The Pardee Hospital Foundation’s endowment supports the people, programs, and activities of Pardee Hospital in perpetuity. Due to the endowment’s growth through investment and charitable giving, the Foundation has provided funds for the recruitment and retention of excellent staff, for launching new programs and research efforts, and for supporting the wide range of important needs which make Pardee an exceptional hospital.
An endowed fund is a permanent, self-sustaining source of support. Each year, a portion of the value of the fund is paid out to support the fund’s purpose, and any earnings in excess of this distribution are used to build the fund’s market value. In this way, an endowment fund can grow and support its designated purpose in perpetuity. When you establish an endowment fund, you create a permanent legacy of support for Pardee.
Endowment Gift Types
General Endowment Gift
You can make a gift of any size to the Pardee Hospital Foundation’s general endowment fund. Every gift added to the general endowment provides more income for the Foundation to help the Hospital meet unexpected opportunities and needs. There may be an existing endowment that reflects your interests and to which you can add your support.
Named Endowment Gift
When you make a gift of $50,000 or more, you can set up a new fund within the Foundation’s portfolio. You can name the new fund for yourself, your family or another name of your choice. Your endowment Fund will be listed as “The (Name of your choice) Endowment Fund” in the Foundation’s Annual Report.
How to Give Endowment Gifts
Current Endowment Gift
You can give directly to the endowment fund by simply designating your current gift. You can also “endow” your current gift. If you are a member of our Generations of Excellence fund, for example, with an annual unrestricted gift of $1,000 and higher, you can give $25,000 to our Endowment Fund. Your $25,000 will generate a $1,000 increase in unrestricted endowment revenue.
Future Endowment Gift
A smart, simple way to give to our endowment fund is giving through your will. A gift in your will can be any size, but its impact will always be larger than life! A bequest is a statement you make, for posterity, expressing your care and concern for our community. It is a gift to your friends, your neighbors, your loved ones…the gift of lasting and available healthcare, when they need it, where they need it, and of the finest quality. A bequest is as easy as 1,2,3…yet it is so very meaningful.
You can start with us – we will walk you through your options and help you prepare.
A bequest should always:
1) State the Pardee Foundation’s legal title and physical address:
Pardee Memorial Hospital Foundation, inc.
561 Fleming St.
Hendersonville, NC 28739
2) Include the Pardee Foundation’s IRS number
(please contact us for the information)
3) Describe your gift:
You may choose to give a sum of money, a percentage of your estate, or other asset, if acceptable by the Foundation.
It is strongly recommended that you consult with your attorney or estate planner when considering an endowment gift. The Foundation staff has worked with many local attorneys and financial advisors to accomplish the intentions of our donors.
Contact us today to learn how you can help to ensure a bright future for Pardee Hospital.