2018 Annual Report { FY2017 }

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Pickersgill is a nonprofit retirement community with a strong heritage of benevolent purpose. Begun in 1802 by a small group of caring women, Pickersgill is dedicated to helping each person achieve, with dignity, the proper balance between independence and assistance. We take pride in our blend of traditional values with contemporary living. We provide a comfortable home and high-quality care at a reasonable cost, and promote each resident’s vitality of spirit.

Mrs. Karen AuwaerterMrs. Carlyle Barton, Jr.Mrs. G. Wayne BerryMrs. Brian W. BrookeMs. Jana Corn BurchMrs. Marsha Carroll

Mrs. Gordon CroftMrs. Dennis FinneganMrs. Robert W. FlowerMrs. Jane S. HeillMrs. Ellen HennesseyMrs. Jean R. Lillquist

Mrs. Carol Long MackayMrs. William A. MangelsMrs. Sandra OrtweinMrs. Russell P. RichMrs. Jack SmithMrs. Stephen Tully, President

Pickersgill Retirement Community 2017 Board

of Directors

Mission Statement

Rendering of proposed Nursing & Living Area

From its initial establishment in 1802, the oldest institution of its kind in our country, Pickersgill Retirement Community has continually transformed itself throughout the years to meet the changing needs of our residents.

Last year we not only completed a new rehabilitation center that was doubled in size, we embarked on a multi-year community design plan that will transform the majority of our interior spaces as well as add new amenities such as a wellness center and additional activity spaces for our residents to enjoy. This ambitious project was started with the sole purpose of improving the quality of life of our residents. Throughout all of these changes, we’re proud that we have never wavered from the core of our mission: providing a comfortable home and high-quality care for residents at a reasonable cost.

Our commitment to enhancing the lives of our residents started more than two centuries ago in 1802, when a small group of ladies built the foundation for what is now Pickersgill Retirement Community. Those remarkable ladies would be amazed to see how Pickersgill has changed over time and helped to transform the lives of thousands of residents.

We are grateful for all that is made possible through the donation of resources, both time and money, by the generous people who make up the Pickersgill family: the residents who call Pickersgill home, their friends and family members, our board, our exceptional staff, our resolute volunteers and our dedicated community sponsors. Thank you for your continued support and love of our residents.

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What a fitting word to describe the past year at Pickersgill.

Barry EisenbergExecutive Director

Faye TullyPresident, Board of Directors

Letter from the President of the Board of Directors and the Executive Director

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“We’re proud that we have never wavered from the core of our mission: providing a comfortable home and high-quality care for residents at a reasonable cost.”

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2017 INVESTMENT COMMITTEE

Robert W. Bogue, ChairmanMonica HausnerRobert C. LewisR. Taylor McLean Michael A. MeredithWilma Zimmerman

OPERATIONAL REVENUE BY SOURCE

Resident fees 13,213,177

Contributions and Bequests 54,382

Gains on Investments 798,671

Other 26,968

ASSETS 2017 2016

CURRENT ASSETS

Cash and cash equivalents $5,953,893 $4,419,696

Short term investments 1,998,231 1,273,594

Accounts receivable- net 500,140 359,428

Accrued investment income 139,961 147,662

Prepaid expenses 231,345 205,858

Other current assets 3,636 18,430

Total current assets 8,827,206 6,424,668

PROPERTY, PLANT AND EQUIPMENT- NET 28,424,367 28,909,162

OTHER ASSETS

Investments 66,434,989 57,953,149

Resident fund reserves 282,832 261,827

Deposits 209,801 204,658

Total other assets 66,927,622 58,419,634

TOTAL ASSETS $104,179,195 $93,743,464

LIABILITIES & NET ASSETS 2017 2016

CURRENT LIABILITIES

Accounts payable $641,321 $549,331

Accrued expenses 364,443 277,790

Current portion of long-term debt 1,190,000 1,150,000

Total current liabilities 2,195,764 1,977,121

LONG-TERM LIABILITIES

Long-term debt, net of current portion 23,170,419 24,279,711

Derivative financial instrument 3,394,517 3,877,151

Security deposits 300,897 276,616

Long-term liabilities 26,865,923 28,433,478

Total liabilities 29,061,687 30,410,599

NET ASSETS

Unrestricted 75,100,978 63,325,054

Temporarily restricted 16,530 17,811

Total net assets 75,117,508 63,342,865

TOTAL LIABILITIES AND NET ASSETS $104,179,195 $93,753,464

Financial Highlights

Rendering of proposedHome Lobby

The purpose of the Residents’ Association is to enhance the welfare of the apartment residents by promoting ways to make their lives more interesting, enjoyable, and beneficial.

The Association encourages fellowship and participation in all cultural, recreational, religious, and social programs. Association officers also meet regularly with Pickersgill’s Executive Director and staff, as well as with members of the Pickersgill Board.

The following Association activities were recorded during 2017:

• Residents continued a scholarship fund to benefit Pickersgill employees.

• Invited “Behind the Scene” employees to speak at monthly meetings.

• Held a Halloween party for children of employees.

• Donated $150 to the Benevolent Care Fund in memory of deceased residents.

• Donated $100 to the Activities Department by the Bingo Group.

• Continued quarterly meeting with Executive Director to give facility satisfaction feedback.

• Purchased and planted hydrangeas throughout the property.

• Wellness committee continues to expand its programming for residents.

Members of the Apartment Residents’ Association regularly volunteer to maintain the library, plants, and clocks; staff the convenience store; and assist with religious services, social hours, games, and programs. We are all indebted to the many Association volunteers and the ladies of the Board of Directors who give so generously of their time.

Elinore Davidson President, Pickersgill Apartment Residents’ Association 2017

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A Report from Pickersgill Retirement Community Apartment Residents’ Association

From left to right: Bobbie Trammell, Mary Lou Fish, ElinoreDavidson, Jane Seipp and Nancy Campbell

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Mrs. Karen AuwaerterJean BakerMrs. Mary BartonKatee BearMs. Christina Beltran Mrs. Rosemary BerryMr. Jim BjorkholmMs. Pat BlakeMrs. Rose BloombergMs. Peggy BonnerMrs. Ann BrookeMs. Beulah BrownJana Corn BurchMr. Don CampbellMrs. Nancy CampbellDickey CanelosMs. Marsha CarrollMs. Sally CartwrightMrs. Anne CaskeyMr. Wayne CaskeyMs. Joanne Chamberlin Mrs. Emma Chatham

Mrs. Joyce CohenMs. Rhonda CohenMrs. Jane CroftMrs. Ann CromwellMs. Catherine CroninMr. Edmund CroninMrs. Lenore D’AdamoMr. Jack DanzMs. Tina Darrell Mrs. Elinore DavidsonMr. Dick DavidsonMr. Stephen DeRitaDr. Bob DuvalMrs. Peggy EckMs. Mary Ellen EnsorMrs. Lois EvansMr. Richard EvansMr. John FaminiMrs. Christine FerciotMrs. Fran Finnegan Ms. Mary Lou FishMrs. Dorothy Flannery

Mrs. Nancy FlowerMrs. Mary ForresterMrs. Elaine GehrisMrs. Rosemary GiovannoniMrs. Henni HagnerMrs. Mary Jane HallMs. Jeanne Hansen Ms. Ann HarperMs. Dorothy HassonMr. Al HayesMrs. Margaret HayesMs. Nancy HeeseMrs. Jane HeillMrs. Sunny HendleyMrs. Ellen Hennessey Ms. Brigitte HenningMrs. Audrey HerzogMrs. JoAnne HolbackMs. Mary HollandMrs. Pat HoopesMs. Dorothy HopkinsMrs. Jane Hoyt

Mr. William HoytMrs. Susie HunterMr. William HunterMr. Paul IliffMr. Bud IveyMs. Michele JacksonMs. Reada JasperMr. BJ JohnsonMs. Cheryl KarcherMr. Fred KatzHelen KempMs. Bea KennedyMrs. Shirley KnodeMr. Bob KnowlesMrs. Bonnie KramerMs. Lynn Lehneis Mrs. Judy Lichty Mrs. Jean LillquistMrs. Tara LilyMrs. Carol Long Mackay Mrs. Ann Mangels Mr. Bill Mangels

Pickersgill Retirement Community is enormously grateful to its volunteers. From visiting with pets to helping residents get to various

activities, our volunteers selflessly give their time and talents to enhance the quality of life for Pickersgill residents.

Special Thanks to Our Volunteers

Rendering of proposedSuite Conversion

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Mrs. Jean McClaryMs. Marilyn MeltonMs. Renate MilewichMs. Patty Mochel Mrs. Virginia ModjeskyMr. John MooreMrs. Jean MooreMrs. Lucy MooreMs. Angela MulcahyMs. Tallie Eunice MurrielMs. Jacquelyn MyersMrs. Judy MyersAnni NiedermeyerMrs. Sandra OrtweinMr. Malcolm ParkerMrs. Trina PetersMr. Michael PetersMrs. Carol PolkMs. Virginia PriceMs. Mary RandisiMrs. Marty ReidMrs. Stephanie RichMr. Jerry RoeslerMrs. Francine SellingerMs. Jane SeippMrs. Mary Jane ShorterRev. Ernest SmartMs. Janice SmartMrs. Hilda SmithMrs. Jean SmithMr. Jack SmithMrs. Judy SmithMrs. Angie SoboMrs. Daisy StrasingerMrs. Mae Strom

Ms. Midge TaylorMs. Bobbi TrammellMs. Sally TullisMrs. Faye TullyMrs. Charlotte TuradianMs. Marilyn Van TassellMr. Bill WerneckeMr. Bill WestMr. Pete WhiteMrs. Joyce WilhideMr. Randy WolfordMrs. Betty Lou YoungMs. Wilma Zimmerman

Pickersgill is also grateful to the many students who choose to volunteer at Pickersgill from schools, colleges and universities all over the Baltimore metro area. The following schools were represented in 2017:

Calvert Hall High SchoolGilman Boys SchoolLoch Raven High SchoolLoyola Blakefield High SchoolMaryvaleNotre Dame PrepSt. Paul’s School for GirlsTowson UniversityUniversity of MarylandUniversity of Maryland School of

Pharmacy

Volunteer Clergy and Lay Ministers

The Rev. Joseph F. Barr Church of the Immaculate Conception

Lay Minister Beulah Brown Faith Christian Fellowship

Lay Minister Jack Danz Grace United Methodist

The Rev. Garet Ellis First Luthern Church

Lay Minister Richard Evans Church of the Immaculate Conception

The Rev. Nick Ganas Timonium Presbyterian Church

Lay Minister Lynn Lehneis Church of the Immaculate Conception

Lay Minister Judy Lichty Capitivate Christian Church

The Rev. James McSavaney Grace United Methodist

Lay Minister Eunice Murriel Faith Christian Fellowship

Lay Minister Francine Sellinger Univ. of MD St. Joseph’s Medical Center Chapel

The Rev. Jessica Sexton Church of the Good Shepherd

The Rev. Ernest Smart St. Andrew’s Christian Community

The Rev. Caroline Stewart Church of the Redeemer

The Rev. Tally Wilgis Captivate Christian Church

Faye Tully Music Ministry

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Annual Report of Gifts from January 1, 2017 to December 31, 2017

Listed below is a list of donors who left legacy gifts to Pickersgill.

Helen M. Alban Margaret M. CooperHally Brent DameAlonzo G. and Virginia G. DeckerEdward B. FreemanJoseph L. GennerWilliam M. GinderAlexander Gordon IVAlice E. HeldMary JohnsonCatherine A. Lortz

Raymond D. Miller Jr. Maurice M. Mitchell Jr. Louise Sifford O’Connor Robert E. PerkinsRev. Douglas PittGrace C. TavennerAgnes E. TigheDonald TuckerD’Arcy Hilles Gordon Young

MARY PICKERSGILL SOCIETY - $1,000 AND UPMrs. Karen AuwaerterMrs. Carlyle Barton Jr.BB&T CorporationMr. Robert W. Bogue and Dr. Lauren

BogueMr. and Mrs. Brian W. BrookeMr. and Mrs. Charles W. Brooks Jr.Ms. Mary Catherine BuntingMr. and Mrs. John B. CloughMrs. Gina CooperMr. and Mrs. Robert CreagerMr. and Mrs. Gordon CroftMrs. Worth B. Daniels Jr.Mrs. Betty H. DempsterMr. and Mrs. P. Douglas DollenbergMr. and Mrs. Barry EisenbergFirst Tennessee FoundationDr. and Mrs. Robert W. FlowerMr. and Mrs. Raymond GiovannoniMr. and Mrs. H. Paul Heill Ms. Ellen Hennessey

Mrs. Marilyn MeltonMr. and Mrs. Michael A. MeredithThe Joseph Mullan CompanyMs. Jacquelyn MyersPNC BankRemedi SeniorCareMr. Charles SanbornMrs. Ellen ScurachioSodexo Senior LivingMr. James StromMrs. May StromMr. and Mrs. Stephen TullyWestfield Capital ManagementMr. and Mrs. Josiah J. Willard IIIMr. Charles W. ZimmermanMs. Wilma J. Zimmerman

STAR SPANGLED BANNER CLUB - $500 TO $999Mrs. Rosemary BerryMs. Marsha CarrollMr. and Mrs. Dennis Finnegan

The Heritage Society: Leaving a Legacy

We are deeply grateful to those who have made the decision to include

Pickersgill in their will or estate plan. Their thoughtfulness today provides

for Pickersgill’s tomorrow.

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Donor Report FY2018

Rendering ofproposed Sun Room

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Mr. Richard C. GamperMr. and Mrs. James Gribbell, Jr.Mr. and Mrs. John Handley Mrs. Janice HarrisDr. and Mrs. Joseph Henry HooperMr. and Mrs. William H. HouptMrs. Reada JasperMr. and Mrs. Stanley J. KraskaMr. and Mrs. William A. MangelsMrs. Anni NiedermeyerMrs. Sandra OrtweinMr. and Mrs. Russell Purnell RichMs. Brenda May RichardsonMr. Wilfred J. Roesler

Mr. and Mrs. John SchenningMr. and Mrs. John H. StromMr. and Mrs. James A. Ulmer IIIMr. Patrick Worrall

BICENTENNIAL CLUB - $200 TO $499Mrs. Jean BergBollinger Energy Corp.Mrs. Dorothy BoyceMr. Walter BrewsterBrightview Landscapes, LLCMr. and Mrs. Richard BurchMr. and Mrs. Steven Cline

Mrs. Margaret EckDr. and Mrs. Bob W. GaylerDr. and Mrs. Clarence GehrisMr. John GoodwinGreater Towson Council of

