2015 ANNUAL REPORT

“Good Fortune”

With thanks to Artist and 15 Craigside Resident, Kathy Yokouchi.

2

CONTENTS Mission, Vision, & Core Values

A Message from the CEO

Remembering Winifred Mann

A Benefactor of the Arcadia Family of Companies

A Brief History of the Arcadia Family of Companies

The Arcadia Family at Work in 2015

The Arcadia Family’s Social Accountability to the

Hawai’i Community

Arcadia At Home Reaching More of Hawai’i’s Seniors &

Frequently Asked Questions

2015 Financial Report

Charitable Gift Annuities and the Charitable Gift Annuity Process

A Gifting Invitation

3

4

5

7

9

12

14

16

18

20

THE ARCADIA FOUNDATION

2015 ANNUAL REPORT

The Board of Directors for The Arcadia Foundation:

Norman Chong

Koren Dreher

Marvin Hall

Rev. Dr. Ted Robinson

Emmet White

President and CEO

Emmet White • ewhite@arcadia-hi.org

Chief Financial Officer

Norman Chong • nchong@arcadia-hi.org

Controller

Vivian Lai • vlai@arcadia-hi.org

Produced by the Arcadia Family of Companies

Marketing Department

The Arcadia Family of Companies 1434 Punahou Street Honolulu, HI 96822

808.941.0941 info@arcadia-hi.org

www.arcadia.org

CONTACT US

The Arcadia Foundation is one of seven non-profit 501c3 corporations in the Arcadia Family of Companies.

3

Mission

Provide senior living excellence in a gracious, compassionate and dynamic environment which meets the

spiritual, physical and social needs of every resident, member, and

client we serve.

Vision

We are guided by a vision that calls upon us to provide optimum effort in support of our residents, members, and clients, and to provide benefits and service to seniors in the greater community.

Core Values

We believe that in all we do in life

and in our work we should:

Be humble, be understanding, be gentle, be just, be merciful, be honest, be peaceful, be faithful.

Top: Arcadia; Bottom: 15 Craigside.

Watercolor paintings by Artist Barbara Betts, Arcadia resident (deceased 2011).

Mission, Vision & Core Values

4

A Message from

the CEO

Dear Friends,

Your ongoing support and encouragement over the years has allowed The Arcadia Foundation to provide a caring, growing safety net of quality health services for our kupuna.

This past year, we received cash gifts and marketable securities which we added to our endowment funds. The Foundation continues to earn interest on prior advancements for 15 Craigside, meaning our payments are deferred until certain benchmarks are met.

By way of your donations, The Foundation provides subsidization support to 15 Craigside and Arcadia

residents who have exhausted their resources (not willfully) in order to pay for all or a portion of their care

and services. The Foundation also provides contributions and financial support, including contributions to

non-profit organizations to assist and serve our elderly in the greater community.

Your continued stewardship and contributions enable The Foundation to provide care and gifts to our kupuna

for the years to come.

Sincerely,

Emmet White

President and CEO

“Giving to The Arcadia Foundation is a

wonderful way to share and extend care

and services to residents who may need

assistance in the future.”

Sarah Moriyama, Arcadia Resident

5

In 2015, The Arcadia Foundation received $1.1 million from Winnie Mann’s estate.

Remembering Winifred Mann A Benefactor of The Arcadia Family of Companies

A Mid-Westerner from

Nebraska, Winifred, “Winnie,”

Mann and her husband, Ralph,

came to Hawai’i from San

Diego, California in 1962 when

he was assigned to a U.S.

Department of Defense

position. They moved to

Arcadia in 1983. After her

husband's death in 1999,

Winnie continued to follow her

longtime interests of oil

painting, sewing, reading, and

cartooning.

A prolific artist, her 42 framed oil paintings grace

the hallways and offices in Arcadia.

Seeing her paintings in a photo album, Winnie

expressed, "This is wonderful... delighted to see

these.”

