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The Wellmont Foundation Campaign
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Overview - A New Philanthropic Imperative
Overview - A New Philanthropic Imperative
Wellmont Foundation has announced a far reaching campaign initiative aimed at bringing a new “philanthropic imperative” to meet regional healthcare needs within Wellmont hospitals. The message of the campaign is as important as the project list to position regional healthcare to meet the challenges that lie ahead. Rising costs, decreasing reimbursements, regional and national demographic trends, and increasing levels of charity care are making it more difficult for all health systems to invest in innovation and new programming. Health systems will become more and more reliant on giving to support their visions for the future. In fact, 70% of hospitals in Tennessee will lose money on operations this year—pointing to the urgency of community support.
As this new paradigm for philanthropic partnership takes root, we believe that stories of national significance will emerge from this region that will re-shape the way we all think about healthcare as our most vital community asset. There is a place in this campaign for very large transformational gifts as well as smaller levels of grassroots support, where many gifts work together to make a difference. More than any other non-profit cause, healthcare touches everyone in our community both by meeting medical needs and through its deep economic impact.
Strategic Initiatives
Our emphasis is in partnering with donors to address the following areas:
- Combating the leading causes of death in our region—these include heart disease, cancer, and traumatic injury
- Strengthening children’s healthcare as the only regional affiliate of Children’s Miracle Network
- Addressing the nursing and physician shortage
- Achieving capital improvements and acquiring new medical technology
Within the broad list of strategic funding concepts for the foundation, priorities will be driven by donor interest and the level of investment that is brought to particular initiatives.
Campaign Goals
We believe that at least $25 million will be given during the next five years. With the kinds of legacy building naming opportunities in our vision, and the strong support of people in our region, we believe that $50 million or even $100 million may be possible in the next decade—especially when current gifts and planned or estate gifts are included.
View Video Presentations
Community: Improving Your Health Care