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A Groundbreaking Year 2019 Annual Report

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Contents:GREETINGS FROM THE BOARD AND CEO 03

BOARD OF DIRECTORS & BOARD OF ADVISORS 05

2019 FINANCIALS 06

RESIDENTS’ ASSISTANCE FUND 08

2019 DONORS 09

MAKING A LEGACY GIFT 16

STROUPE LEGACY CIRCLE 17

GIFTS IN KIND 18

COMMUNITY OUTREACH 19

Our Mission: We enrich the lives of those we serve by providing a nurturing environment that fosters joy, purpose, and well-being.

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DEAR FRIENDS // 2019 was the culmination of years of preparation for Phase I of our long-range plan. Who could have imagined that we would begin our construction project in the midst of a historic pandemic? Working to keep our Health Care residents safe throughout this time has resulted in some delays for the Health Care portion of the project and in prolonging the construction schedule, but progress is in sight.

After several years of planning and a year of rezoning, 2019 was the year of financing. On December 5, 2019, Sharon Towers closed on its $94 million tax-exempt bond debt, providing the funds needed to renovate and expand our Health Care Center and amenity spaces as well as construct The Deerwood, a new 42-unit independent living apartment building.

While there have been unforeseen challenges brought on by COVID-19, we are confident in the resiliency of this organization and in its ability to navigate these challenging times. We look forward to the day when we are past the pandemic and we can all gather together to celebrate the completion of Phase I of our project and of the hard work that so many did to make it happen.

We wish you a safe and healthy year ahead.

Douglas K. Bradley Anne O. MoffatChair, Board of Directors President & CEO

Greetings from the Board and CEO

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The Deerwood groundbreaking, December 11,2019

Architectural renderings of The Deerwood (left) and Health Care Center (right) renovation/expansion

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Gloria H. AndersonSadler H. BarnhardtRichard A. Bigger, Jr.Douglas and Emily BoothJames L. CalderLillian M. ChapmanMildred D. Cox John T. CrawfordPaul H. “Woody” Efird IIIRichard S. FelknerWilliam H. Fox, Jr.

Kenneth S. GarfieldB. Kelly GravesMary HammondJeanne HammonsLinda HawfieldRobert C. Hord, Jr.Ernest B. Hunter, Jr.William E. KeenanKatherine LambertMargaret A. “Wardie” MartinM. William McCollum, Jr.

Ned B. McConnellPender R. McElroyJanet MorganDon E. OlmsteadG. Dan Page, Jr.Cookie F. Parnell L. Vincent PrattKathryn C. RabyClyda RentW. Allen Rogers IIWilliam H. Smith III

William J. SpearsAlison M. SummervilleFrances ThompsonK. Martin Waters, Jr.Agnes B. WeisigerW. Murray WhisnantBetsy S. WhiteW. Allen Winget

Edward S. Booher, Jr. Douglas K. BradleyJohn E. Burton, Jr.John J. “Jody” CarpenterAdelaide A. DavisMichael W. Fischer

Mitzi P. FolkSusan GoodmanRoberta L. HarperTimothy J. IgnasherRobert A. JonesVirginia L. Kelly

E. Judson McAdamsRhonda R. McClainHayden McMahon, Jr.Richard L. Nichols, Jr.Freda H. NicholsonKatherine K. Richards

Randal L. RippleTheckla D. SterrettR. Christopher ThomasVelva W. Woollen

Board of Directors - 2019

Board of Advisors - 2019

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E X P E N D I T U R E S

20199 Financials*

R E V E N U E S

OTHER OPERATING INCOME 7%

INVESTMENT INCOME 10%

HEALTH CARE/MEDICARE 26%

CONTRIBUTIONS AND NET ASSETS RELEASED 8%

ASSISTED LIVING 6%

ENTRANCE FEES AMORTIZED - LESS RAF** 13%

INDEPENDENT LIVING - LESS RAF** 30%

SALARIES & PAYROLL TAXES 43%

PROFESSIONAL FEES 1%

INSURANCE 1%

MARKETING & DEVELOPMENT 2%

UTILITIES & COMMUNICATIONS 5%

HOUSEKEEPING & MAINTENANCE 10%

SUPPLIES AND OTHER EXPENSES 1%

INTEREST EXPENSE 1%

FOOD & DIETARY SERVICE 6%

HEALTH CARE SUPPLIES 7%

EMPLOYEE BENEFITS 7%

DEPRECIATION 10%

COMMUNITY BENEFITS & RAF** 6%

*Based on Audited Financials except for changes for illustrative purposes.**Audit eliminates Residents Assistance $1,023,731; Included here for illustrative purposes.

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20199 Financials* BALANCE SHEET

ASSETS

Cash & Cash Equivalents 11,348,822

Investments 23,650,358

Accounts and Contributions Receivable 3,826,800

Prepaid Expenses & Other 378,510

Property & Equipment (Net) 67,640,406

Assets Held Under Bond Agreements 70,707,294

TOTAL ASSETS $177,552,190

LIABILITIES

Accounts Payable 2,363,593

Accrued Payables 934,692

Accrued Interest 198

Refundable Entry Fees 4,654,229

Deferred Income and Deposits 30,253,485

Bonds & Notes Payable 82,364,220

TOTAL LIABILITIES $120,570,417

NET ASSETS

Without Restrictions 50,247,816

Purpose Restrictions 3,701,951

Perpetual in Nature 3,032,006

TOTAL NET ASSETS $56,981,773

TOTAL LIABILITIES & NET ASSETS $177,552,190

*Based on Audited Financials except for changes for illustrative purposes.**Audit eliminates Residents Assistance $1,023,731; Included here for illustrative purposes.

STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS

REVENUES, GAINS, AND OTHER SUPPORTIndependent Living** 9,724,866 30%Assisted Living 2,065,105 6%Health Care / Medicare 8,483,033 26%Other Operating Income 2,258,862 7%Entrance Fees Amortized Less RAF** 4,307,948 13%Contributions and Net Assets Released 2,619,295 8%Investment Income 3,402,305 10%TOTAL REVENUES, GAINS, & OTHER SUPPORT** $32,861,414 100%

EXPENSESSalaries & Payroll Taxes 10,451,621 43%Employee Benefits 1,661,947 7%Food & Dietary Service 1,548,166 6%Housekeeping & Maintenance 2,346,011 10%Utilities & Communications 1,098,166 5%Health Care Supplies 1,663,854 7%Professional Fees 274,334 1%Insurance 356,411 1%Marketing & Development 475,456 2%Community Benefits & RAF** 1,429,324 6%Supplies and Other Expenses 217,786 1%Interest Expense 237,632 1%Depreciation 2,363,366 10%TOTAL EXPENSES $24,124,074 100%

Operating Income 8,737,340Non-Operating Losses - Early Extinguishment of Debt (279,773)CHANGE IN NET ASSETS WITHOUT RESTRICTIONS $8,457,567

Restricted Contributions 3,483,391 Restricted Investment Income 331,016 Net Assets Released (2,173,487)

TOTAL CHANGE IN NET ASSETS $10,098,487

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Residents’Assistance Fund

Since our doors opened in 1969, our mission to be a senior living community that provides a loving and caring atmosphere and meets the needs of those who live here has guided Sharon Towers. One part of this mission is to provide financial assistance to residents and prospective residents through our Residents’ Assistance Program.

Donations to the Residents’ Assistance Fund allow Sharon Towers to provide financial assistance to residents and prospective residents in the way of reduced monthly service fees or waived entrance fees. These recipients, who remain anonymous, are our friends and neighbors who have proudly paid their way their entire lives but now find themselves unable to afford the increased costs of care during retirement.

Since opening our doors, $6,605,163 in entrance fees and $13,063,713 in monthly service fee assistance has been provided. Gifts made to the Residents’ Assistance Fund make a difference in the lives and in the sense of security for each recipient. In 2019, thanks to the generosity of our loyal donors, Sharon Towers provided $219,600 in waived entry fees to individuals and $804,131 in monthly services fees. Beyond financial support, the Fund provides residents with peace of mind and a sense of security. Through the generosity of our residents, families, friends, churches, and other organizations, this is possible – thank you!

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Founders ($5,000 and above)Anonymous

Mr. J. David Barnhardt

The Estate of Grace H. Burton

Mr. and Mrs. Charles Gaskins

Mr. and Mrs. John Cameron Goodman

Mr. and Mrs. Henry Harkey

The Estate of Mr. and Mrs. John D. Hicks

The Estate of John W. and Frances W. Rosebro

Mrs. Belle Johnston

Mr. and Mrs. Robert A. Jones

Mr. and Mrs. R. James Kelly

Mrs. Esten Bohannon Mason

The Estate of Mr. Robert Mason

Mr. and Mrs. Chris E. Moffat

Mr. and Mrs. E. Fitzgerald Parnell III

The Estate of Mrs. Margaret H. Ranson

Ms. Katherine K. Richards

Romola Davis Hardy Trust

Mr. and Mrs. R. Christopher Thomas

Mr. and Mrs. C. Brent Trexler, Jr.

Mrs. Elise Wallace

Mr. and Mrs. Edward T. Weisiger

Mr. and Mrs. Thomas H. Woollen

Mr. and Mrs. Marcus Yandle

Mr. Andrew G. Zoutewelle

Leaders ($2,500 - 4,999)Mrs. Mary Allison

Mrs. Rebecca Allison

Mr. and Mrs. Vernon T. Anderson, Jr.