She once shared, “I began painting in high school

when I took an art elective class. I would go to

places and catch people doing

things. If I saw something that

appealed to me, I would paint

it.”

While in her nineties, Winnie

made tiny seasonal note cards.

Using an exactor knife, she

would cut out very small

seasonal pictures from

catalogs and glue them on

unlined colored card stock

index cards. The envelopes

were cut to match the size of

each card.

15 Craigside Resident Irene

Zane shared that, "Throughout

the years I lived at Arcadia, I would go down to

the Arcadia Gift Shop to 'stock up' and purchase

holiday themed cards made by Winnie Mann ...

Christmas, Easter, Halloween, Thanksgiving. They

were extraordinary cards priced at twenty five

cents."

In one of his birthday greetings to Winnie,

Emmet White wrote, "Thank you for sharing your

gift of harmony, wisdom and wit with everyone at

Arcadia, day by day.”

Each day Winnie lived by these virtues with the

following words:

“Imperfection does not impair usefulness

You can drink from a chipped cup

If God brings you to it

He will see you through it.”

Artwork by Winnie Mann

6

Top: (left) Residents at 15 Craigside gather to congratulate Minoru Tamashiro on his recognition by the Entomological

Society of America for his contributions and legacy in the field of Entomology; (right) Toshiko Tamura, a client at

Kilohana Senior Enrichment Center enjoys activities during the day.

Bottom: (left) Clients of Central Union Church Adult Day Care and Day Health Center pose on the lawn on campus;

(right) Adrienne Yee, Frances Yee, and their guest gather for the monthly “Aloha Hour,” which features drinks, pupu, live

entertainment, and fellowship.

7

A Brief History of the Arcadia Family of Companies

Arcadia is the first accredited Continuing Care

Retirement Community (CCRC) in Hawai’i. Founded by Central Union Church, it was opened in 1967, and offers gracious retirement living in an urban setting with easy access to all of Honolulu’s social, cultural, educational and entertainment

facilities, as well as shopping centers and churches.

The 13-story tower residence provides 250

independent living apartments, assisted living, 4 boarder beds, a 91-bed nursing facility, and a range of services (such as healthcare, dining,

housekeeping and security) and amenities (such as a solarium, library, clinic, wellness/fitness center, crafts and a chapel) for over 300 residents.

In 1987, Arcadia became a separate 501(c)(3) non-profit corporation whose sole member is

Central Union Church, and in 1992, Arcadia

purchased the fee simple interest from Punahou School. In 1999, Arcadia completed a $10 million renovation project, and continues to upgrade its

common areas, the independent living units as they become available for new occupants, and its

nursing facility. Arcadia recently completed a $7 mil. renovation of its Lower Level, First Floor and Health Care Center. Recognizing the responsibility which accompanies a 501(c)(3) charitable tax exemption, Arcadia’s

family of companies provides valuable services to Arcadia and the greater community in the following ways: The Arcadia Foundation (TAF), established in 1998 as a support organization for Arcadia, assists in helping with the costs of subsidization for

Arcadia and 15 Craigside residents who have

exhausted their resources and provides monies to assist with the needs of seniors in the community at large. As The Foundation grows, its ability to

provide greater assistance for seniors in need in

Arcadia’s communities and in the greater

community also grows. The Foundation was key to opening our CCRC in Nu’uanu at 15 Craigside.

Residents who call Arcadia home.

