Foundation’s Farm Deal Helps Camp for Ill Children

A property deal with a foundation started by the founders of Carnation Milk will help a Washington State children’s charity improve its financial footing, reports The Seattle Times.

The Elbridge and Debra Stuart Family Foundation purchased the 818-acre farm property for an undisclosed sum from Camp Korey, a nonprofit facility that offers recreation programs for children battling serious illnesses. The foundation then gave the camp a 30-year lease with nominal rent.

Camp Korey bought the farm from Carnation’s parent company Nestle in 2008 for $20-million, but expenses related to the purchase were eating up 60 percent of its income, a charity spokeswoman said. Freed of mortgage obligations, the group will be able to expand its programs, which include free weeklong camp sessions and other activities.