Community AssociationMr. Brant HartMs. Monica HausnerMr. Brant HartMr. and Mrs. Douglas HartMrs. Lesley HormanMrs. Violet HormanMr. and Mrs. William F. Hunter Jr. Ms. Reada JasperMrs. Townsend KentMs. Judith KeysMr. and Mrs. Kenneth LewMr. and Mrs. Craig LewisMr. and Mrs. Kenneth LillquistMr. and Mrs. Morgan LoaneMrs. Anita P. LogsdonMrs. Sara Jane NickelsMrs. Agnes OremMr. Charles F. PeaceMr. and Mrs. Stephen J. PhillipsPickersgill Apt. Residents’ Assn.Mr. and Mrs. William J. PriceMr. and Mrs. Tate O. ReddingMr. Bruce RichardsMr. and Mrs. William RinehartMrs. Rita SchroederMr. and Mrs. Edward (Jack) SmithMr. Larry WalkerMrs. Janet M. WickensWoman’s Club of Towson

PATRIOT CLUB - $100 TO $199Mr. William BiehlMr. John BosleyMrs. Betsy Westervelt BowenMr. Martin S. CassidyMr. and Mrs. Jeffrey ChathamMr. John ChristopherMr. Charles T. Cronin IIIMr. John DeckerMr. Edward DircksMrs. Barbara DowlingDr. Robert DuvallMr. and Mrs. Daniel EllisMr. and Mrs. Burton EnglishMs. Mary Ellen EnsorMr. and Mrs. Todd EvansMr. and Mrs. Michael T. FavaMs. Patricia A. FinneganMs. Carol R. FoglesongMs. Gloria J. FranciscoMrs. Catherine FraneyMs. Esther HallMrs. Barbara HarantMs. Claire HartmanMr. and Mrs. William A. HoytMr. and Mrs. Richard P. HowardMr. and Mrs. Jay HurdMrs. Reada JasperMr. Richard KaplanHon. and Mrs. Dana LevitzMrs. Carol Long - MackayMrs. Barbara K. MathesonMrs. Dolores McClees

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Mr. and Mrs. Peter McNamaraMrs. Sharon MolanderMrs. Dorothy MooneyMrs. Maureen MurrayMrs. Ronald D. Nickles Mr. and Mrs. W. Walter OrtelMr. Gordon PeltzMs. Ida PoteetMrs. Elizabeth ReeseMr. and Mrs. Charles RittenhouseMr. and Mrs. Albert SchnuppMr. and Mrs. Andrew ShorterMs. Mary Jane ShorterMrs. Muriel SimonMr. and Mrs. Ian SmithMrs. Carole SodyMrs. Daisy StrasingerMr. and Mrs. Richard SuffrediniMr. Calvin SweetenMrs. Linda TaylorMr. and Mrs. Myron E. TaylorMr. Stephen Varanko

Ms. Terry WalterMr. Douglas WarrenMr. Win WesterveltMrs. Elizabeth WheelerMrs. Margaret WhitmanMr. and Mrs. Dorsey YearlyMrs. Betty Lou Young

FRIENDS - UP TO $99Mrs. Beth AlderMr. and Mrs. Daniel BabichBalto. Co. Employees Credit UnionMr. and Mrs. Jesse BartleyMr. Paul BerryMr. and Mrs. Harry BetsillMr. and Mrs. William J. BlairMr. and Mrs. John BosleyMr. and Mrs. Richard BradleyMs. Suzanne BrawleyMrs. Forrest CatronMrs. Michelle ChathamMrs. Rochelle Cohen

Mrs. Mary Pat ColianniMr. and Mrs. Charles CookMr. and Mrs. Lingard DircksMs. Nancy ElsonMs. Ruth M. FangmanMrs. Doris S. FletcherDr. and Mrs. Paul GormleyMr. John F. GreeneMr. and Mrs. Frederick GriffithMs. Elva M. HabichtMs. Barbara HamiltonMr. Charles HarlanMrs. Jean HarrisonMr. and Mrs. W. Carl HossfeldMrs. Reada JasperMrs. Helen KempDr. and Mrs. Thomas J. KennyMrs. Dusty LidinskyMrs. Loraine LobeMrs. Sandy LynchMr. James B. MartinMrs. Karen Maylor

Mr. and Mrs. Charles B. MeyerMr. and Mrs. George MillerMrs. Margaret MillerMr. Thomas MurrayMrs. Linda MyersMrs. Doris NewellMr. and Mrs. Patrick O’ConnellMr. and Mrs. Marvin L. OedMrs. Rebecca OrrickMr. and Mrs. Edgar L. PitmanMr. and Mrs. Doug PulsMr. and Mrs. Richard L. ReidMrs. Ann M. RemingtonMrs. Adriane RosenthalMr. and Mrs. Thomas SchaeferMs. Stephanie SeippMr. Robert ShafferMr. Lawrence P. SmithMr. and Mrs. Ross SmithMrs. Leigh ThomasMs. Nancy ThompsonMr. Thomas Trapp

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Rendering of proposed 2nd Floor Corridor

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Ms. Courtney M. UlmerMrs. Dorothy WarfieldMrs. Mernie WeathersMrs. Margaret WhitmanMrs. Carmen WiessnerMs. Susan Wilhelm

THE BENEVOLENT CARE FUNDMrs. Beth AlderMr. and Mrs. Daniel BabichBalto. Co. Employees Federal Credit

UnionMrs. Rosemary BerryMr. and Mrs. Harry BetsillMr. and Mrs. William J. BlairMr. and Mrs. Richard BradleyMr. and Mrs. Jeffery ChathamMs. Michele ChathamMr. John ChristopherMrs. Mary Pat L. ColianniMr. and Mrs. Robert Creager

Mr. John DeckerMrs. Betty H. DempsterMrs. Barbara DowlingDr. Robert DuvallMrs. Mary Ellen EnsorMs. Patricia A. FinneganDr. and Mrs. Bob GaylerMr. and Mrs. Raymond GiovannoniMr. and Mrs. John F. GreeneMr. and Mrs. Frederick GriffithMs. Elva M. HabichtMs. Barbara HamiltonMr. Brant HartMr. and Mrs. Paul HeillMr. and Mrs. Richard P. HowardMr. and Mrs. William F. HunterMrs. Reada JasperMr. Richard M. KaplanMr. and Mrs. Craig LewisMr. and Mrs. E. Morgan LoaneMs. Sandy LynchMr. and Mrs. William A. MangelsMrs. Delores McCleesMr. and Mrs. Peter McNamaraMr. and Mrs. Charles B. MeyerMr. and Mrs. George MillerMrs. Margaret MillerMrs. Dorothy MooneyMr. and Mrs. Ronald D. NicklesMrs. Sara Jane NicklesMr. and Mrs. Marvin L. OedMrs. Agnes OremMr. and Mrs. Edmond B. Nolley, Jr.

Mrs. Mary ParrMr. and Mrs. John PaullPickersgill Apt. Residents’ Assn.Mrs. Ida PoteetMrs. Deborah PotterMr. and Mrs. Doug PulsMr. and Mrs. Wilfred J. RoeslerMr. Charles SanbornMr. and Mrs. John SchenningMr. and Mrs. Albert SchnuppMrs. Rita SchroederMrs. Ellen ScurachioMrs. Stephanie SeippMs. Mary Jane ShorterMrs. Muriel SimonMr. and Mrs. Joseph W. SmallMr. and Mrs. Ross SmithMs. Daisy StrasingerMr. and Mrs. John StromMr. and Mrs. Richard SuffrediniMr. Scott TateMr. Joseph TegelerMrs. Nancy L. ThompsonMr. Thomas TrappUnited Parcel ServiceMr. Stephen VarankoMr. and Mrs. William WagnerMr. Larry WalkerMs. Terry WalterMrs. Dorothy B. WarfieldMr. Dale WeammertMrs. Janet M. WickensMr. and Mrs. George S. Wills

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About The Benevolent Care Fund

The original charitable mission of Pickersgill Retirement Community when it was founded in 1802 is being fulfilled today, in large part, by The Benevolent Care Fund. While the majority of residents will never need this special fund, Benevolent Care offers security and peace of mind to those who do by bridging the gap and providing financial assistance when necessary on a case-by-case basis.

We embarked on a multi-year community design plan that will transform the majority of our interior spaces as well as add new amenities.

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Rendering of proposed Multi-Purpose Indoor/Outdoor

Activity Space

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Woman’s Club of TowsonMrs. Patsy WoolridgeMrs. Betty Lou YoungMr. Charles W. ZimmermanMs. Wilma J. Zimmerman

THE ANNUAL FUNDMrs. Karen AuwaerterMr. and Mrs. Jesse BartleyMrs. Carlyle BartonMr. W. Robert BensonMr. William BiehlMr. F. Barry BilsonMr. Robert W. Bogue and Dr. Lauren

BogueBollinger Energy CorporationMr. and Mrs. John D. BosleyMrs. Betsy Westervelt BowenMrs. Dorothy BoyceMrs. Suzanne BrawleyMr. Walter BrewsterMs. Mary Catherine BuntingMr. and Mrs. Richard BurchMrs. Suzanne BurgerMs. Marsha CarrollMr. Martin S. CassidyMrs. Forrest CatronMrs. Patricia J. ClementMrs. Rochelle CohenMrs. Gina CooperMr. and Mrs. Robert CreagerMr. and Mrs. Gordon CroftMrs. Worth B. Daniels Jr.Mrs. Vivienne DerryMr. Edward Dircks

Mr. and Mrs. Lingard DircksMrs. Rae DisneyMrs. Margaret EckMr. and Mrs. Daniel EllisMrs. Nancy ElsonMr. and Mrs. Burton EnglishMrs. Gloria EpsteinMr. and Mrs. Todd EvansMr. and Mrs. Michael T. FavaMr. and Mrs. Dennis FinneganFirst Tennessee FoundationMrs. Doris S. FletcherDr. and Mrs. Robert W. FlowerMs. Carol R. FoglesongMrs. Catherine FraneyMr. Richard C. GamperMr. John GoodwinDr. and Mrs. Paul GormleyGreater Towson Council of

Community Assoc.Hamilton Insurance AgencyMrs, Esther L. HallMr. and Mrs. John HandleyMrs. Barbara HarantMrs. Janice HarrisMr. and Mrs. Douglas HartMrs. Monica HausnerMs. Claire HartmanMs. Ellen HennesseyDr. and Mrs. Joseph Henry HooperMrs Lesley HormanMrs. Violet HormanMr. and Mrs. Carl W. HossfeldMr. and Mrs. William A. HoytMr. and Mrs. Jay Hurd

Ms. Reada JasperThe Joseph Mullan CompanyMrs. Helen KempDr. and Mrs. Thomas J. KennyMrs. Townsend KentMrs. Judith KeysHon. and Mrs. Dana LevitzMr. and Mrs. Frank G. LidinskyMrs. Loraine LobeMrs. Anita P. LogsdonMrs. Carol Long MackayMs. Barbara MathesonMrs. Karen MaylorMs. Maureen MurrayMs. Jacquelyn MyersMrs. Linda MyersMrs. Doris NewellMrs. Sara Jane NickelsMrs. Anni NiedermeyerMr. and Mrs. Patrick O’ConnellMrs. Anni NiedermeyerMrs. Rebecca OrrickMr. and Mrs. W. Walter OrtelMrs. Sandra OrtweinMr. Gordon PeltzMr. & Mrs. Edgar L. PitmanMr. and Mrs. Richard L. ReidMs. Ann M. RemingtonMr. and Mrs. Russell Purnell RichMr. and Mrs. Thomas SchaefferMrs. Rita SchroederMr. Robert ShafferMr. and Mrs. Andrew ShorterMr. and Mrs. Edward (Jack) SmithMr. and Mrs. Ian Smith

About the Annual Fund

Contributions to this popular fund go directly toward what’s needed most. All donations—unless otherwise specified—are directed toward The Annual Fund. The Annual Fund helps to support music programs, celebrations and special programs for residents. All gifts can be in memory or in honor of a family member or friend, and all gifts—regardless of size—make a difference!

Mr. Lawrence P. SmithMrs. Carole SodyMr. James StromMr. and Mrs. John StromMrs. A. Mae StromMr. and Mrs. Calvin W. SweetenMrs. Leigh ThomasMr. Larry WalkerMr. Douglas WarrenMr. Win WesterveltWestfield Capital ManagementMrs. Margaret WhitmanMrs. Janet WickensMr. and Mrs. Josiah J. Willard IIIMr. Patrick WorrallMr. and Mrs. Dorsey YearleyMr. Charles W. ZimmermanMs. Wilma J.Zimmerman

THE CHAPEL FUNDMr. Brant Hart

GIFTS IN-KINDAmerican Visionary Arts MuseumBaltimore Museum of IndustryBaltimore Symphony OrchestraBaltimore Tea and CoffeeBluestone RestaurantChatty CraftersMr. & Mrs. Richard Davidson Ms. Patricia GatesFriendly Farms RestaurantDr. and Mrs. Frederick GehrisGoetze CandyMr. and Mrs. Al Hayes

Mr. Charles HerndonLadew GardensMs. Marilyn MeltonMaryland Historical SocietyMichael’s Cafe Mr. & Mrs. Jack MooreMs. Jacque MyersMs. Eleanor OwensPeppermill RestaurantMrs. Sara RileyRadebaugh’s Florist & GreenhousesMrs. Jane SeippSpa in the ValleySystems Furniture InstallationsThe Turnover Shop

COUNTRY FAIR SPONSORSBB&T Corporation Bollinger Energy Corporation Brightview Landscapes Inc. Harlan/BarnesPNC BankRemedi SeniorCare

Pickersgill Retirement Community contributed to the Benevolent Care Fund in memory of the following residents who died in 2017:

Eleanor BannisterCatherine CareyJane CreagerHoward DircksJeanne Disney

Margaret EdmonstonDorothy GerlachSandra HedrickSusanne HiginbothomRuth HowardLida KingDoris KlappLouis KnoedlerFlorence MaHaffeyEileen MaloneyMargaret McClearyAlice McNamaraSamuel MetteeWilliam NormanArdis O’ConnorBarbara PolasikIdell PurcellNancy SaundersMarie SchleupnerMary SchuhartNancy ShauckAnne ShumanJane StifflerEmma TaylorCatherine Wagner

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About the Chapel Fund

Chapel Fund gifts go towards the renovation and upkeep of our Chapel which is the heart and soul of our community.

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Rendering of proposed Activity Room

This ambitious project was started with the sole purpose of improving the quality of life of our residents.