8

Established in 2001, Arcadia Elder Services (AES), another support organization for Arcadia, manages operations for Central Union’s Adult Day Care and Day Health Center and for the Adult Day Care and Day Health program at Kilohana United Methodist Church in Niu Valley. These centers provide a caring, safe, nurturing and secure environment for seniors. AES also provides management oversight for all the operating companies in the family. Since 2004, Arcadia Home Health Services (AHHS), also a support organization for Arcadia, has been providing a program of services for seniors who need some help and services in their home, including

personal care, housekeeping, and Arcadia meals. In 2006, Arcadia, The Arcadia Foundation, Arcadia Elder Services and 15 Craigside agreed with the

Hawai’i Conference Foundation of the United Church of Christ to plan, develop, own and operate a

moderate income CCRC on the former site of the

Hawai’i Conference Headquarters in Nu’uanu. 15 Craigside opened in 2011. It is a 13-story tower which provides 170 independent living units (140 one-bedroom apartments and 30 studios), assisted living, 4 boarder beds, a 41-bed nursing facility, and a range of services throughout the building. 15

Craigside includes a spacious lobby and reception area, kitchen and dining area, library, clinic, wellness and fitness center with an indoor swimming pool, a community meeting area, and a solarium with

beautiful stained glass and stunning views. In 2010, Arcadia Community Services, a 501(c)(3) organization, was incorporated to support the

missions of Arcadia and 15 Craigside and to

coordinate the efforts of all of the 15 Craigside and Arcadia programs and companies, including our home and community based services. In 2013,

Arcadia At Home was incorporated. It is a “continuing care at home” program in the nature of a CCRC, similar to 15 Craigside and Arcadia, but

without walls. Marketing of the program to the Honolulu community began during 2014. The Arcadia Family of Companies continues to be guided by a vision that calls each company to provide optimum effort in support of those whom we serve, and to provide benefits and service to seniors in the greater community. The companies diligently

embrace the mandate and responsibility of their

respective 501(c)(3) charitable tax exemptions.

Monies provided by, earned by, and monies

contributed to, and services provided by, the family of companies, provide the means by which the

companies, are able to show social accountability as

501(c)(3) charitable tax exempt corporations.

Arcadia Resident Mamoru Oka in the hobby shop.

The 15 Craigside Photography Club.

Arcadia residents practicing hula.

9

The Arcadia Family at

Work in 2015

Above: “Moose” (the dog) visits the Health Care Center at both 15 Craigside

and Arcadia to provide happiness and excitement to residents.

• 15 Craigside and Arcadia were recognized in the Honolulu Star Advertiser as two of CMS’ (Centers for Medicare and Medicaid Services) “Five Star” (highest rating) nursing facilities in Hawai’i.

• 15 Craigside and Arcadia applied for and received approval for all of 15 Craigside’s 41 nursing beds and all of Arcadia’s 91 licensed nursing beds, to be Medicare certified.

• Arcadia achieved satisfactory results for its bi-annual assisted living survey and for a federal survey of Arcadia’s Health Care Center.

• Arcadia Home Health Services (AHHS) obtained Medicare certification.

• Emmet White continued his association as a representative of the Arcadia Family of Companies on the Public Policy Congress for LeadingAge, on the Statewide Health Coordinating Council for the State Health Planning and Development Agency, on the O’ahu Workforce Development Board for the City and County of Honolulu, and with the Healthcare Association of Hawai’i.

Healthcare

10

Participation

AES expanded and improved additional space for the Kilohana Senior Enrichment Center program for seniors. These improvements enhance the Adult Day Care and Day Health program, enabling greater enrollment numbers.

Arcadia Home Health Services was reorganized, providing more efficient operations and financial stability.

15 Craigside and Arcadia continued to achieve a 95% plus occupancy level.

Arcadia At Home began accepting members in 2015. This concept is an inviting alternative for senior living, care and services in Honolulu.

Kilohana Senior Enrichment Center’s expansion provides clients with a donated Aquaponics system, a “Senior Citizens Around the World” display, and more

face-to-face interaction with an additional room and round-top tables.

Structure and Finance The Boards implemented a new committee structure with three primary committees: Executive, Finance, and Quality & Safety. The Structure relies on more detailed committee work meetings, thereby reducing the number of full Board meetings to a quarterly schedule.

The CEO emphasized the importance of closely engaging the Boards and Management in intensive succession planning for the family of companies for Management and for Governance which will be taking place over the next several years.