Mrs. Katherine (Kat) McKay Belk

Covenant Presbyterian Church

Mr. and Mrs. Robert D. Culbertson

Mr. Rufus M. Dalton

Mr. and Mrs. James Gilreath

Mr. and Mrs. Robert Scott Hudspeth

Mr. William E. Keenan

Ms. Katherine L. Lambert

Mrs. Freda Nicholson

Mr. and Mrs. William C. Parish

Mr. and Mrs. Tate Sterrett

Mrs. Carol S. Young

Mr. and Mrs. Frank S. Young

Chairmans ($1,000 - 2,499)Anonymous (2)

Ms. Katherine Albury

Ann Smith Trust Fund

Mrs. Jacquelyn R. Ardis

Mr. Charles Barkley, Jr.

Mr. and Mrs. Sadler Hayes Barnhardt

Mrs. Mary Barry

Mr. and Mrs. Albert S. Blankenship, Jr.

Mr. Ralph W. and Dr. Marinell Bostian

Mr. and Mrs. Douglas K. Bradley

Mr. and Mrs. Michael J. Brown

Ms. Rebecca Choate

Mrs. Barbara Cooper

Every donation makes a difference in the lives of our residents and of our community. We would like to thank and recognize donors who have contributed to Sharon Towers:

2019 Donors

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Mr. and Mrs. John Croxton

Ms. Virginia Davis

Mr. Holger Ebert

Mr. Michael Elliott

Mr. Bruce Ferris

Mrs. Mitzi Folk

Mr. Joseph Fountain, Jr.

Mr. Frank Graper

Mr. and Mrs. B. Kelly Graves

Mr. Price H. Gwynn III

Mr. and Mrs. David Hanna

Mr. and Mrs. Michael Harper

Mr. and Mrs. Ben Hawfield

Mr. and Mrs. Richard Hodde

Mr. and Mrs. Robert C. Hord, Jr.

Dr. Cleve W. Howard

Mr. Timothy J. Ignasher

Mr. and Mrs. J. Mark Leggett

Mr. E. Judson McAdams

Mr. and Mrs. M. William McCollum, Jr.

Mr. and Mrs. William Robert McDade

Mr. V. Hayden McMahon, Jr.

Ms. Catherine Savage Odom

Mr. and Mrs. John Papadopulos

Mr. Thomas Ponsonby and Ms. Catherine Stadelman

Dr. and Mrs. Norris W. Preyer

Mrs. Virginia O. Pusser

Mr. and Mrs. George Rent

Mr. and Mrs. John Rigsbee

Ms. Nora Tucker Rockecharlie

Mrs. Judith M. Thatcher

The Herschel H. & Cornelia N. Everett Foundation

Mr. James Trexler

USI Insurance Services

Mr. and Mrs. Hannibal Warren, Jr.

Mrs. Elizabeth Weingart

Mrs. Marietta White

5100 Society ($500 - 999)Anonymous

Mrs. Sallie Alexander

Mr. and Mrs. Paul Anderson

Mrs. Ann Armstrong

Mrs. Peggy Baird

Mr. and Mrs. Thomas Barnhardt III

Mrs. Becky Boulware

Ms. J. Helen Brackett

Mr. and Mrs. Ralph E. Brice

Ms. Barbara Caine

Mr. and Mrs. John Carver

Mr. and Mrs. J. Gentry Caudill

Mrs. Lillian Chapman

Mrs. Anna B. Councilman

Mr. Harry Creemers and Ms. Martha Groblewski

Mrs. Emilie Crigler

Mr. Robert Dayl Croskery

Mr. Robert Donald Dartnall, Sr.

Mr. and Mrs. Frank Elliott

Mr. and Mrs. George R. Hodges

Mr. James Hunter, Jr.

Miss Iris N. Kimble

Mrs. Louise Litaker

Mr. and Mrs. Bob MacCaughelty

Mrs. Wardie Martin

Mr. and Mrs. Humbert S. Nelli

Mr. and Mrs. Lowell Nelson

Mr. and Mrs. Ralph Oliva

Mr. and Mrs. Joseph F. Olivo, Jr.

Mr. John J. Parker III

Mr. and Mrs. B. Gale Pendergraph

Mr. W. Allen Rogers II

Mrs. Jane Scanlan

Mr. and Mrs. Ronald Schutz

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Mr. Tom Stanford

Mrs. Jane Straughn

Dr. and Mrs. William Caswell Sugg, Jr.

Mr. and Mrs. Robert M. Teague

The Gilreath Law Firm, P.A.

Mrs. Letitia Thompson

Rev. Thornton W. Tucker

Ms. Anita Uber

Mr. Eric Wilkins

Mrs. Sara Andrews Wilkins

Yandle-Withersoon Supply, Inc.

Mr. Ira Yopp III and Mrs. Dee Bessey

Friends ($1 - 499)Anonymous

Mr. Patrick Ahern

Ms. Frances Alexander

Mrs. Virginia ‘Alyne’ Alexander

Mr. and Mrs. William Sutton Alexander

Mr. and Mrs. Topper Amerson

Mr. and Mrs. Roland Bird Anderson, Jr.

Mr. William Anderson III

Ms. Patricia Arnold

Mrs. Bobbye W. Ashmore

Mrs. Elizabeth Hutchinson Astin

Mr. and Mrs. J. Murrey Atkins, Jr.

Ms. Christine H. Autry

Mr. and Mrs. Frank Aycock III

Mr. and Mrs. William Ayers

Mr. and Mrs. Morris Bagwell

The Estate of Mrs. Grace Batten

Mrs. Susan Battle

Ms. Joan M. Baucom

Mr. and Mrs. James Baxter

Mr. and Mrs. David Beasley

Mr. and Mrs. C. R. Beddingfield

Rev. Annette Bedford

Ms. Elizabeth Bell

Ms. Maria C. Bevington

Mr. and Mrs. Richard A. Bigger, Jr.

Mr. Richard Blackwell

Mrs. Nancy Blaine

Mr. and Mrs. John R. Blanton

Ms. Ann Blinn

Mr. and Mrs. John H. Boardman

Mr. and Mrs. Arnold R. Boggs, Jr.

Mr. and Mrs. Douglas W. Booth

Mrs. Carole Bourret

Ms. Elizabeth Boykin

Ms. Beth Brearley Parker

Ms. Louise Brice

Mr. and Mrs. Larry Briggs

Mr. and Mrs. John Broadway, Jr.

Mr. and Mrs. John Brown, Jr.

Dr. and Mrs. William F. Bryant, Jr.

Mr. and Mrs. George Buck

Ms. Lottie Budzichowski

Mrs. Elizabeth Bunch

Ms. Martha K. Caddell

Mr. and Mrs. Matthew Caddell

Mrs. Joyce Barrett Cagle

Mr. and Mrs. James L. Calder

Mr. Robert Campbell

Mrs. Nancy Carpenter

Dr. and Mrs. Joseph Carruth

Mr. Henry ‘Modie’ Carter, Jr.

Mrs. Elizabeth Brand Carver

Mr. and Mrs. Jerry Castelloe

Mrs. Helen D. Cathey

Mr. and Mrs. James Catledge

Ms. Tracey Chaffin

Dr. and Mrs. James M. Chambers III

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Mrs. Louise Chambers

Dr. and Mrs. Donald V. Chamblee

Ms. Mary Lou Christenbury

Mr. and Mrs. Neal Cisne

Mrs. Jane Clapp

Mr. and Mrs. Cornelius Coghill

Mr. and Mrs. Robert F. Colwell

Ms. Laurie F. Combs

Mr. and Mrs. Kevin Connell

Mr. and Mrs. Walter A. Cooper, Jr.

Mr. William Craemer and Mr. Guy Huggins

Mrs. Kathleen O. Cress

Mrs. Trudie Crigler

Mrs. Jane Crook Cunningham

Mr. and Mrs. Ralph Cunningham

Mr. W. R. Cuthbertson, Jr.

Mr. and Mrs. Robert I. Dalton, Jr.

Mr. and Mrs. Eugene O. Daniels

Ms. Debbie Darden

Mr. and Mrs. C. Blake Davidson

Mr. and Mrs. George Davis

Mrs. JoAnn E. Davis

Mr. Steve Davis

Mr. and Mrs. Glen Deligdisch

Mr. and Mrs. E. Charles Dickerson

Mrs. Mary Dale Lowe Dickerson

Mr. and Mrs. Michael A. Dinapoli

Ms. Catharine C. Dorrier

Mr. and Mrs. Kerry Draeger

Ms. Isabel Draper

Ms. Evan Duggan

Ms. Kaye Dumond

Ms. Mary Early

Ms. Mary Edwards

Mr. and Mrs. Paul H. Efird III

Mr. and Mrs. J.C.B. Ehringhaus III

Mr. and Mrs. Richard Michael Eppley, Jr.

