginning of year $57,867,208 · end of year $66,254,223

Mission and programs · 2024

Mission

WESTMINSTER CANTERBURY FOUNDATION RAISES FUNDS FOR FINANCIAL AID TO LOWER INCOME OLDER ADULTS TO ENTER AND LIVE AT WESTMINSTER CANTERBURY(CONTINUED ON SCHEDULE O) RICHMOND AND FOR OTHER PROGRAMS IN THIS COMMUNITY SERVING SENIORS FROM INDEPENDENT LIVING THROUGH NURSING CARE: HEALTH SERVICES; MEMORY SUPPORT THERAPIES; TRAINING OF CLINICAL AND NON-CLINICAL STAFF AND COMMUNITY INTERNS; PASTORAL CARE; THE ARTS; SCHOLARSHIPS FOR CHILDREN IN OUR ON-SITE CHILD DEVELOPMENT CENTER; AND SPECIALIZED STAFFING AND EQUIPMENT TO INCLUDE CHILDREN WITH SPECIAL NEEDS IN OUR CENTER.

Activities or mission (Part I)

WESTMINSTER CANTERBURY FOUNDATION RAISES FUNDS THROUGH ITS ANNUAL FELLOWSHIP FUNDS AND FELLOWSHIP ENDOWMENT FOR FINANCIAL ASSISTANCE (FELLOWSHIP) SO RESIDENTS CAN ENTER AND LIVE FOR THE REST OF THEIR LIVES AT WESTMINSTER CANTERBURY RICHMOND.

  • WESTMINSTER CANTERBURY FOUNDATION IS COMMITTED TO COMPASSION AND EXCELLENCE FOR ALL RESIDENTS OF WESTMINSTER CANTERBURY RICHMOND REGARDLESS OF HEALTH, COGNITIVE OR FINANCIAL STATUS. THE FOUNDATION NURTURES THE SPIRIT OF GENEROSITY TO ENSURE THE BEST LIFE POSSIBLE FOR OUR SENIOR RESIDENTS, PROVIDES SUPPORT FOR OUR WORKFORCE, AND CULTIVATES LEADERSHIP AND INNOVATION IN SENIOR SERVICES. OUR FELLOWSHIP PROGRAM PROVIDES LIFE CARE GUARANTEED ACCESS TO LONG-TERM INDEPENDENT, ASSISTED OR HEALTHCARE AS WELL AS HOUSING, MEALS, MEDICAL CARE, AND ALL THE VITAL LIVING OF WESTMINSTER CANTERBURY RICHMOND FOR MORE THAN ONE HUNDRED SENIORS-IN-NEED WHO RESIDE ON OUR CAMPUS. OUR FELLOWSHIP OUTREACH PROGRAM PROVIDES COLLABORATIVE SERVICES AND SUPPORT TO SENIORS-IN-NEED IN THE GREATER COMMUNITY. (CONTINUED ON SCHEDULE O). WESTMINSTER CANTERBURY FOUNDATION ALSO PROVIDES FUNDING FOR MEMORY SUPPORT THERAPIES, PASTORAL CARE INTERNSHIPS AND PROGRAMMING, WELLNESS AND FITNESS PROGRAMS, CULTURAL ARTS PROGRAMS AND HEALTHCARE EXCELLENCE ENRICHMENT. FELLOWSHIP SUPPORT - WESTMINSTER CANTERBURY FOUNDATION NURTURES GENEROSITY FOR THE NEEDS OF WESTMINSTER CANTERBURY RICHMOND IN CONTINUED RESPONSE TO OUR JOINT FAITH-BASED MISSION OF PROVIDING FINANCIAL SUPPORT FOR SENIORS-IN-NEED THROUGH OUR FELLOWSHIP PROGRAM. APPROXIMATELY 90 PEOPLE RECEIVE THIS NEED-BASED BENEVOLENT CARE PER YEAR, THROUGH A COMBINATION OF FUNDRAISING FOR THE ANNUAL FELLOWSHIP FUND AND DEDICATED ENDOWMENTS HELD BY BOTH WESTMINSTER CANTERBURY FOUNDATION AND THE WESTMINSTER CANTERBURY CORPORATION. FELLOWSHIP PROGRAM SUPPORT IS OFFERED TO NEW RESIDENTS WITH DEMONSTRATED FINANCIAL NEED, ASSISTING WITH ENTRY FEE SUPPORT AND TO RESIDENTS WHO HAVE OUTLIVED THEIR RESOURCES. OUR FELLOWSHIP PROGRAM ASSURES THAT NO RESIDENT WILL EVER BE ASKED TO LEAVE DUE TO AN INABILITY TO PAY THROUGH NO FAULT OF THEIR OWN.

