Every year, in accordance with its payout policy, the Foundation distributes hundreds of thousands of dollars to CRMC for expenditures that include projects and building/equipment purchases and other patient care programming and improvements.
Give to an existing endowment
When people give a gift to the Cheyenne Regional Medical Center, they often give to an existing endowment, as opposed to the funds going directly toward immediate needs. An endowment is a wonderful way to extend the life of a gift. Endowments are conduits that allow yesterday’s grateful patients, families, and community members to help the patients of today and tomorrow. Endowments provide a firm foundation of assets that are held in perpetuity—the interest on the fund creates a steady stream of funding for the purposes chosen by the donor. This reliable, growing income allows the Foundation to help our system to improve patient care in a number of positive ways each year.
Create an endowment fund
When you create an endowed fund, the donation is used to purchase shares—much like mutual funds—in the endowment pool. Adding these funds to the endowment pool broadens investment possibilities a great deal more more than if each endowment were invested individually. However, accounting is done separately for each fund—and based upon the number of owned shares in the pool, income is distributed after an initial one-year waiting period. Earnings above the amount of distributions are added to the corpus, enabling the principal balance to continue to grow—and providing a hedge against inflation.