The Arcadia Foundation received a $1.1 million gift from the estate of former resident, Winifred Mann.

The Family of Companies continues to

emphasize participation in the companies 403(b) Retirement Plan. In 2015, approximately 83% (463 of 559 active, eligible employees) were participating in the 403(b) Retirement Plan.

Based on 15 Craigside’s current operations and the financial market conditions, we have been advised that it would be to our advantage to consider refinancing the outstanding tax exempt bonds (now totaling $47 million) to gain a lower interest cost. We are currently in the process of negotiating a refinancing of our long term debt for both 15 Craigside and Arcadia, which we believe will, in due time, improve the liquidity of The Arcadia Foundation and the overall financial strength of the Arcadia Family of Companies.

Sonie Tumacder at the 15 Craigside Benefits Fair.

11

Lifestyle

• The Arcadia Family of Companies sponsored a private screening of “Glen Campbell . . . I’ll Be Me” at the Regal Cinema, Dole Cannery. The film shares Glen Campbell’s struggle with the onset and insidious development of Alzheimer’s disease.

• Arcadia initiated a “Blue Zones” program. Blue Zones is a national movement which emphasizes longer living and stronger living for seniors. Arcadia began a monthly “Farmer’s Market” in Arcadia’s garden, and is incorporating Blue Zones recipes for Arcadia’s main dining menu.

• Arcadia prepared a 50th anniversary book to celebrate Arcadia’s birthday in January, 2017.

Pictured left is the cover of the 50th

anniversary book entitled:

Arcadia, 1967-2017:

50 Years of Senior Living Excellence

The author, Ellen Chapman, is an Arcadia

Resident and archivist at the University of

Hawai’i. The book became a reality through

the motivation and commitment of the author

and a dedicated staff.

Arcadia vegetable medley (right)

15 Craigside sushi assortment (top)

12

the pre-development and pre-construction costs for 15

Craigside; Arcadia Elder Services has provided

approximately $5 million in development services and

management fees, the collection of which has been

deferred for several years; and, Arcadia Home Health

Services provided approximately $200,000 in services,

The Arcadia Family’s Social Accountability to the Hawai’i Community

Since 2006, the Arcadia Family of

Companies, in collaboration with the

Hawai’i Conference Foundation of the

United Church of Christ, has been on a

journey – for the wider community –

wherein the family of companies planned,

developed, and now owns and operates a

moderate income Continuing Care

Retirement Community (CCRC), 15

Craigside, in Nu’uanu.

During the last decade, the Arcadia Family

of Companies, which now includes Arcadia,

The Arcadia Foundation, Arcadia Elder

Services, 15 Craigside, Arcadia At Home, and

Arcadia Home Health Services, has

extended over $21 million in credit to 15

Craigside for the planning, development,

ownership and operation of this new CCRC

for seniors in Honolulu: Arcadia has

provided approximately $6.5 million in

advances, including liquidity support

payments as well as deferring the payment

of a certain amount of operating costs for

15 Craigside; The Arcadia Foundation has

provided approximately $9.5 million in

advances, including liquidity support

payments, as well as deferring payment of

Over $21 million in credit

has been extended to 15

Craigside for the planning,

development, ownership

and operation of this CCRC

for seniors.

13

the collection of which has also been deferred for several years. Should the cultural, operational, and

financial strength of this moderate income CCRC continue to grow, as the Arcadia Family of Companies

continues to avidly nurture the senior services it develops and enhances, the repayment of these substantial

sums will enable the Arcadia Family of Companies to provide greater and greater benefit for those seniors

whom the companies serve, as well as those other seniors whom the companies will be able to touch and

assist in the wider Honolulu community. Arcadia and The Arcadia Foundation have set aside over $4.4 million

of their cash to assist 15 Craigside in meeting operating obligations, if necessary.

