The entire Founder's Fee must be paid before the resident enters the facility. A resident may withdraw from Fairhaven at any time by giving a 90 day notice. The resident who withdraws is entitled to a refund of the Founder's Fee. This refund amount will be the Founder's Fee less ten percent of the full amount for each of the years, or fraction thereof, the resident was at Fairhaven. This loan is refundable to the resident or the resident's estate within 90 days after the apartment is vacated.
Interest is paid semi-annually.
A donor annuity may be negotiated with Fairhaven Corporation in lieu of the Required Loan. Please see the Executive Director for details. Meals Apartment residents do not have to take meals at Fairhaven unless they desire to do so. They may take their meals in the Fairhaven dining room or they may prepare them in their apartment. Breakfast and suppers feature a buffet menu where menu items are priced ala carte.