    Expenses $2,128,972 · Grants $2,128,972

  • PROGRAM SUPPORT - THE FOUNDATION PROVIDES FUNDING FOR MEMORY SUPPORT THERAPIES, PASTORAL CARE INTERNSHIPS AND PROGRAMMING, WELLNESS AND FITNESS PROGRAMS, A WIDE RANGE OF STUDIO ARTS CLASSES, LIVE PERFORMING ARTS EXPERIENCES, FUNDING FOR LEADERSHIP AND INNOVATION IN SENIOR SERVICES, SUPPLEMENTAL SCHOLARSHIPS FOR EMPLOYEES' CHILDREN IN OUR ON-SITE CHILD DEVELOPMENT CENTER, PROGRAMMING SUPPORT FOR THE CHILD DEVELOPMENT CENTER, AND HEALTHCARE IMPROVEMENTS. OUR MISSION IS TO NURTURE AND INSPIRE GENEROSITY SO THAT SENIORS MAY LIVE THE BEST LIFE POSSIBLE AND TO CULTIVATE LEADERSHIP IN SENIOR SERVICES BOTH ON OUR CAMPUS AND BEYOND.

    Expenses $1,733,320 · Grants $66,022

  • ADVANCED TRAINING - THE FOUNDATION PROVIDES FUNDING FOR ADVANCED TRAINING FOR CLINICAL AND NON-CLINICAL STAFF TO IMPROVE SERVICE, PROVIDE HEALTHCARE FOR ALL WHO ARE SERVED IN OUR SKILLED NURSING HEALTH CENTER, AND SCHOLARSHIPS FOR STAFF WHO WISH TO ADVANCE THEIR CAREERS. THE FOUNDATION PROVIDES MUCH OF THE FUNDING FOR THE ORGANIZATION'S PROFESSIONAL SCHOOL OF LEARNING, WHICH OFFERS CLASSROOM AND ONLINE TRAINING FOR THE ENTIRE WORKFORCE OF APPROXIMATELY 650 STAFF. THE FOUNDATION FUNDS A FULL-TIME CLINICAL EDUCATOR IN OUR MARY MORTON PARSONS HEALTH CENTER AND A COMPREHENSIVE MULTI-WEEK PRECEPTOR PROGRAM FOR EVERY NEW HIRE IN THE HEALTH CENTER. THE FOUNDATION HAS OFFERED INTENSE INNOVATION TRAINING AND A CAREER LATTICE PROGRAM TO STAFF ACROSS ALL DEPARTMENTS. (CONTINUED ON SCHEDULE O). THROUGH THESE TRAINING PROGRAMS, CARE IS ENHANCED FOR EVERY RESIDENT, AND STAFF MEMBERS HAVE THE OPPORTUNITY TO CONTINUOUSLY IMPROVE THEIR SKILLS

    Expenses $730,128 · Grants $57,972

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary C Frediani

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Stephen Y McGehee

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Russell Aaronson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Ferdinand Baruch

    TRUSTEE (THRU 11/2024)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Wyatt S Beazley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Arthur S Brinkley III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Walter E Bundy III MD

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Jonathan C Chase

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Kate Duval

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • James Edge

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Rev Marlene E Forrest

    TRUSTEE(THRU 12/2024)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Maureen Gallihugh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Myfanwy Monroe Hall

    TRUSTEE(THRU 01/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Robert G Hetherington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • The Rev W Ray Inscoe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • A Cecil Jacobs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Dr Joseph A James

    TRUSTEE(THRU 01/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Susanna B Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Sara M Maynard

    TRUSTEE(THRU 01/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Robert Priddy

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • M Bagley Reid

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Walter S Robertson III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Susan B Scott

    TRUSTEE(THRU 01/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Scott Shaheen

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Ruth Small

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Amanda L Surgner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Dr Marilyn West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • David White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • Cheryl G Yancey

    TRUSTEE (AS OF 1/2025)

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • John Burns

    CEO

    Total calculated
    $702,489
    From this org
    $0
    From related orgs
    $642,199
    Other
    $60,290
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,477 related
    Bonus
    $0 + $187,058 related
    Other
    $0 + $39,664 related
    Deferred
    $0 + $44,038 related
    Nontaxable benefits
    $0 + $16,252 related
    Filer's total
    $0 + $702,489 related
  • W Russell Gardner

    CFO & VICE PRESIDENT

    Total calculated
    $523,930
    From this org
    $0
    From related orgs
    $475,169
    Other
    $48,761
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,829 related
    Bonus
    $0 + $126,738 related
    Other
    $0 + $17,602 related
    Deferred
    $0 + $35,592 related
    Nontaxable benefits
    $0 + $13,169 related
    Filer's total
    $0 + $523,930 related
  • Robert Mann

    VICE PRESIDENT IT

    Total calculated
    $218,330
    From this org
    $0
    From related orgs
    $200,511
    Other
    $17,819
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,825 related
    Bonus
    $0 + $36,084 related
    Other
    $0 + $7,602 related
    Deferred
    $0 + $15,187 related
    Nontaxable benefits
    $0 + $2,632 related
    Filer's total
    $0 + $218,330 related
  • Dan Stackhouse

