Jeanes Funds

The following invested funds are under care of the Aging Assistance Granting Group.

 


ANNA JEANES FUND #1

ESTABLISHED:

Established by will of Anna T. Jeanes, who died in 1907, for assistance to “Disabled Women residing in the Quarterly Meeting Homes for Disabled and Infirm Friends and those in sympathy with us.” During the 1890s, Anna Jeanes had given many thousands of dollars to Hicksite Quarterly Meetings to enable them to establish boarding homes. The fund is now used for pocket money for women residents, and for the general benefit of residents – birthday parties, activities programs, etc.

PRINCIPAL: $289,189 market value 6/30/2012

ANNUAL INCOME: $8,589 (FY 2012)

GRANT SIZE: $100 – $36,000

PROJECTS:

For individual woman residents in Friends Boarding Homes or Nursing Homes within the Philadelphia Yearly Meeting, for non-room-and-board expenses, or for activities funds for the general benefit of residents.


REBECCA C. LIPPINCOTT FUND

ESTABLISHED:

Created in 1993 by termination of a trust established by will of Rebecca C. Lippincott. The trust only called for money to go to a “Fund for the Elderly”; Representative (now Interim) Meeting gave Friends Committee on Aging the responsibility of deciding how it would be used. They decided to use it to supplement Anna T. Jeanes Fund #1. After an initial three-year trial period of such use, the Committee confirmed its use for this purpose indefinitely.

PRINCIPAL: $64,040 market value 6/30/12

ANNUAL INCOME: $2,286 (FY 2012)

GRANT SIZE: $100 – $36,000

PROJECTS:

The Friends boarding homes (personal care and assisted living facilities), nursing homes, and retirement communities within the PYM area apply for direct assistance to their residents.


 

WILLIAM SATTERTHWAITE/ANNA J.H. HALLOWELL FUND

ESTABLISHED:

Established in 1962 by will of Anna J.F. Hallowell, who died 6/2/41. “The income from which to be distributed by the Committee in charge of the fund established under the will of Anna T. Jeanes for Disabled Women residing in the Quarterly Meeting Homes in the same manner as said fund is distributed, except that the distribution hereunder shall be made without regard to sex.” (This fund has been combined with Jeanes Fund #2 since 1970.)

PRINCIPAL: $11,415 market value 6/30/12

ANNUAL INCOME: $408 (FY 2012)

GRANT SIZE: $100 – $36,000

PROJECTS:

Assistance to Friends nursing homes for care provided to residents. Friends nursing homes within PYM are apply for reimbursement (or perspective assistance) for care given their residents who become unable to pay the full fees.


LIDA W. VAN IDERSTINE FUND

ESTABLISHED:

Established in 1956 by will of Lida W. Van Iderstine for all Friends boarding homes within the area of Philadelphia Yearly Meeting.

PRINCIPAL: $57,930 market value 6/30/12

ANNUAL INCOME: $2,068 (FY 2012)

GRANT SIZE: $100 – $36,000

PROJECTS:

Projects of Friends Boarding Homes (personal care and assisted living facilities) within the PYM area which will improve the safety or quality of life of residents.


In 2016, the following funds under care of the Jeanes Granting Group were transferred to the newly-formed Quaker Buildings and Programs Granting Group: