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WORKING
TOGETHER FOR THE FUTURE
WELCOME
to the West River Health Services Foundation (WRHSF). The foundation
was
incorporated in 1984 to serve as a source of
contributed funds for West River Health
Services and
health clinics. The foundation is governed by a volunteer board
of directors and is a registered 501 © (3) U.S. charitable organization
and licensed by the state of North Dakota.
OUR
MISSION
To
support West River Health Services as it provides comprehensive
health and wellness services to the region by providing fundraising
and development services.
OUR GOALS
The foundation was established to raise funds for new equipment
and technology; develop new health related programs and services;
support community wellness education; provide scholarships and
loans for nursing, allied healthcare professionals and physicians
to meet the continuing changes in healthcare reform. To reach these
goals, an endowment fund was established. The long-term welfare
of rural, community owned hospitals depends on financial endowment.
The endowment fund will be used as a permanent funding source for
West River Health Services (WRHS) to carry out its vision of ensuring
quality health services and up to date technology.
“We
make a living by what we get, but we make a life by
what we
give.”
---
Winston
Churchill ---
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WAYS
TO GIVE
You can help
support WRHS with a one-time gift, annual gift, and planned gift
or by making a pledge over time. Gifts may be in the form of
cash, stock, real estate, livestock, grain, life insurance, charitable
trusts and gift annuities, or you may want to include the foundation
in your estate plan by making a bequest in your will.
All gifts
may be restricted by the donor for a specific purpose or given
as an unrestricted donation for the general endowment
fund. Donations can be made at anytime and anonymous gifts are
always welcome.
GIFTS OF CASH
Gifts of cash are the most commonly used to make charitable gifts.
Tax benefits are available when you itemize deductions on your
tax return.
GIFTS OF APPREICATED ASSETS
Gifts of appreciated assets such as securities, real estate, or
other property that has increased in value, may provide you with
an income tax deduction for the full value of the asset and save
on capital gains and state taxes.
PLANNED
GIVING
“Planned
Giving” offers a wide variety of giving methods that allow
you to give to WRHS during your lifetime and/or after your death,
while meeting your current income needs and providing for your
heirs. Planned Gifts are popular because they can provide valuable
tax benefits and/or income for life and are a viable option for
donors of all income levels.
Potential benefits of planned gifts
- Increase current income for the donor or others
- Reduce
the donor’s
income tax
- Avoid capital gains tax
- Pass assets to family at a reduced tax cost
- Make significant donations to charity
TYPES OF PLANNED GIFTS
Charitable
Remainder Trusts
This
trust makes payments, either a fixed amount or a percentage
of trust principal, to whomever the donor chooses to receive income.
At the end of the trust term, WRHS receives whatever amount is
left in the trust.
Charitable
Lead Trusts
This
trust makes payments to WRHS during its term. At the end of
the trust term, the principal can go either back to the donor
or to heirs named by the donor.
Charitable
Gift Annuities
A
charitable gift annuity is a simple contract between a donor
and WRHSF.
In exchange for an irrevocable gift of cash, securities, or other
assets, WRHSF agrees to pay one or two annuitants a fixed sum each
year for life. The donor also receives an income tax deduction.
The older the annuitants are at the time of the gift, the greater
the fixed income WRHS can agree to pay. Payments may be made in
annual, semiannual, quarterly or monthly installments.
Charitable
Life Estate Agreements
A
donor may wish to consider deeding a home or farm to
WRHS now but retain the right to live there for life. The donor
can receive favorable tax benefits for such a gift.
Charitable
Bequests
Giving
through your will or living trust can be a convenient way to leave
a lasting legacy. After providing for your loved ones, you may wish
to give something to WRHS. A bequest can usually be arranged with
the simple addition of a codicil (amendment) to your existing will.
Types of Bequests
- General
Bequest:
A
specified dollar amount.
- Specific
Bequest:
Designate
specified assets, such as securities or other property.
- Residuary
Bequest:
Assign
all or a certain percentage of your estate’s remainder
value after all expenses and all other bequests have been paid.
This form of bequest ensures that each remainder beneficiary receives
a constant proportion even though changes may occur in the size
of the estate.
- Contingent
Bequest:
Property
is distributed to WRHS only if the named beneficiary is deceased.
ANNUAL
GIVING
Partners in Health
This annual membership giving club helps build a constituency that
provides a cornerstone of annual financial support for West River
Health Services and promotes meaningful and lasting relationships
between our organization and its friends.
Partners
in Health will produce a reliable source of revenue that will
strengthen West River Health Services financial resources.
These gifts will be used to support current equipment, facility
and program needs.
Membership Eligibility
The core level of membership is based upon single or multiple gifts
totaling $100 or more given within a single year. Other giving
levels are in place for those who contribute $250 or more. Each
year these gifts make an immediate and important difference in
patients’ lives.
LIST
OF FUNDS
General Endowment Fund
Contributions are invested as a permanent funding source of West
River Health Services. The interest income generated from investments
is used to support our programs and services.
In Tribute Program
Gifts may be given as a memorial to an individual or to honor
an individual on birthdays, anniversaries, or other special
occasions. These gifts may be restricted by the donor for
a specific purpose
or to the General Endowment Fund.
Academic
Loan Fund
Designed to help offset a substantial portion of education
costs for Allied Health Professionals and Mid-Level Practitioners
in
exchange for a commitment of professional practice in our
regional health care system
Scholarship Fund
Provides assistance for Allied Health Professionals and Mid-Level
Practitioners with college/university funding prior to the
final two years of professional study.
Good Neighbor Project
Provides funds for an alternative means of covering health
care costs for people in need. It also helps reduce out-migration
from the region and ensures the long-term survival of our
communities.
Partners in Health
This annual membership-giving club provides financial support
and helps finance the current needs of equipment and programs
that are not available through other sources of funding
Lifeline Fund
Provides personal emergency response service for residents,
helps subsidize rental fees for those in need and helps defray
the costs of purchasing new lifeline units.
Ambulance Fund
Used to upgrade equipment, train technicians and teach emergency
management services to emergency management teams across
our regional service area.
Contributions
are recognized in our donor recognition program to thank and
honor our many friends for their continuing
support. The “Donor Wall of Honor”, displays the names of
individuals, families, businesses and organizations whose cumulative
giving to WRHS has reached $1,000 or more. In our “Heritage
Book of Honor”, all donors are permanently inscribed,
regardless of their level of support.
Our Board of Directors and Staff
Board
of Directors
Rev. Richard Mayforth, Chairman
Betty Svihovec, Vice Chairman
Larry Jackson, Secretary/Treasurer
Mike Clayton
Gary Dewhirst
Roger Goodfellow
Dr. John Kludt
Dennis Rustan
John Scherbenske
Mahlon Schweigert
Norman Smith |
Staff
Allen McIntyre, Fund Development Officer
Cindy Del Olson, Foundation Assistant
Bev Strand, Foundation Clerk
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FOR MORE INFORMATION
CONTACT:
West River Health Services Foundation
1000 Highway 12
Hettinger, North Dakota 58639-7530
Email: alm@wrhs.com
Phone: 701-567-6187
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