Mrs. Billie Erwin

Dr. and Mrs. J. Fadial

Mr. and Mrs. Craig Fairchild

Ms. Carolyn Fakadej

Ms. Elna Hight Falls

Mr. Douglas Faris

Ms. Helen Faris

Mrs. Susanne Faust

Dr. and Mrs. Richard S. Felkner

Mr. and Mrs. James Wilson Finch

First Presbyterian Church of Albemarle

Mr. and Mrs. Michael W. Fischer

Mrs. Margaret Fitzgerald

Mr. and Mrs. Scott Fligel

Mr. and Mrs. Stuart A. Fligel

Mr. and Mrs. Richard M. Foard

Mr. and Mrs. Charles Forbes

Mr. Cody Fountain

Mr. Joseph Fountain III

Dr. and Mrs. Robert Foushee

Mr. Thomas Franz

Mrs. Virginia Freund

Mr. and Mrs. Joseph C. Frye, Jr.

Mr. Charles Gaither

Mr. and Mrs. Kenneth S. Garfield

Mrs. Judy F. Garris

Mrs. Margaret B. Gatewood

Ms. Evelyn Gerdes

Ms. Elizabeth E. Gibbes

Mr. Wilson Glasgow

Mr. James R. Goble

Dr. Alvin S. Goodman

Mr. Robert Goodman

Mrs. Nancy Goolsby

Ms. Diane Gordon

Mr. and Mrs. Blake Graeber III

Mrs. Jean Graeber

Mr. and Mrs. Ted Greenwood

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Ms. Martha Griffin

Mrs. Mattie Grigsby

Ms. Susan Grove

Ms. Betty Jean Gwennap

Mr. and Mrs. Charles Hammond

Ms. Mary T. Hammond

Mr. and Mrs. Michael B. Hammons

Ms. Melva Hannah

The Estate of Kathleen Foard Harkey

Mr. and Mrs. Robert D. Harriger

Ms. Anne Harrison

Mr. and Mrs. Herbert L. Harriss

Mr. and Mrs. Walter W. Hawthorne, Jr.

Mrs. Roberta Lail Hayes

Mr. and Mrs. William B. Heeney

Ms. Barbara B. Heilig

Mr. and Mrs. Ralph S. Hess, Jr.

Ms. Joyce C. Highsmith

Ms. Jann M. Holland

Mrs. Margaret G. Holroyd

Mr. and Mrs. Jack K. Hood

Ms. Nancy H. Horne

Mrs. Dorothy S. Howell

Mr. Harold Hudson, Jr.

Ms. Melanie L. Hudson

Mr. and Mrs. Ernest B. Hunter, Jr.

Mr. and Mrs. Elwood Hutchins

Dr. and Mrs. Robert Iwaoka

Mrs. Lois Jarrell

Ms. Louise Jeffers

Mr. John Edward Jenkins, Jr.

Mr. and Mrs. Willis Jenkins III

Mrs. Mary S. Johnson

Ms. Nancy Jones

Mr. and Mrs. Douglas Kalmbach

Ms. Mary Keith

Mr. Walter Kennedy IV

Mrs. Corinne W. Kerns

Ms. Danielle Kidd

Dr. and Mrs. Joseph Killian, Jr.

Mr. Ray A. Killian, Sr.

Mr. and Mrs. Ray Killian, Jr.

Mrs. Berma Jean Kincaid

Mr. W. King, Jr.

Mrs. Imogene Kinney

Mrs. Betty G. Kirby

Mrs. Carolyn Kitchen

Dr. and Mrs. Randolph Kixmiller

Mr. and Mrs. Truman L. Koehler

Mrs. Elizabeth Kuester

Mr. and Mrs. James H. Landrum

Ms. Virginia Baughman Lawing

Mr. Bennett Lawson

Ms. Carol Leavelle

Ms. Virginia Lewis

Mrs. MaryGene Manning Longenecker

Dr. Albert Lyles

Mr. and Mrs. George MacBain IV

Ms. Carol Maddox

Ms. Jane Carol Maddox

Mrs. Martha Woods Mallory

Mr. and Mrs. Eugene Manning

Mr. and Mrs. William Manson III

Mr. and Mrs. David March

Ms. Sophie Marshall

Ms. Anne Martin

Mr. James Martin III

Dr. and Mrs. Thomas N. Massey, Jr.

Ms. Linda Matney

Mr. and Mrs. Edward B. McConnell

Mrs. Elizabeth McCoy

Mrs. Frances McCoy

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Mr. Robert McCoy

Ms. Elizabeth McDade

Mr. and Mrs. James P. McDonnell

Mr. and Mrs. Pender McElroy

Mr. Jeffrey McEwen

Mrs. Marion McGaha

Mr. John Woods McKay

Mrs. Sara McKee

Mrs. Jane Anderson McLaney

Mr. and Mrs. Ralph McNatt

Mr. and Mrs. Robert Metzler, Jr.

Miniatures Collectors Society of Charlotte

Ms. Dana Mitchell

Mr. and Mrs. Dave Mitchell

Mr. Gregory Mitchell

Mr. and Mrs. Kent D. Mitchell

Ms. Anna Moeller

Mr. and Mrs. Thomas T. Moore, Jr.

