Category: Corporate Office

Gifts That Pay You Income

There is a way for you to support a LifeSpire of Virginia community and the Virginia Baptist Homes Foundation (VBHF) and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. 

With a charitable gift annuity you agree to make a gift to VBHF and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The remaining balance becomes part of your legacy at VBHF, allowing us to thrive far into the future.

This type of donation can provide you with regular payments for life and allow VBHF to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets.  If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options with a Deferred Gift Annuity.

The news keeps getting better … for the second time in just six months, payout rates have increased. They are now higher than they have been in more than a decade, making now a great time to consider this gift that benefits you and the VBH Foundation.

New Rate Chart (effective Jan. 1, 2023) – one recipient

Interested in learning more?  We would be happy to send you a free, no-obligation calculation showing you the increased benefits you can receive from a CGA. Your personalized calculation will include your potential income tax charitable deduction and our annual payments to you for life. Contact Jodi Leonard at (804) 521-9213 or [email protected] to begin or visit our website for great tools and resources to start your legacy!

https://vbh.planmylegacy.org/

The LifeSpire of Virginia and the Virginia Baptist Homes (VBH) Foundation leadership teams are pleased to announce the 2022 scholarship recipients. A total of $18,000 was awarded to 18 deserving individuals. The scholarships are funded by the Employee Education Fund.

The fund provides financial assistance for deserving team members towards two- and four-year higher education degrees. Support is awarded with grants for college-bound team members, and their children and grandchildren.

2022 Scholarship Recipients

The Chesapeake

• Michael Delva Felix, Security
• Margan Boyd, Nursing

The Culpeper

• Sadie Wentz, daughter of Carolyn Wentz, Culinary Services
• Aaron Bostian, Culinary Services
• Teresa Lewis, Nursing
• Capone Hoffman, Culinary Services
• Esther Seworder, daughter of Victoria Seworder, Culinary Services
• Jordan Hicks, grandson of Debbie Seaman, Culinary Services
• Wyatt Hicks, grandson of Debbie Seaman, Culinary Services

The Glebe

• Allison Bancroft, Resident Services
• Heather Roberts, Nursing
• Christopher Hall, son of Cheryl Hall, Nursing
• Crystal Collings, Nursing
• Mia Brower, Social Worker
• Kailah Finley, daughter of Shaun Finley, Culinary Services

Lakewood

• Meredith Etheridge, Culinary Services
• Caroline Sampson, Nursing

Lakewood at Home

• Naomi Davis, daughter of Brenda Davis, Community Outreach

The VBH Foundation’s Employee Education Fund provides awards on an annual basis. The fund relies on the generosity of donors for sustainability. The LifeSpire team is grateful for the kindness of residents, families and colleagues who give to the Foundation to assist team members financially with scholarships and crisis awards. To learn more about the programs providing support to team members, visit https://lspireprd.wpengine.com/give/employee-support/.

Senior Living Partners of Virginia, LLC (SLP) is pleased to announce that Kristina Jones has been named the organization’s chief executive officer. In this role, she will oversee the day-to-day operations of SLP’s home health company, Affirmation Home Health and other future SLP business lines. Jones will join the SLP team on July 5.

Jones has more than 20 years of senior living, home health and rehabilitation experience successfully shaping and leading teams to realize significant growth, build programs, turn around operations and improve financial performance. She joins the SLP team from Centra Health where she served as managing director, physical medicine and rehabilitation.

Jones received her Master of Physical Therapy from Old Dominion University and a bachelor’s degree in health education from Virginia Commonwealth University. She is a member of various professional organizations including the American Physical Therapy Association, the Virginia Physical Therapy Association and the Virginia Association of Home Care & Hospice.

LifeSpire of Virginia and Pinnacle Living, both with corporate offices located in Glen Allen, formed SLP to provide home health and other organizational support services. SLP allows both organizations to formally collaborate and expand their mission-focused growth to serve residents in their retirement communities and those who currently do not reside inside the walls of a retirement community.

LifeSpire of Virginia is pleased to announce that two team members recently completed LeadingAge’s Leadership Academy. The Culpeper’s Assisted Living Administrator Bethany Starkie and Brenda Dixon, marketing director at The Summit, both graduated from the academy on June 14.

The ceremony was held in Roanoke during the organization’s annual meeting.

The LeadingAge D.C., Delaware, Maryland and Virginia Leadership Academy is a year-long leadership program designed to enhance the leadership skills of nonprofit aging services leaders. Starkie and Dixon joined 15 other fellows for the 2022 academy.

Throughout the year, fellows are guided through a graduate-level curriculum that examines the traits of successful leaders, develops leadership competencies and expands knowledge in the field of aging services, while establishing strong bonds with peers from other LeadingAge members.

