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Frequently Asked Questions (FAQ):
Why does Wellmont Foundation need philanthropic support? Why does Wellmont Foundation need philanthropic support?In all of the challenges of today’s healthcare environment, giving is more essential than ever to provide an increased margin for excellence. From the rapid pace of technology to decreases in reimbursements, from government and insurance to the nursing shortage, our challenges are many. Health care operating margins are small, hospital needs are many, and donated funds enjoy the benefit of not having to be earned through the provision of expensive services. Your support allows our hospitals to think in terms of possibilities rather than limitations. Your support empowers our devoted, energetic, and capable healthcare providers to achieve new heights of service excellence. Your support equips our doctors, nurses, and technicians to meet very real needs that can make the ultimate difference in a patient’s life, perhaps even yours or someone you love. There are two key questions we must all ask ourselves: What does it take to have the best healthcare possible and what can I do to help? Our hospitals are making strides to be the best in the nation and we can certainly feel good about all the progress that has been made. You can have confidence in those who lead and serve our hospitals, knowing they are focused on meeting the needs of patients and families as their highest priority. We can take pride in our personal investments because they result in saved lives and renewed hope every day. May I specify how I want Wellmont Foundation to use my gift?Absolutely! You may specify your gift designation when making a gift using our Online Donation Form or by using the printable donation form. You also may consult our development staff to help determine the best "match" between your charitable and financial goals and our hospitals needs. Send us an e-mail or call (423) 230-8550. May I give anonymously?Yes. We honor requests for anonymity. Please state your wishes in writing and/or contact one of our development staff. Contact Us. What makes Wellmont Foundation a good investment for my gift?Every investment in your hospital truly comes back to you and to your community. At Wellmont Foundation, your entire gift goes to support advances in healthcare in the hospital or program of your choice because our fundraising costs are covered by an endowment that was established over the years. Will my gift really make a difference?Healthcare is expensive and our budgets are large. But, in today’s healthcare environment every dollar spent results in only two to five cents that can be reinvested in making our hospitals better. On the other hand, your gift has a tremendous impact—especially when it is combined with support from hundreds of others in our community. Is Wellmont Foundation a not-for-profit organization?Yes. Wellmont Foundation is a 501 (c)(3) charitable organization. (Federal Tax ID#58-1594191). Contributions are tax-deductible to the full extent of the law. We are eligible to receive matching gifts from corporations and organizations. Who governs Wellmont Foundation?Wellmont Foundation oversight is provided by a volunteer Board of Governors who meets throughout the year. The board members are not compensated for their participation on the board. To see a complete list of Governors, click here: Board of Governors What is the role of planned giving at Wellmont Foundation?Planned giving is an important tool to consider for meeting your personal and philanthropic goals. There are three basic types of planned gifts:
Planned gifts can help:
To learn more about making contributions through estate planning, please visit our informative Planned Giving Information pages. Please note that for this link, Wellmont Foundation has contracted with Stelter Inc., a private vendor, to provide the most accurate and up-to-date information for prospective benefactors. How do I include Wellmont Foundation in my will?Including Wellmont Foundation in your will is a very simple process. You may use your will to benefit the hospital or medical area of your choice by instructing that the Foundation receive a specific amount, a percentage of your estate, or a remainder amount. By making the Foundation aware of your plans, we are able to fully understand your wishes. Please consult your attorney and financial advisors as appropriate. For sample language please visit the Wills section of our Planned Giving page. |
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