Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is the Endowment fee refundable?

endowment fee refundable
0
Posted

Is the Endowment fee refundable?

0

Yes, the refund works like this: For each year you live at Grace Brethren Village during your first 5 years, 10% will be deducted from your original Endowment amount. The remaining amount is then refunded back to you. After 5 years, no more dedications based on years living at Grace Brethren Village Cottages will be made and the remaining 50% of your Endowment is refunded back to you. This refunded will be made to you or your designated beneficiaries as soon as the cottage is re-endowed or occupied by a new resident.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123