The Chesapeake’s Assisted Living Administrator Damian Polewczak was accepted into the academy and began his journey last week. He will graduate in June 2023.

Dan Carlton was born in Newport News where his dad worked at Temple Baptist Church. He lived just a mile down the road from The Chesapeake and remembers visiting from a very early age. Later, when his family moved to Richmond, he remembers traveling to The Culpeper to visit residents there.

So, seven years ago when he became the pastor of Culpeper Baptist Church, a relationship with the organization seemed predestined. Dan joined the LifeSpire of Virginia Board of Trustees in 2016. In 2022, he’s taken the helm as the Chair of the Board.

“I’ve been aware of LifeSpire of Virginia my whole life. There are a couple of things that you do if you’re going to be the pastor of Culpeper Baptist Church, and one of them is the relationship with The Culpeper. That is not a casual relationship for Culpeper Baptist Church, it is a primary relationship,” Dan explained. “When LifeSpire of Virginia comes and asks you to serve you don’t really decide because of who I represent, and the church expects that. LifeSpire of Virginia is core to who we are as a church, and we want to keep that moving in that direction.”

To solidify the relationship, Dan worked with LifeSpire of Virginia’s President and CEO Jonathan Cook to hire a senior adult pastor for the church who could also serve as The Culpeper’s chaplain. As a result, Chaplain Hans Murdock joined the team.

Dan said hiring Hans showed his commitment to bringing the church into view at The Culpeper. Having Hans in the community has also helped the church see the relationship with The Culpeper as a more significant part of its mission.

“A huge number of our church members live at The Culpeper, and I do believe it’s the church’s role to provide spiritual support whether it’s at The Culpeper or any retirement community. The spiritual needs of senior adults too often are seen as anything above 65 as a senior adult but there are a lot of transitions and life stages between 60 and 90 and 100, so the relationship with the retirement community helps us to see that a little more clearly. We are a faith-based retirement community. A chaplain makes that statement,” he said.

In his 28 years as a pastor, Dan said that he has never seen the need for that kind of spiritual engagement so evident as it has been in the past two years. He said isolation has been a huge issue amongst all age groups throughout the pandemic. But, he is encouraged by how well many senior adults have adapted using technology and by forging relationships.

He said what the world has gone through in the past several years will inform not just what he does at the church but also what the Board of Trustees will do moving forward.

“There’s been a community that’s built out of crisis. We need to figure out how do we build on that community. How do we give some breathers to folks who have been running hard? How is our team doing? How are our residents doing who have really been stressed for two years? I think we will look to provide some breathing space, but we will also try to figure out what we learned about community that we can build on. There’s a lot of opportunity there and I think organizations like LifeSpire of Virginia are uniquely situated to do that because of what we have historically done.”

Chief on that list of lessons learned for Dan is the recognition of just how valuable each member of the extended LifeSpire of Virginia family is to achieve the organization’s mission. He said each resident, family member or team member is someone who needs to be cared for and uplifted.

As he chairs the board, he is looking forward to learning. He is proud to be a part of an organization he said has good instincts and is rooted in faith.

“Some of the things that have been most helpful to me as a pastor is serving on a board and watching exceptional leaders. I come to board meetings, and I learn way more about how to lead an organization than I ever provide benefit to the organizations that I’m serving. I love that we have clergy on the board, but we don’t have to raise our hands and say we’re a faith-based organization. It permeates everything that we do.”

Dan explained that as the Board embarks on strategic planning, long-term sustainability is key. He said the board is committed to the further development of LifeSpire of Virginia’s five existing communities, potential acquisitions or greenfield projects and expansion of at-home and home health programs.

“The future is bright, and as the organization explores, we will keep the promise that we have made to every one of our residents and their families front and center: we will take care of them for life. While a lot will change in the senior living industry and it is changing, the fact that we’re a faith-based organization is not going to change because the Board is going to hold on to that and everybody in this organization is going to hold on to that.”

Dan Carlton

This article was first published in LifeSpire of Virginia’s Community Matters magazine. Check out the rest of the e-book version online: https://bit.ly/3hSWUfP.

One of the key responsibilities of LifeSpire of Virginia’s Board of Trustees is to set the strategic direction for the organization. While it’s common for organizations to have a vision for 10 or 20 years from now, shorter strategic planning cycles are necessary in today’s fast-changing world.

“Changing consumer demands, workforce challenges, rapid advances in technology and significant industry consolidation are just a few of the forces impacting senior living organizations, requiring us to plan for three to five years while continuously monitoring and adapting,” said LifeSpire of Virginia’s Chief Strategy and Integration Officer Lisa Legeer.

