The essential idea of Endowment
Endowments create stable funding sources for our hospital facility. The funds provide a baseline of support and help us look to the future with greater confidence. They also inspire others to become involved in supporting our health care mission.
Like blocks of granite, endowment funds last and last. Generations from now, hospital leadership and staff—and the people they serve—will benefit from your foresight and generosity. In a sense, your endowment gift etches your name in stone and conveys your values for years to come. Unlike annual funds, which are used in the short term, endowment funds are held forever. The Foundation invests endowment funds for long-term stability and growth, and each year makes a portion of any earnings available to support the purposes of the endowment.
How to Establish an Endowment?
To create an endowment at MPUH, you may give a lump sum or over a period of time. By establishing an endowment, you also will provide a new giving opportunity for those who share your passion for the mission of the endowment. We welcome the opportunity to assist you in considering whether this type of gift is a satisfying way for you to fulfill your philanthropic intentions.
Invest in the Future – Leave Your Legacy
While all gifts to MPUH contribute to the high quality of care we provide, endowments are particularly meaningful as they offer a dependable, perpetual source of funding. The investment made in MPUH with the creation of an endowment provides the type of support that makes a real difference in the lives of our patients and their families. Endowed gifts enable MPUH to continue its mission to provide excellent healthcare to our community every day.
How Endowments Work
Endowed funds differ from others in that the total amount of the gift is invested. Each year, only a portion of the income earned is spent while the remainder is added to the principal for growth. In this respect, an endowment is a perpetual gift. Following is an example of endowment gift.
- The wife of a former patient makes a Rs. 10 lacs gift to establish a named endowed fund in memory of her husband.
- A gift agreement is drawn up between MPUH and the donor to guarantee that her gift will be added to the investment fund and used solely for its stated purpose.
- A predetermined portion of the income earned is used to provide a steady stream of income as per the gift agreement instructions. The fund’s principal remains intact.
- The remainder of the income earned is reinvested in the named fund’s principal as a hedge against inflation and to generate growth.
- The named fund continues to grow to ensure future support.
SUPPORT YOUR PASSION, HONOR SOMEONE YOU LOVE
One of the advantages of creating an endowment is the freedom to choose how your investment will support MPUH Hospital. Endowments inherently bring about a profound impact because of their longevity. The perpetuity of your gift will help sustain MPUH mission.
Endowments are an excellent way to permanently honor your family, a loved one or a provider who has cared for you and your family. Once you have created an endowment, your gift becomes part of MPUH heritage and tradition.
Please call the Development Office at (contact no.) for further information and criteria.