Lester Obayashi (center) was the architect who designed Hawaii’s 3rd CCRC. Construction lasted nearly 2 years and culminated into

what we know today as 15 Craigside in Nu’uanu.

Residents and clients enjoy an array of activities like painting, playing the ukulele and the piano, and Ikebana

(Japanese flower arrangement).

15 Craigside: Then and Now

14

Arcadia At Home Reaching More of Hawai’i’s Seniors

Frequently Asked Questions

“We continue living independently in the home where we raised our family and created a lifetime of

memories. And Arcadia At Home guarantees nursing care at Arcadia if we ever need it. It’s the kind

of security that gives us and our children real peace of mind.”

– Dr. Royal and Aurora Fruehling, Arcadia At Home Members in Manoa

Dr. Royal and Aurora Fruehling

15

1. What is Arcadia At Home?

Arcadia At Home is Hawai’i’s newest senior living option that services from Salt Lake to Hawaii Kai, Kailua and Kaneohe. Arcadia At Home offers you the opportunity to stay in your home and receive services you may require along the continuum of care, and community-based care for skilled nursing, long-term care, special care for those who develop Alzheimer’s disease and dementia, and end-of-life care.

2. What does Arcadia At Home offer that other home care and home health agencies are unable to offer?

Arcadia At Home, as a Hawai’i non-profit corporation, offers guaranteed lifetime care through a life care contract with members who qualify and who reside in the greater Honolulu and Windward O’ahu communities. The life care contract provides the security of knowing that care and services are available when you need it.

3. What is a life care contract?

Arcadia At Home’s life care contract assures that you will have quality health and medical care if and when you need it. Skilled nursing rehabilitative services (i.e., speech therapy, occupational therapy, physical therapy) or nursing services would be available, as needed, through a Membership Agreement with Arcadia At Home.

4. Is there an age requirement to belong to Arcadia At Home?

Arcadia At Home is intended for individuals 62 years and older who are able to live and function in an independent environment in their own home without harm to oneself or to others.

5. What will your membership (entrance) fee into the program cost?

The non-refundable entrance fee for membership is:

• For a single person: $60,000

• For a couple: $90,000

6. What is the minimum amount of assets you must have after an entrance fee is paid, and what is the minimum amount of annual income you should have?

Because you live in your home under this new senior living program option, the actual amounts for “assets” and “income” which you need are dependent on a host of factors.

Initially, after paying a membership entrance fee, your annual income should meet your ongoing financial obligations, as well as the Arcadia At Home monthly fees. Your assets need to support your income needs for expenses and possible eventualities of greater costs that will come with assisted living and long-term care services.

7. What are the initial monthly member fees?

• For a single person: $475

• For a couple: $625

8. What do I receive from paying the monthly membership charge, even if I do not have any present health issues?

Members have access to four hours a month in any combination of health care, homemaker services, maintenance services, companion services, adult day care, and wellness training.

9. What optional services are included in the program?

The following optional services are available (Additional fees are incurred for these services delivered under the aforementioned monthly membership charges):

• Home maintenance • Yard Services • Home Health Aides • Housekeeping • Companion Services

Wellness Trainers • Licensed Nursing Care

Home-delivered meals • Technology Services

• Rehabilitative and Long Term Care •

16

THE ARCADIA FOUNDATION

Balance Sheet

December 31, 2015

ASSETS

Cash in Bank & on Hand $ 235,712

Investments at Fair Value 5,781,039

Other Receivables 1,339,750

Contribution Receivable - CRT 37,095

Loans to Craigside Retirement Residence - Interest Bearing 9,965,800

TOTAL ASSETS $ 17,359,396

LIABILITIES

Accounts Payable - Affiliates $ 1,237,017

Liability Under Trust 1,539,691

TOTAL LIABILITIES $ 2,776,708

NET ASSETS

Net Assets - Unrestricted $ 13,437,062

Net Assets - Temporarily Restricted 37,095

Current Year Surplus 1,108,531

TOTAL NET ASSETS $ 14,582,688

TOTAL LIABILITIES AND NET ASSETS $ 17,359,396

2015 Financial Report

Balance Sheet at December 31, 2015

Summary of the Foundation Report

At December 31, 2015, The Arcadia Foundation had total assets of $17,359,396. Approximately $6,015,751 was invested in cash, mutual funds and marketable securities, including $2,120,920