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MEMORIALS

Elizabeth BilsonMr. F. Barry Bilson

Jean BosleyMr. and Mrs. John Bosley

Rose CarlinoMr. Richard M. Kaplan

Mathilde Clark HolmesMr. and Mrs. William J. Price

William CrawfordMr. Walter Brewster

Jane CreagerMr. and Mrs. Robert Creager

Elizabeth DaunicMr. and Mrs. Richard P. Howard

Howard DircksMr. and Mrs. Jesse BartleyMr. and Mrs. Robert CreagerMr. Edward Dircks

Mr. and Mrs. Lingard DircksMr. Robert ShafferMr. and Mrs. Ian SmithMrs. A. Mae StromMr. James StromMr. and Mrs. John Strom

Marilyn EdickMrs. Forrest CatronMrs. Jacquelyn Myers

Helen FinneganMs. Patricia A. Finnegan

Jean FraunfelterMr. and Mrs. Harry E. Betsill

Charles and Jacqueline GamperMr. Richard C. Gamper

Dorothy GerlachMr. and Mrs. Daniel BabichBalto. Co. Employees Federal Credit UnionMr. John Decker

Mrs. Delores McCleesMrs. Margaret MillerMr. and Mrs. Ross SmithMr. Thomas Trapp

Webster GreenmanThe Joseph Mullan Company

Harriet GreifMr. and Mrs. John HandleyMr. and Mrs. John Schenning

Richard and Claire HartmanMs. Claire Hartman

Helen Hauser Mr. Richard M. Kaplan

Ruth HowardMr. and Mrs. Richard Bradley

Majorie L. JonesMrs. Janet M. Wickens

Lida KingMrs. Linda Myers

Hilda Jean LewisMr. and Mrs. Patrick O’Connell

Helen Lindenstruth Mrs. Agnes Orem

Regina LongMrs. Carol Long -Mackay

Joan MaloneyMrs. Barbara Harant

Louise Sweeten McCainMr. and Mrs. Calvin W. Sweeten

Frances MeginnisMr. and Mrs. Burton English

Jennie MillsMr. and Mrs. Charles B. Meyer

Agnes MitchellMs. Wilma J. Zimmerman

Marie MurrayMrs. Catherine FraneyMs. Maureen Murray

Marie NicklesMr. and Mrs. Ronald D. Nickles

Richard C. NickelsMrs. Sara Jane Nickels

Ernest NiedermeyerMrs. Anni Niedermeyer

Ardis O’ConnorMr. and Mrs. Robert CreagerMr. John F. GreeneMrs. Dorothy MooneyMr. Thomas MurrayMr. and Mrs. John StromMr. Stephen VarankoWoman’s Club of Towson

Hortense ReneMrs. Carmen Wiessner

Dorothy RoeslerMr. Wilfred J. Roesler

Mary SappingtonMrs. Beth AlderMr. Patrick Worrall

Marie SchleupnerMr. and Mrs. John Strom

Mary SchuhartMr. and Mrs. Daniel Ellis

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Mr. and Mrs. Thomas SchaeferMrs. Leigh Thomas

Anne SchumanMrs. Ellen Scurachio

Eunice A. SuttonMs. Nancy Elson

Edythe ThompsonMrs. Mary Pat L. Colianni Ms. Nancy L. Thompson

Richard F. WarrenMr. Douglas Warren

Harry YoungBetty Lou Young

Laura ZentzMs. Terry Walter

William ZimmermanMrs. Wilma J. Zimmerman

HONORARIUMS

Emma ChathamMs. Michelle Chatham

William CrawfordMr. Walter Brewster

Kathy KaylorMrs. Margaret Eck

Brigitte HenningMrs. Margaret Whitman

Bill and Susie HunterMr. and Mrs. George S. Wills

Mary HurdMr. and Mrs. Jay Hurd

Pickersgill Board of DirectorsMr. and Mrs. E. Morgan Loane

Brenda RichardsonDr. and Mrs. Clarence GehrisMs. Gloria J. FranciscoMr. Bruce Richards

Jane SeippMrs. Stephanie Seipp

William and Mary ShockMr. John Christopher

Muriel SimonMr. and Mrs. Richard Suffredini

Jack and Jean SmithMs. Wilma Zimmerman

Mae StromMr. James Strom

Mrs. Faye TullyHon. and Mrs. Dana Levitz

Wilma ZimmermanMr. and Mrs. Michael T. FavaMs. Carol R. FoglesongMr. and Mrs. Edgar L. PitmanMs. Ann M. RemingtonMr. Charles W. Zimmerman

THE NAMED FUND FOR THE ENDOWMENT

Frances Deveas Albright Endowment Fund

Mr. and Mrs. Stanley J. Kraska

Rosemary Berry Endowment FundMr. Paul Berry

What is the Named Fund for the Endowment?

A Named Fund for the Endowment is a way to honor a friend or loved one. A new fund is started with an initial gift of $200 or more and then grows with additional donations made by family and friends. Any amount can be given at any time. As long as at least one gift of any amount is given each year, the fund will be recognized in our Annual Report.

Where does my gift go?

The purpose of an organization’s endowment is to provide permanent financial support. Pickersgill’s named funds become part of the principal of our endowment, which generates an income flow that’s applied where needed, helping with critical needs such as benevolent care and our depreciation and replacement fund.

How can I start a Named Fund?

Contact the Development Office at 410-842-0421 or e-mail Jstrom@pickersgillretirement.org.