Lisa joined the team in June 2021 and was charged with leading the transition as LifeSpire of Virginia welcomed The Summit into its family of communities. Strategic growth like the addition of a fifth community was a key initiative in the organization’s last strategic plan.

“LifeSpire of Virginia engaged in a strategic planning process in 2018 that has helped guide the organization to improved operating and financial performance, a stronger Board of Trustees, continued organic growth and significant investments at all LifeSpire of Virginia communities with nearly $165 million in capital improvements,” Lisa said.

LifeSpire of Virginia’s Six Strategic Planning Pillars

• Investing in the future
• Strengthening finances
• Employer of choice
• Excellence in healthcare
• Strategic alliances
• Technology

In 2022, LifeSpire of Virginia’s Board of Trustees will refresh and update the 2018 strategic plan, building on the successful foundation of that work. Lisa will work together with the Board and LifeSpire of Virginia’s leadership team to imagine the future for LifeSpire of Virginia and determine the strategic imperatives and priorities that will achieve that future.

“This is really a pivotal time, and I’m excited to kick off our strategic planning process with a series of education sessions for the Board, team members and residents,” Lisa explained. “In these sessions, we’ll hear from industry leaders and other experts with the latest information about key topics such as workforce, industry consolidation, technology and even design trends.”

The Board of Trustees and leadership teams will participate in a strategic planning retreat later this year. Lisa expects the group to leave that meeting with a refreshed vision and framework for the next three to five years.

“Consumer trends tell us that seniors are looking for purpose and they’re looking for choices. In 2016, when Virginia Baptist Homes became known as LifeSpire of Virginia, the board also recast the mission of the organization: Empowering individuals with choices in purposeful living. What foresight they had in this ever-changing world. It’s our job to continue to advance that mission as we pursue growth opportunities, long-term success and sustainability. That is when the real work begins.”

Lisa Legeer

This article was first published in LifeSpire of Virginia’s Community Matters magazine. Check out the rest of the e-book version online: https://bit.ly/3hSWUfP.

LifeSpire of Virginia is pleased to welcome two new members to its Board of Trustees. James Poats and Gary Thomson officially joined the board on January 1.

James Poats is a financial advisor operating out of Lynchburg, Va., who has been in the financial industry for more than 30 years. Poats is an advisor for Pettyjohn, Wood & White, Inc. Poats is the first trustee representing the Lynchburg area following LifeSpire of Virginia assuming ownership of The Summit in Lynchburg where he served as a board member for many years.

“In my years of working with the financial well-being of individuals and families, I came to understand the importance of seniors maintaining their independence and dignity as they transitioned from living in their own homes to the various levels of care offered by life plan communities. I believe I will bring an analytical approach to dealing with the financial and non-financial issues facing our organization while always remembering that we are here to serve the needs of our residents above all.”

James Poats

Gary Thomson is the managing partner at Thomson Consulting, LLC in Richmond, Va. He has more than 35 years of experience in the CPA profession spanning small to medium to large firms, and the last 15 years spent at Top 25 firms in governance and leadership roles. He currently serves as a council member for the American Institute of Certified Public Accountants and is a past chair of the Virginia Society of Certified Public Accountants. He also serves as a board member for the Virginia Chamber of Commerce, the Virginia Foundation of Independent, the American Heart Association and The Bank of Southside Virginia.

LifeSpire of Virginia’s Board of Trustees voted in December to appoint these two new members in 2022. Susan Rucker of Midlothian, Va., who served on the board for eight years, and Robert Musick of Richmond, Va., who served on the board for 24 years, cycled off at the end of December.

Senior Living Partners of Virginia, LLC (SLP) is pleased to announce that Robert Brigeman has been named the organization’s chief executive officer. In this role, he will oversee the day-to-day operations of Affirmation Home Health, the home health company operated by SLP. Brigeman joined the SLP Team on January 5, 2022.

Brigeman has more than 18 years of senior living experience with a focus on growing new markets, developing effective teams and generating additional streams of revenue in post-acute healthcare. He joins the SLP team from Functional Pathways where he served as senior regional vice president.

Brigeman received his bachelor’s in business administration with a concentration in finance from Ohio University. Brigeman and his wife Ashley have two sons, Roman and Lochlan, and he enjoys waterskiing, hiking and almost everything outdoors.

LifeSpire of Virginia and Pinnacle Living, both with corporate offices located in Glen Allen, announced the formation of SLP—a joint venture—to provide home health and other organizational support services, in June. SLP allows both organizations to formally collaborate and expand their mission-focused growth to serve residents in their retirement communities and those who currently do not reside inside the walls of a retirement community.