Ms. Jennifer Morgan

Mr. and Mrs. J. Lee Morris

Mrs. Susan Morris

Ms. Arlene Morse-Conger

Mr. and Mrs. James H. Morton

Mr. Max Muhleman

Ms. Elizabeth B. Muller

Ms. Dot H. Neale

Ms. Helen J. Neil

Mrs. Amy Norman

Ms. Sally Ann O’Harrow

Mrs. Ada Offerdahl

Ms. Charlotte Offerdahl

Mr. and Mrs. Michael Olert

Mr. and Mrs. Roy Padgett, Jr.

Mr. and Mrs. G. Dan Page, Jr.

Mr. Yates Palmer

Ms. Anne W. Patterson

Mrs. Elizabeth Patterson

Mrs. Mary Peach

Mr. and Mrs. James H. Peck, Jr.

Mrs. Jane Mars Perkins

Mr. John Robert Phillips

Ms. Clary R. Phipps

Mrs. Margaret Pierce

Ms. Shirley Platt

Ms. Audrey L. Polk

Mr. and Mrs. Joe Pool

Mrs. Ruby W. Potts

Mr. and Dr. Norris Preyer, Jr.

Mr. and Mrs. Edmund Purcell

Mr. and Mrs. James R. Rainear

Mr. and Mrs. William Randall

Mr. Forrest Ranson

Mr. and Mrs. John Rasberry

Mr. and Mrs. Calvin Reid

Mr. and Dr. Kent Rhodes

Ms. Sarah Rich

Mr. and Mrs. Stephen Rich

Ms. Jane Richey

Mrs. Barbara Riggins

Mr. Peter Rissi

Mrs. Barbara Rivers

Ms. Mildred Rizk

Mr. and Mrs. Alan J. Roberts

Mr. and Mrs. Douglas Roberts

Ms. Nancy Robinson

Mr. and Mrs. George W. Rohe

Mrs. Sally G. Rollins

Mrs. Beverley Rotert

Mr. and Mrs. Derek W. Royster

Mr. and Mrs. Thomas Rush

S.A. Sloop Heating and Air Conditioning

Mr. and Mrs. Robert Salvia

Mrs. Rebecca Schenck

Mr. and Mrs. William E. Scheu

Mr. and Mrs. Andrew W. Seligmann

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Dr. and Mrs. Robert Seymour

Mr. and Mrs. William Seymour

Sharon Presbyterian Church

Sharon UMC Aldridge Class

Mr. and Mrs. Lee Sheaffer

Mr. and Mrs. Charles Shepard

Mr. and Mrs. Harold Shepherd

Ms. Jo B. Shivar

Mr. and Mrs. J. Reid Shoemaker, Jr.

Mr. and Mrs. Raleigh A. Shoemaker

Ms. Sarah K. Simmons

Mr. Thomas Skinner

Mr. and Mrs. George Sloan

Mr. and Mrs. Gerald Smith

Ms. Sharon Smith

Mr. and Mrs. William (Trey) H. Smith III

Rev. Catherine Snyder

Mr. Louie T. Looper, Jr.

Mr. Thomas H. Soos

South Hill Condominium Owners Association Inc.

SouthPark United Methodist Church

SouthPark United Methodist Women

Mrs. Martha A. Stanley

Ms. Dia Steiger

Mr. and Mrs. Charles Stewart

Ms. J. Staley Stewart

Mr. and Mrs. Wayne Stewart

Dr. and Mrs. Robert Mark Stiegel

Mr. and Mrs. D. Stitcher

Mrs. Connie Stout

Mr. and Mrs. Thomas Stukes

Ms. Kathryn Sudduth

Mr. and Mrs. John L. Sullivan, Jr.

Mr. Phillip Summa

Mr. Frank W. Sutterlin, Jr.

Ms. Betty Swanquist

Mr. and Mrs. John A. Tate III

Ms. Frances Taylor

Mr. and Mrs. William Pace Terrell

Mrs. Margaret Casper Thames

Mr. and Mrs. William A. Thompson

Mr. and Mrs. James Torbet

Mr. and Mrs. William H. Trotter, Jr.

Ms. Mary Utting

Mr. Harold Uttley

Mr. and Mrs. Van Vagianos

Mr. Cooper K. Vuncannon

Ms. Evelyn C. Walker

Mr. and Mrs. William Walker, Jr.

Anett B. Wannamaker

Mrs. Pamela B. Ward

Dr. and Mrs. Simon V. Ward III

R. and Joana Wardell

Mr. and Ms. Craig M. Wardlaw

Mr. Dan Watts

Mr. and Mrs. H. Weeks, Jr.

