The Inouye Fund was established in 1983. It derived from interest on Notes which were part of the purchase price when Friends Hall at Fox Chase, a skilled nursing facility, was sold to Jeanes Hospital in 1982. It is also known as the “William Y. Inouye Fund.”
PRINCIPAL: $432,726 market value 6/30/12
ANNUAL INCOME: $15,449 (FY 2012)
GRANT SIZE: $100 – $36,000
Direct assistance to Friends nursing homes for care provided to elderly Friends. The Friends boarding homes (personal care and assisted living facilities), nursing homes, and retirement communities within PYM area apply for reimbursement (or prospective assistance) for care given their Quaker residents who become unable to pay the full fees.