Impact Report 2022: Your Gifts Matter
Charitable gifts help with a variety of needs—such as a new bed for Hayden.
“Annually, the current gifts and investment returns allow Mosaic to do things that would not otherwise happen.” – Scott Hoffman, Mosaic’s Chief Financial Officer
Hayden Newman needed a bed. When the 15-year-old moved in with a Mosaic at Home provider, he didn’t have a bed. Then, the local team got busy and used gift dollars to get him one.
Charitable gifts help with a variety of needs, including things such as specialized therapies and adaptive equipment that Medicaid doesn’t pay for and specific items that people may not be able to afford on their own. Examples include new beds like Hayden’s, household items, clothing, shoes and winter coats. The list of needs is often longer for people who come to Mosaic in an emergency placement. Gifts also help with the extras, such as tickets for entertainment outside of their day-to-day activities like a sporting event, concert or movie.
The impacts of these gifts for those that Mosaic supports is often life-changing. The gifts also impact the success of the organization.
According to Scott Hoffman, Mosaic’s Chief Financial Officer, if gifts were taken out of the equation, in most years, the organization would only have broken even or possibly had a small deficit.
Mosaic is 99% funded by Medicaid and other government sources, but that funding will never be enough for people to have everything they need. Plus, it relies on the decisions of politicians—which often means flat funding or, sometimes, reductions in funding.
“Even flat funding is a reduction because of inflation,” Hoffman said. “Historically, the financial performance of the organization has relied heavily on fundraising efforts and investment returns, most of which are from The Mosaic Foundation. Annually, the current gifts and investment returns allow Mosaic to do things that would not otherwise happen.”
Hoffman said the gifts, grants and estates allow Mosaic to invest in the future, such as through new technology, quality improvements that increase personalized services and expanding the mission to serve more people. Financial stability also allows Mosaic to remain an independent, faith-based, nonprofit organization.