Mr. Raymond Weidler

Ms. Sandra Weinstein

Mr. and Mrs. Steven West

Mrs. Elizabeth White

Mr. and Mrs. Stokes White, Jr.

Ms. Reecie Wilkes

Mr. Worth Wilson

Mr. and Mrs. Christopher Withrow

Women’s Circle 2

Mrs. Elizabeth Wood

Mr. and Mrs. Robert Wood, Jr.

Dr. and Mrs. H. Linton Wray

Dr. and Mrs. Edwin Young, Jr.

This listing reflects gifts made to Sharon Towers between January 1, 2019 and December 31, 2019. While every effort for accuracy was made, if you think an error or omission has been made, please let us know by calling 704-553-3817 or by emailing jmorgan@sharontowers.org.

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Planned giving is an opportunity for you to create a legacy with a deferred gift to Sharon Towers through a bequest, retirement plan, life insurance plan, charitable remainder trust, charitable lead trust, or other planned giving vehicle. You can ensure that Sharon Towers is able to support its mission and have much needed resources for the Residents’ Assistance Fund. Through a planned gift, our residents, your friends and neighbors, are safe and secure in their Sharon Towers home should they outlive their financial resources.

The Stroupe Legacy Circle was established in 2004 and is named for Conger and Dorothea Stroupe, donors of the largest planned gift – a $1.8 million bequest – in Sharon Towers’ history. A former administrator and resident, Conger died on May 9, 1995 and left his residuary estate to Sharon Towers for the purpose of establishing an endowment to be used to assist residents no longer able to pay the full cost of their care.

Sharon Towers has the deepest gratitude to the Stroupes and to the many others who have remembered our mission of charitable care and provided support through a planned gift. Please contact Jennifer Morgan, Director of Development and Campaign, at (704) 553-3817 or jmorgan@sharontowers.org if you would like information on planned giving or to let her know that you have included Sharon Towers in your estate plans. We would love to welcome you as a member of the Stroupe Legacy Circle.

Making a Legacy Gift

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The following individuals have made legacy gifts in support of Sharon Towers:

James Alexander*Margaret Allison*Peggie Austin*Dorothy and Jack Baker*Mildred Baker*Grace Batten*Caroline Baughman*Mildred Beard*Mildred Beaty*Thomas Belk*Linda and David Bennett*Hazel Bigger*Viola Billue*Cleo Blackwelder*Emily and Doug BoothMarinell BostianDorothy Bradley*Cassie Broadway*Anita Stewart Brown*Grace and Bill Burton*Nancy Godfrey Cates*J. Boyce Choate*Marie and Herman Clanton*Anna Councilman*Elizabeth Crockett*Jane and Ray* CunninghamRose Daniel*Loran Danielson*Don and Claire* DartnallAmy and Gene Davis*Katharine Dietler*

Margaret Douglas*Mary and Kennedy Dwight*Pauline Berry Dysart*Carrie Ferguson*Joe Franzle*Mary Moore Frick*Bill Gammage*Eudora Garrison*Sammy and Bob* GatewoodPeter Gilchrist*Nina Godfrey*Anne and Alec GloverTatra and Edward Glover*Carolyn Good*Price and Katherine* GwynnWillie Choate Hampton*Romola Davis Hardy*Kathleen Foard Harkey*Jeanette and Paul Helms*Mary and Jack Henderson*Jackson Gordon Henderson*Peaches and John Hicks*Helen Hines*Margaret and Emory* HolroydDot and Jim* HowellEthel Coffey Hoyle*Dorothy Hutchison*Rusty Jenkins*Belle Johnston*Ray and Betty Killian*Vivia King*Dorothy Knox*Katherine LambertNellie and Andy* LesnickE. H. Little*

Sara Little*Albert and Lillian* LylesRachel Mason*Marie McCandless*John McKayLucy and Bill McClelland*Frances McEachern*Scottie McEwen*Marilyn McGarity*Marceline McIntire*Max McKinnon*Virginia and Bob McMullen*Bill Meanor*Derek MelumMargaret Miller*Mary Alice Miller*Sue and Marvin Miller*Ella Ann Mills*Anne and Chris MoffatMichaelle Moon*Anne and Lee MorrisJean Muller*Betty Mulliss*Suter Neale*Betty Newson*Nancy Nickels*Ada and John* OfferdahlSusan and Ben Pearce*Alida Pfaehler*Evelyn and Robert* PharrPolly and Harry Pickett*Heleah Porter*Miriam Reid*Angela and John RigsbeeEarle Roberts*

