“We will still have a memorial fund and other fundraisers such as cookbook sales for the auxiliary, but the foundation looks for larger donations such as corporate sponsorships, gifts, estate planning, wills, contributions of stocks, bonds, uniform tax credits and various trusts,” said Dunn.
Dunn said that the foundation has not begun fundraising efforts yet. “We have several projects we are considering raising funds for. Right now, we have selected a board of directors, adopted bylaws and have been approved for tax-free status. At our meeting, we discussed various levels of giving and different ways to honor donors. We are looking at projects to tackle for the benefit of the hospital and community.
The foundation board includes Dunn as president, Hal Hopson, Yvonne Clayton, Penny Jones, Alan Watts, and ex-officio members Lisa Coleman, Audra Hodges and John Mark Vinson.
Dunn said that the foundation had several goals in mind, including hospital renovations. Asked about the replacing the 50-year-old building, she said, “It could well be one of our goals in the future.”
The foundation may invest donated monies to increase total funds. “Right now, the foundation has six members and myself as the chairperson. We all have ideas but need money to do it. I foresee having a paid staff for the foundation including a professional financial advisor to manage and invest our money.”
Find details about the Hospital Foundation in your Cadiz Record.