#United States #Senior Living #Evanston #Mather Foundation #bond rating

Mather Foundation Achieves AA- Stable Outlook Rating

On July 16, 2025, the Mather Foundation, an esteemed not-for-profit organization that has dedicated 84 years to enhancing the aging experience, was awarded an upgraded bond rating from S&P Global Ratings. The organization's long-term bond rating ascended from an 'A+' stable outlook to an impressive 'AA-' stable overview, showcasing a remarkable achievement in its financial management and commitment to enhancing the lives of older adults.

The upgrade is attributed to several promising factors, including Mather's strong occupancy rates within its array of Life Plan Communities and a growing investment portfolio. Particularly noteworthy is the performance of The Mather in Tysons, Virginia, which opened its doors in 2024, successfully repaying its construction debts ahead of schedule, further highlighting the organization's financial acumen.

Mary Leary, the CEO and President of Mather, expressed her pride in receiving this notable elevation in creditworthiness. "Our jump to a AA- rating demonstrates that Mather is exceptionally positioned to meet our financial obligations while exhibiting low credit risk," she stated. "This upgrade is a testament to the relentless efforts, dedication, and commitment of Mather’s Board, leadership, and team members."

The recent S&P rating announcement outlined several key factors that contributed to this accomplishment:

• - High occupancy levels within Mather's Life Plan Communities, underscoring demand for its services.
• - Growth in the organization’s balance sheet resources, illustrating financial robustness.
• - Increased geographical diversification of Mather's senior living offerings, with a healthy demand highlighted by the successful launch and rapid occupancy of The Mather in Tysons.
• - Comprehensive enterprise risk management and cutting-edge cybersecurity initiatives.
• - A top-tier senior management team adept in expanding and managing senior living communities effectively.

The upgraded rating solidifies Mather's market position as it seeks to explore growth avenues across its entire business structure, including the development of additional senior living facilities. Mather operates with a clear focus on transforming the aging experience through innovative wellness programs and high-quality living environments for seniors.

About Mather Foundation

Based in Evanston, Illinois, Mather Foundation operates as a unique, non-denominational not-for-profit institution, established in 1941 by humanitarian Alonzo Mather. Mather is committed to reshaping societal perceptions of aging through its initiative 'Ways to Age WellSM'. This involves creating vibrant communities focused on personal wellness, fulfillment, and facilitating connections among older adults, not only in the Chicago metropolitan area but beyond.

Moreover, the Foundation is known for its innovative research through the Mather Institute, aimed at revolutionizing the senior living industry. Mather's acclaimed residences include Mather Place in Wilmette, Illinois, Splendido in Tucson, Arizona, and both The Mather in Evanston and Tysons, Virginia. The organization has garnered accolades from several platforms, including US News & World Report, Newsweek, and the Global Wellness Institute, recognizing its dedication to excellence in senior living.

For more information about Mather and its engaging programs designed for older adults, visit mather.com.