Rosa Robinson*John Roddey*Frances and John Roseboro*Eloise and Tom Rushforth*Sam and Eleanor Rutland*Geoffrey and John* SchottRachael Sharpe*Virginia and Carl Short*Anne Smith*Hazelene Sparks*Virginia Stacy*Robert Stilwell*Hila and David Stratton*Carrie Belle Strayhorn*Dorothea and Conger Stroupe*Elizabeth Tate*Katherine Thomas*Jim Trembath*Julia and Charles Trice*Mary UttingMargaret Vander Veer*Nancy and Mason Wallace*Walter Wallace, Jr.*Margaret Washburn*Sue Wayne*Rachel West*Virginia Whisnant*Elizabeth Will*Sarah Wilson*Lucy Witherspoon*Jane and Dan Wolfe*Lois and Marc* YandleJane Yarbrough*

Stroupe Legacy Circle

* denotes deceased

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Virginia K. “Lyn” Alexander Elizabeth “Lib” Hutchinson Astin Peggy Baird Bert Benton Carole A. Bourret Norma S. Burton Henry M. Carter, Jr. Jane Clapp Walter A. and Carolyn Cooper, Jr. Norris Crigler, Jr. Mary Frances Crowell Joseph Fountain, Jr. Larry Glass John and Susan Goodman Herbert and Karen Harriss Roberta Lail Hayes Maurine “Peaches” Hicks Cleve W. Howard Harold Lamont Hudson Charlotte M. Kirby Carolyn W. Kitchen Mark and Lee Page Leggett Martha Woods Mallory John Woods McKay Catherine Savage Odom Cheryl L. Pulliam Geoffrey J. Schott Harold Shepherd Sherrill Hudlow Suiter Frank W. Sutterlin, Jr. Judy M. Thatcher Craig and Martha Ann Wardlaw Reeves S. “Reecie” Wilkes

Gifts In Kind

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The Sharon Towers Mission is to “enrich the lives of those we serve by providing a nurturing environment that fosters joy, purpose, and well-being.” This charge is embraced not only within the Sharon Towers campus, but extends out into our surrounding community. Residents, families, team members, friends, and members of the community come together every year to make a difference and have a positive impact on the lives of others in the Charlotte community. Please enjoy reading about some of the highlights of our 2019 community outreach efforts.

This is a small sample of how Sharon Towers and our residents impacted the Charlotte community positively in 2019. If you would like to learn more about any of these projects, or would like to learn how you might be able to help, please contact Carmen Murphy, Community Outreach Coor-dinator, at cmurphy@sharontowers.org or 704-553-1877.

Alzheimer’s Association(act.alz.org)

• Presenting sponsor ($25,000) of the Charlotte Walk to End Alzheimer’s

• Presenting sponsor for the Dementia Education Conference ($5,000)

• Sharon Towers’ team raised almost $35,000 in 2019 to support the Alzheimer’s Association

• Over 60 staff, residents, friends, and family participated in the 2019 Walk to End Alzheimer’s

Sharon Towers’ Uptown Meal Ministry

Residents and team members made and donated 3,060 bagged meals for homeless in the community

Second Harvest Food Bank of Metrolina(https://www.secondharvestmetrolina.org/)

Sharon Towers donated 48 turkeys for Christmas

Classroom Central(https://www.classroomcentral.org/)

• Over 200 school supply items and almost $750 was donated to “The Free Store” to be used throughout the academic year

• Knitters provided over 878 hats and scarves for the store

Crisis Assistance Ministry(https://www.crisisassistance.org/)

• Twice per month, Sharon Towers provides meals for individuals who are waiting to receive services at Crisis Assistance Ministry

• Delivered 5,200 lunches in 2019

Holy Angels(https://www.holyangelsnc.org/)

Donated requested supplies from wish list and $860

Humane Society of Charlotte(https://humanesocietyofcharlotte.org/)

Donated requested supplies from wish list and $455

Mecklenburg County Senior Center Health Risk Assessment Program – in partnership with the UNC Charlotte Health Risk Assessment Lab, Mecklenburg County Parks and Rec Senior Centers, and the Community Health Center(https://health.uncc.edu/events/2018-05-21/free-health-risk-assessments-seniors)

• Underwrote the full cost of health risk assessment screenings for seniors

• Provided funding for graduate assistants to conduct the health screenings AND wellness programming at local senior centers

Community Outreach

ANNUAL REPORT 2017...headed in a new direction

5100 Sharon RoadCharlotte, North Carolina 28210

www.sharontowers.org

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ANNUAL REPORT 2017...headed in a new direction

5100 Sharon RoadCharlotte, North Carolina 28210

www.sharontowers.org

RETURN SERVICE REQUESTED.

NON-PROFITUS POSTAGE

PAIDCHARLOTTE, NC

PERMIT #1341

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5100 Sharon RoadCharlotte, North Carolina 28210

SharonTowers.org

RETURN SERVICE REQUESTED.