Funding Tomorrow's Health Care, Today
The spirit of giving is evident at Grundy County Memorial Hospital (GCMH). The hospital you experience today as a patient or visitor is a result of the gifts of hundreds of individuals, families, businesses, and organizations who place a priority on quality health care, close-to-home. Their gifts are channeled through the GCMH Foundation, which is made up of a dedicated group of leaders from the communities served by the hospital.
The GCMH Foundation has played a key role in the success of the Grundy County Memorial Hospital for almost twenty-five years. In the 1990s, the Foundation worked to raise funds for physician recruitment, health care scholarships, and equipment updates. When a hospital facility upgrade was a critical need in 2003, the Foundation launched its first Touch a Life campaign to support the modernization and expansion effort. A second Touch a Life campaign helped finance the new Inpatient, Surgery, and Emergency departments that were completed in 2010-2011. A 2016-2017 campaign raised $600,000 to help fund a hospital renovation and Specialty Clinic expansion. Since its beginning, the Foundation has raised more than $3 million to support the hospital's health care initiatives.
Each year a variety of Ways to Give are available - from supporting the hospital's Annual Campaign, to considering a Planned Gift, or attending a Foundation event.
Annual giving campaigns provide the hospital with the means to maintain state-of-the-art medical technology, refresh older areas of the facility that need a makeover, and support scholarships for young people entering health care careers. Gifts that support the Annual Campaign come from business sponsors, families and individuals, GCMH employees, memorials, and volunteers; and through memorial gifts and grants. Two events are held annually to benefit the Annual Campaign: the Gala & Auction and the Fall Fling Style Show & Luncheon.
2017 Foundation Annual Report
There are as many different ways to support Grundy County Memorial Hospital as there are needs to be supported. Potential benefactors of the Grundy County Memorial Hospital Foundation will want to consider a number of methods of supporting the Foundation financially. Charitable gift planning can be accomplished in many ways - you may want to begin by contacting the Foundation's Development Manager for a discussion of hospital needs, and together with your financial advisor or attorney, consider how your estate plan can benefit Grundy County Memorial Hospital Foundation.
Types of planned gifts include:
- Bequests - through a will or other form of estate plan, a deferred gift can provide a gift beyond what current means allows.
- Beneficiary - designating the Foundation as a beneficiary of a retirement plan, life insurance, an annuity, or a will is a way to allow your gift to extend beyond your lifetime.
- Charitable Trust - various trusts can be used to provide value to you donor and provide a gift to the Foundation.
- Property - this can include a gift of securities, insurance policies, and real estate. In a rural community, there is the potential to include the hospital Foundation as the beneficiary of farmland. Also, stocks, bonds and mutual funds can be donated, often with positive tax consequences for your estate.
As a 501(c) non-profit organization, gifts to the Grundy County Memorial Hospital Foundation are tax deductible to the fullest extent of the law. Specific tax benefits can be discussed in more detail with your attorney or tax advisor.
Each donor is recognized for his or her gift with a thank you, a listing in the Foundation's Annual Report, which is mailed in mid-November annually, and a permanent spot on the Donor Wall for accrued gifts totaling $1,000 or more.
Naming rights for single gifts of $10,000 and above are available to recognize a donor's outstanding generosity with a room, treatment area, wing, clinic, or other area of the hospital carrying the donor's name.
Planned gifts are also recognized as part of the Foundation's Legacy Partners program, for which a separate recognition wall is planned in conjunction with the hospital's History display.
Ways to Give
All gifts are deeply appreciated and significant. You may mail your donation to: Grundy County Memorial Hospital Foundation, 201 East J Avenue, Grundy Center IA 50638.