    VICE PRESIDENT RESOURCE DEVELOPMENT

    Total calculated
    $178,674
    From this org
    $0
    From related orgs
    $162,037
    Other
    $16,637
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $162,037 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,530 related
    Nontaxable benefits
    $0 + $10,107 related
    Filer's total
    $0 + $178,674 related
  • Stacey Nannery

    VICE PRESIDENT SALES AND MARKETING

    Total calculated
    $207,687
    From this org
    $0
    From related orgs
    $181,293
    Other
    $26,394
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,771 related
    Bonus
    $0 + $32,522 related
    Other
    $0
    Deferred
    $0 + $15,859 related
    Nontaxable benefits
    $0 + $10,535 related
    Filer's total
    $0 + $207,687 related
  • Jason Collins

    VICE PRESIDENT FACILITIES

    Total calculated
    $209,191
    From this org
    $0
    From related orgs
    $188,955
    Other
    $20,236
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,937 related
    Bonus
    $0 + $37,018 related
    Other
    $0
    Deferred
    $0 + $9,640 related
    Nontaxable benefits
    $0 + $10,596 related
    Filer's total
    $0 + $209,191 related
  • Chelsea Naylor

    VICE PRESIDENT WORKFORCE SERVICES

    Total calculated
    $231,464
    From this org
    $0
    From related orgs
    $200,555
    Other
    $30,909
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,778 related
    Bonus
    $0 + $35,777 related
    Other
    $0
    Deferred
    $0 + $17,964 related
    Nontaxable benefits
    $0 + $12,945 related
    Filer's total
    $0 + $231,464 related
  • John Loop

    VICE PRESIDENT HEALTH AND WELLNESS

    Total calculated
    $245,337
    From this org
    $0
    From related orgs
    $231,804
    Other
    $13,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $231,804 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,072 related
    Nontaxable benefits
    $0 + $9,461 related
    Filer's total
    $0 + $245,337 related
  • Sharon M Poznanczyk

    DIRECTOR OF NURSING

    Total calculated
    $234,037
    From this org
    $0
    From related orgs
    $205,758
    Other
    $28,279
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,584 related
    Bonus
    $0 + $24,174 related
    Other
    $0
    Deferred
    $0 + $18,381 related
    Nontaxable benefits
    $0 + $9,898 related
    Filer's total
    $0 + $234,037 related
  • Kevin Daignault

    ADMINISTRATOR HOME HEALTH

    Total calculated
    $202,844
    From this org
    $0
    From related orgs
    $188,117
    Other
    $14,727
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,264 related
    Bonus
    $0 + $11,331 related
    Other
    $0 + $10,522 related
    Deferred
    $0 + $5,226 related
    Nontaxable benefits
    $0 + $9,501 related
    Filer's total
    $0 + $202,844 related
  • Martin Kane

    DIRECTOR OF FINANCE

    Total calculated
    $167,920
    From this org
    $0
    From related orgs
    $150,438
    Other
    $17,482
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,120 related
    Bonus
    $0 + $19,814 related
    Other
    $0 + $10,504 related
    Deferred
    $0 + $9,741 related
    Nontaxable benefits
    $0 + $7,741 related
    Filer's total
    $0 + $167,920 related
  • Debra Jacobsen

    ADMINISTRATOR RESIDENTIAL

    Total calculated
    $189,678
    From this org
    $0
    From related orgs
    $164,832
    Other
    $24,846
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,325 related
    Bonus
    $0 + $24,507 related
    Other
    $0
    Deferred
    $0 + $14,473 related
    Nontaxable benefits
    $0 + $10,373 related
    Filer's total
    $0 + $189,678 related
  • Sloan Verlander

    ADMINISTRATOR RESIDENTIAL LIVING

    Total calculated
    $175,264
    From this org
    $0
    From related orgs
    $153,634
    Other
    $21,630
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,642 related
    Bonus
    $0 + $18,777 related
    Other
    $0 + $8,215 related
    Deferred
    $0 + $11,928 related
    Nontaxable benefits
    $0 + $9,702 related
    Filer's total
    $0 + $175,264 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
AN OUTSIDE COMPANY IS ENGAGED BY A RELATED ORGANIZATION EACH YEAR TO ADVISE ON ALL EMPLOYEES' COMPENSATION PACKAGES, INCLUDING THE CEO'S. THE ORGANIZATION AND COMPENSATION COMMITTEE OF A RELATED ORGANIZATION'S BOARD REVIEWS THE RECOMMENDATIONS OF THE OUTSIDE COMPANY. THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD INDEPENDENTLY OF THE CEO, AND ITS DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CLAREMONT ASSOCIATES

    CHARITABLE PURPOSES · VA · income $0 · assets $6,304

    Directly controlled by WESTMINSTER CANTERBURY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
30 July 2026
IRS schema version
2024v5.5
Source object
202642129349301609

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.