About

Fact Sheet:

  • Reid Hospital & Health Care Services Foundation, Inc, d.b.a. Reid Health Foundation was incorporated as a 501 (c)(3) not-for-profit organization in 1975.
  • The Foundation was organized solely to support the activities of Reid Health.
  • The Foundation derives its support and revenue from individual and corporate contributions and investments.
  • On average, Reid Foundation receipts 3,000 gifts annually, responding to each donor with a personalized thank you letter.
  • In its 41 years of existence, Reid Health Foundation’s activity has included (approximate figures):
    • Individual gifts received 83,937
    • Total contributions $26.48 million
    • Total grants to Reid Health $61.51 million
  • Current Foundation assets have grown by investment to approximately $28.4 million.
  • In 2005 the Foundation launched a capital campaign to raise money in support of the New Reid. The campaign generated $6.8 million in gifts and pledges.
  • The Foundation particularly cultivates and welcomes planned gifts, including:
    • Bequests
    • Irrevocable Testamentary Pledges
    • 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) nineteen member Board of Directors and a 4.0 FTE staff.