What Is Endowment Care at Cemeteries?
When you’re making funeral arrangements with one of the cemeteries in South San Francisco, CA, you might hear the term endowment care get tossed around. You might also find out that you’re going to be charged an endowment fee when you bury a loved one in this cemetery. It might cause you some level of concern if you’re not familiar with what endowment care is. To help ease your mind, we’re going to provide you with a quick rundown of what endowment care is today. Discover more about it below.
What is endowment care?
Endowment care might sound like a scary term at first, but it’s actually a good thing for those families who will be burying their loved ones in a South San Francisco, CA memorial park cemetery. Endowment care refers to the state-mandated maintenance that must be done to a cemetery over time to keep it looking its best. This endowment care is paid for by a trust that is set up and funded by those who bury their loved ones in a cemetery. It’s in place to ensure that a cemetery continues to look great for many years to come.
What are the benefits of endowment care?
If endowment care wasn’t mandated by the state of California, some cemeteries might not spend as much time as they do maintaining their grounds. It could lead to cemeteries not looking their best once they were all filled up. Endowment care makes sure that this doesn’t happen. It provides the necessary funding for cemeteries to continue to maintain their grounds and make them look every bit as nice as they did when they were first set up. It makes the endowment fee that your family will pay well worth it.
What is an endowment fee?
An endowment fee is the fee that you will pay when you first bury a loved one in a cemetery. This fee will be tacked on to the rest of your burial charges so that you don’t have to worry about facing an entirely different expense when burying a loved one. A cemetery should let you know what their endowment fee will be when you’re working out the costs of burying a loved one on their grounds.
How much will endowment care cost?
The endowment care cost that you face will differ from one cemetery to the next in many cases. But more often than not, it’s going to be set at right around 10 percent of your loved one’s burial expenses. You will want to check to see exactly how much you’ll have to pay for endowment care when you’re making arrangements for your loved one. It’ll guarantee that you don’t get blindsided by an endowment fee when you least expect it.
Our South San Francisco, CA cemetery works very hard to keep our grounds looking great for all the families that trust us to bury their loved ones. We have an endowment care fund set up to cover the expenses associated with maintaining our cemetery. We would be happy to tell you more about endowment care if you still have questions about it. Contact us now for all your burial needs.