User talk:Slindow

MISSION, OBJECTIVES AND GOALS OF SALINAS VALLEY MEMORIAL HOSPITAL FOUNDATION

Purpose: The Memorial Hospital Foundation's main purpose is to raise money for the Hospital to purchase new equipment and provide funds to assist in building projects of the Hospital. Because it is a 501(c)(3) non-profit organization, the Foundation accepts contributions for which a donor receives a tax deduction. Foundation Structure/Relationship with Salinas Valley Memorial Hospital: The Hospital Foundation is made up of a 34 member volunteer Board of Governors who serve for a definite period of time. Most of the work of the Foundation is done in twelve different committees which meet regularly. The full Board of Governors meets every quarter, and recommendations for specific actions from committees are submitted for approval at that meeting. Because the Hospital is a district hospital and receives a modest amount of tax support (1% of budget), the Foundation is separately incorporated in order to insure the deductibility of donors' contributions.

History: In the beginning, the Foundation was a Declaration of Trust created in 1972 to receive contributions for the Salinas Valley Memorial Fund of the Hospital District. The Fund's activities were directed by a 12 member Administrative Committee. In 1976, the Hospital Board of Directors changed the name to "The Trust Fund for Salinas Valley Memorial Hospital."

Fund Raising: Over 90% of the funds given to the Hospital by the Foundation are from memorial or tribute gifts. Since its inception, the Foundation has received over $12 million in contributions.

The first special event ever held by the Foundation to raise money--the "Royal Feast in the Fields" was held in October of 1989. This event raised $41,279 for the Single Room Maternity Care Program. Since the first 1990 "Los Paseos de los Rancheros," a trail ride co-sponsored with the Monterey County Cattlemen's Association, and the first "Las Estrellas del Valle," in 1991, both trail rides have raised over $1 million in funds.

The Cherry's Jubilee event was launched in 1993. Held at Laguna Seca this car show and festival is designed for family entertainment. Net revenues of over $1,000,000 have been raised for hospital and patient needs.

Specialized letters of appeal are sent to current supporters, as well as to targeted groups of prospective donors. The Salinas Valley Memorial Hospital employee pledge appeal for payroll deduction, "Help Us Grow" (HUG) annually support current projects of the Hospital Foundation.

In 1995, after study by representatives from both the Hospital and Foundation Boards, the first endowment fund was established by the Hospital Foundation. Currently we have four established endowment funds and the Planned Giving Committee is working on gathering information on future possibilities.

Slindow (talk) 20:59, 6 December 2010 (UTC)