- 29 - The administrative record shows that Keswick discounts the cost of its daycare program for certain needy individuals. Keswick refers to these discounts as "grants", and it refers to this grant program as "charity care". For example, in 1999, Keswick offered discounts of 25, 40, 50, and 60 percent of the full charge of the program, $60 per day. Thus, in 1999, the value of the "grant" or discount of Keswick's charge to each recipient ranged from $15 to $36 per day. During that year, 5 participants received a 25-percent grant, 12 received a 40- percent grant, 7 received a 50-percent grant, and 7 received a 60-percent grant, for a total of 31 grant recipients. On an annual basis, the value of the "grant" extended to one recipient in each "grant" category would be $38,325, and the value of the "grant" for all 31 recipients would be $301,125, as shown below: 1999 Type of "grant" No. of Daily "grant" per Annual "grant" Annual "grants" percent recipients recipient (at $60) per recipient for all recipients 25 5 $15 $5,475 $27,375 40 12 24 8,760 105,120 50 7 30 10,950 76,650 60 7 36 13,140 91,980 Total 31 38,325 301,125Page: Previous 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Next
Last modified: May 25, 2011