For-Profit Versus Not-For-Profit
What is the difference between a for-profit and a not-for-profit senior living company? When it comes to managing the day to day operations of the communities we serve, the answer is… nothing. In fact, being a not-for-profit makes it even easier for us to invest in the people living at each Bethesda community. As a not-for-profit company, we have more freedom than many for-profit organizations. We don’t answer to investors and we’re not tied down by the financial obligations of a publicly traded corporation or Real Estate Investment Trust. At Bethesda Senior Living Communities, we’re obligated by our mission to serve everyone within our communities with humble, willing spirits.
Community Grant Program
Our communities aren’t islands, and we know that the neighborhoods and towns surrounding them are often important to the staff and residents inside. Which is why we’re so happy to be able to support those communities via grants to local agencies. Our Community Grants go to support a variety of programs that assist older adults, children and others within the area.
Social Accountability and Service
So, what do we do with this freedom? First and foremost, we care for every member of our communities with respect, professionalism and warmth. We invest in high-quality environments, technology to keep everyone safe and programs to ensure residents are able to live the active, independent lifestyles they choose. As a faith-based organization, our mission is one of service, which means we are dedicated to the physical, emotional and spiritual health of our residents. Service also means investing in our communities through a greater mission. Since our organization’s founding in 1959, we have been serving our world by loving, giving and doing. For more detailed information about our philanthropy this past year, please view our Social Accountability Report.