restricted for use by 15 Craigside in the event it needs funds for its operations. The Foundation has accrued the gift from the Estate of Winifred Mann of $1.1 million and included it in Other Receivables on the Balance Sheet. $9,965,800 is included in loans to 15 Craigside.

Loans and advances to 15 Craigside include; a note payable and accrued interest of $6,834,047 resulting from early advances to develop 15 Craigside of $6,834,047, and Liquidity Support advances of $3,077,973 (total of $9,912,020). Liabilities include the present value of our estimated obligations

under the outstanding charitable gift annuities.

The net assets of The Foundation amount to $14,582,688, which includes $37,095 of temporarily restricted funds.

17

Statement of Revenue and Expenses

For the Year Ended December 31, 2015

REVENUE

Contribution Revenue $ 1,107,237

Interest Income 401,730

Investment Losses (24,961)

Change in Value of Split Interest Agreements (91,505)

TOTAL OPERATING REVENUE $ 1,392,501

EXPENSES

Professional Fees $ 3,184

Charitable Contributions - Arcadia Retirement Residence 264,000

Charitable Contributions - Other 15,600

Miscellaneous Expense 1,186

TOTAL EXPENSES $ 283,970

NET SURPLUS $ 1,108,531

Statement of Revenue and Expenses for the Year Ended December 31, 2015

During the year, The Foundation received a bequest of $1.1 million from the Estate of Winifred Mann. Mrs. Mann was a long time resident of Arcadia (over 30 years) who at age 104 passed away and left Arcadia with a legacy consisting of her many paintings and the remainder of an estate valued at over $1.1 million. As part of its mission, The Foundation continued to support Arcadia and 15 Craigside with contributions totaling $264,000 to help pay operating expenses related to those residents who have exhausted their resources. $15,000 was contributed to other non-profit organizations with programs benefitting seniors.

A Summary of the Arcadia Family of Companies Finances for 2015

2015 consolidated revenue for Arcadia Community

Services (ACS) was $51,743,585.Operating expenses

were $45,253,259. Operating surplus for 2015 was

$6,490,326 . After interest expense of $4,824,572

and interest income and investment gains and

losses, the net surplus for the year was $1,541,504.

This surplus includes the $1.1 million Winifred Mann

gift. Artwork by Winnie Mann

18

The charitable gift annuity is a life income gift that has been initiated by nearly 40 15 Craigside and Arcadia residents. In exchange for an outright gift, The Arcadia Foundation agrees by contract to pay a fixed amount each year to you and/or another beneficiary for life. Individual residents of 15 Craigside and Arcadia continue to ask us about improving their yield on savings accounts, certificates of deposits and other funds with financial institutions that are providing low yields. At the same time, the volatility of the stock market makes it imprudent for many seniors to transfer funds into the stock market. Interest rates paid by financial institutions are expected to continue to remain significantly lower than The Arcadia Foundation’s charitable gift annuity

Charitable Gift Annuities

rates (see The Arcadia Foundation Charitable Gift Annuity Rates for 2016 on page 19).

Contributing to an Arcadia Foundation charitable gift annuity provides the beneficiary with a steady lifetime stream of income at an interest rate that is presently substantially greater than the current interest rates paid by financial institutions.

The financial risk is minimal. In addition, the

charitable gift annuity represents a meaningful way for the donor to create a philanthropic legacy for the residents of both 15 Craigside and Arcadia who may need financial support through subsidization, as well as for community programs for the elderly which the Foundation supports. The donor is also able to take a charitable deduction on his or her income tax return for a portion of the value of the asset

transferred to the Foundation for the gift annuity.

