This may come as a surprise to you and your funeral cost. It is Not for profit Funeral Homes. I first ran into this as I was interviewing for my first job as a Funeral Director. The first not for profit funeral home I ran into was Valley Funeral Home in Appleton, Wisc.
This is from their website:
“This means that the profits that the funeral home makes are returned to the families we serve for that year in the form of stocks and dividends. (80% stock, 20% dividends.) Getting established this way was a challenge.”
Very interesting, returning cost to the client! You.
Another approach on the not for profit funeral home can happen because of dual funeral home registration. Some jewish funerals will be done this way where the cost savings goes immediately to the consumer. Quoting from the DailyRecord.com news article.
“The extra money goes back to the Jewish community, which is where it should be going,” Apter said. “We have no shareholders to answer to, no huge board of directors, just myself and Mark and our staff. If you look at the economic climate today … I saw this time after time — a family walks in, they’re handed a statement, and the cost is very high.”
Indeed different funeral guys operating out of the same facility may make it possible for the consumer to have lower funeral expenses. Kudos to these two funeral guys!
Blog by Your Funeral Guy
Be sure to let me know how you lowered the cost of a funeral.