About the Reid Foundation
Fast facts
- Reid Hospital & Health Care Services Foundation, Inc., was incorporated as a not-for-profit organization in January, 1975.
- The Foundation was organized solely to support the activities of Reid Hospital & Health Care Services.
- The Foundation derives its support and revenue from individual and corporate gifts and investments.
- The Foundation currently receipts 1,600 gifts annually, responding to each donor with a personalized 'thank you'.
- In its 33 years, the Reid Hospital Foundation has logged approximately:
- 60,683 individual gifts
- $19.85 million total contributions
- Total grants (for equipment & services) - $10.2 million
- Grants to support the New Reid Hospital - $ 46.0 million (December 2002)
- Funds not transferred have grown by investment into an unrestricted fund balance of approximately $17.8 million.
- The Foundation welcomes planned gifts, including:
- Bequests
- Charitable-Remainder Trusts
- Charitable Gift Annuities
- Gifts of Life Insurance
- Characteristics of Planned Gifts benefiting Reid:
- Have sometimes come from truly affluent persons, but quite a number of Reid's most generous supporters do not see themselves as wealthy.
- Have involved a broad spectrum of area attorneys, accountants, financial planners and trust officers in the planning and drafting process.
- Operates with a broadly representative 26-member Board of Directors and a four-person staff .