The Charitable Gift Annuity Process Here’s what’s involved in making a charitable gift annuity with The Arcadia Foundation:

An example is the charitable gift annuity entered into in early 2016 for

$60,000 with an 85-year-old resident. She receives an annuity rate of

8.1% annually, or $4,650 for life. She was also able to have a charitable

contribution for federal income tax purposes of $32,185.

Meet with Norman Chong, CFO

(Telephone: 983-1820) or Vivian Lai, Controller

(Telephone: 983-1832 or 533-5409) to discuss the

overall concept of charitable gift annuities.

If you are interested, be prepared to discuss the

amount of the charitable gift annuity, the

beneficiaries, whether it’s a single life or a two life

annuity, and the frequency of the payout.

19

The Arcadia Foundation. A contribution for a gift

annuity is irrevocable. The gift date is the date when you actually transfer assets. Assets, other than cash, or readily marketable securities must be approved by the Board of Directors of The Foundation.

The Foundation will then make monthly or

quarterly payments to you for the remainder of your life (assuming you are the beneficiary). Often,

married residents have initiated charitable gift

annuities based on both of their lives.

The Foundation will provide information on you income tax deduction related to your gift upon

signing of the contract, as well as information

concerning payments made to you each year

thereafter.

The Arcadia Foundation Charitable Gift Annuity Rates for 2016

One Life:

Age: 65 70 75 80 85 90+

Rate: 5.3% 5.7% 6.3% 7.1% 8.1% 9.5%

To determine the amount of the payments an individual will receive, multiply the rate shown for the

person’s age by the value of the property used to create the annuity. For example, an 80-year-old

establishing a $100,000 gift annuity receives 7.1% or $7,100 annually for life.

Based on your wishes, a draft agreement,

computations of the payout, the amount of the

anticipated income tax deduction and other

disclosures will be prepared using a software

package which includes payout rates of the

American Council on Gift Annuities.

You will be asked to review the draft documents and to discuss them with your financial and tax

advisors and legal counsel.

If the draft documents and computations are acceptable to you, final copies will be prepared for your signature and The Foundation’s signature.

You will then be asked to transfer cash or any

asset that can be readily valued and liquidated to

“One of the best things about a contribution to The Arcadia Foundation is

knowing that you are helping out your fellow residents now to provide support

and services they might need in the future.” - Marvin Hall, Arcadia Resident

20

Since its inception in 1998, The Arcadia Foundation has successfully nurtured the wonderful gifts it has been privileged to receive.

The Arcadia Foundation’s great strength is based on the devoted donors who have shared all or a

portion of their treasure with The Foundation and, who have believed in The Foundation’s mission of great caring, as well as its dogged determination to serve our kupuna in many ways.

The Arcadia Foundation places a great premium and daily emphasis on its stewardship

responsibilities by cultivating, growing, and wisely shepherding The Foundation’s assets.

The privilege of growing old is a special gift which is also accompanied by great responsibility. In this regard, many wise seniors have searched for an

A client with Na Pu’uawai enjoys a field trip to Kaunakakai Wharf and fresh papio for dinner. Na Pu’uwai is a Native Hawaiian health care organization on Moloka’i and Lana’i for which Arcadia Elder Services provides consulting services.

entity which embraces and enhances the privilege of growing old. The Arcadia Foundation and its family of companies strive to provide and nurture a

fulfilling relationship with those seniors.

As you review this annual report, know that The Foundation and the Arcadia Family of Companies are governed by our core values which guide us daily in our work and in all that we do.

We will:

Be humble, be understanding, be gentle, be just, be merciful, be honest, be peaceful, be faithful.

These words are the bedrock of The Arcadia Foundation and its stewardship of the treasure

entrusted to its care and mission and vision.

We invite you to consider a gift to The Arcadia Foundation.