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Frances J. Brooks Endowment FundMr. and Mrs. Charles W. Brooks Jr.

Rose Carlino Endowment FundMs. Brenda May Richardson

Elizabeth Boyce Clough Endowment Fund

Mr. and Mrs. John B. Clough

R. Virginia Cronin Endowment FundMr. Charles T. Cronin, III

Doris P. Dollenberg Endowment Fund

Mr. and Mrs. P. Douglas Dollenberg

Marilyn Beyerle Edick Endowment Fund

Ms. Jacquelyn MyersMrs. Linda Taylor

Hannah Young Fearson Endowment Fund

Mrs. Marilyn Melton

Mrs. Frank Lloyd Hammond Endowment Fund

Mr. and Mrs. Brian W. Brooke

Helen B. Hauser Endowment FundMs. Gloria J. Francisco Dr. and Mrs. Clarence GehrisMr. Bruce Eric RichardsMs. Brenda May Richardson

Mathilde Clark Holmes Endowment Fund

Mr. and Mrs. William J. Price, V

Susie and Bill Hunter Endowment Fund

Mr. Charles CookMr. and Mrs. George S. Wills

James and Audrey Kane Endowment Fund

Mrs. Sharon Molander

Ruth Lemkau Endowment FundMr. and Mrs. William H. HouptMs. Elizabeth Wheeler

Anna May Lew Endowment FundMr. and Mrs. Kenneth Lew

Ruth C. Martin Endowment FundMs. Ruth M. FangmanMr. James B. Martin

Theresa E. McCarthy Endowment Fund

Ms. Courtney M. UlmerMr. and Mrs. James A. Ulmer III

Doris Wetmore Morgan Endowment Fund

Mr. and Mrs. Charles W. Morgan

Lawrence G. Myers and Thelma D Endowment Fund

Ms. Jacquelyn Myers

Ann Louise Thomas Peace Endowment Fund

Mr. and Mrs. Thomas PeaceMr. Charles F. Peace, IV

Elizabeth T. Pick Endowment FundMr. and Mrs. Myron E. Taylor

Dolores J. Redding Endowment Fund

Mr. and Mrs. Tate O. Redding

G. Robert Reese Endowment FundMrs. Jean BergMrs. Margaret EckMrs. Elizabeth Reese

Hortense Rene Endowment FundMr. and Mrs. James F. Gribbell Jr. Mrs. Carmen Wiessner

Olive S. Rinehart Endowment FundMs. Marcia L. ConlinMr. and Mrs. Kenneth LillquistMr. Phillip LillquistMr. and Mrs. William Rinehart

Jean Smith Endowment FundMr. and Mrs. Edward (Jack) Smith

Eugene and Norma Struckhoff Endowment Fund

Mr. and Mrs. Steven Cline

Dorsey Yearley Endowment FundMr. and Mrs. Michael A. Meredith

D’Arcy Hilles Gordon Young Endowment Fund

Mr. and Mrs. Stephen J. Phillips

Wilma ZimmermanMr. Charles W. ZimmermanMr. and Mrs. Michael T. favaMs. Ann M. Remington

Eva Zumbrun Endowment FundMs. Brenda May Richardson

19

Every effort has been made to ensure accuracy of this report. If you have encountered an error, please notify the Development Office at 410-842-0421.

OVERVIEW:■ Nonprofit, nondenominational,

independently owned and managed ■ Continuous care retirement

community■ 216 years old (since 1802)■ Maryland’s oldest retirement

community

RESIDENTIAL LIVING:■ Serving approximately 270 residents■ 138 Assisted Living rooms and suites■ 87 Independent Living apartments■ 35 Skilled Nursing Care rooms

FEES:■ No entrance fee■ Call for monthly fees

LOCATION:

SITE SIZE: ■ 16 acres, including well-landscaped

grounds

AMENITIES:■ Spacious assisted living rooms and

suites with kitchenettes and private baths

■ Formal dining rooms■ Casual dining café■ Walking paths■ Chapel/Meditation room■ Libraries■ Auditorium■ Convenience store■ Computer lab■ Beauty and barber shop■ And more

A Rich History: Serving Seniors for more than Two Centuries

Founded as a charitable organization in 1802, Pickersgill Retirement Community is named after one of the organization’s early leaders, Mary Young Pickersgill, the Baltimore flagmaker who sewed the flag that flew over Fort McHenry during the War of 1812 that inspired Francis Scott Key to write our national anthem, “The Star-Spangled Banner.”

Today, the nonprofit, nondenominational, independently owned and managed retirement community offers seniors a comfortable retirement lifestyle with a variety of independent living, assisted living and skilled nursing care accommodations.

The Star-Spangled Banner. Photo courtesy of Smithsonian Institute. Flag can be viewed at the National Museum of American History.americanhistory.si.edu

Mary Young Pickersgill,1776 – 1857

About Us

615 Chestnut Avenue • Towson, Maryland 21204

www.PickersgillRetirement.org(p) 410-825-7423 • (f) 410-821-6275

Non Profit Org

US

Postage

Paid

Towson, MD

Permit #6897