About WPSHC Foundation
Our Vision: To provide extraordinary support for health care in cottage county.
Working together with health care professionals, patients, our community and
government, The West Parry Sound Health Centre Foundation’s goal is to continually
raise funds to support the on-going medical needs of the people who choose to
live and cottage here.
Serving a population that fluctuates from 20,000
upwards to 121,000 during the peak summer season in Georgian Bay, the West
Parry Sound Health Centre’s services are diverse. The unique bundle of
programs offered would not be possible without the generous support, commitment
and dedication of our community.
Our three main lines of business at the West Parry Sound Health Centre
Foundation are: Fundraising, Investment Management
To raise and steward funds to deliver exemplary patient care to a community that comes to us from across North America and beyond.
- Passion for Care
To meet the current equipment needs of the Health Centre, the Foundation’s
goal is to raise $1 million in gross fundraising revenue by March 31, 2015 (end
of the 2014/2015 year). In 2013/14 the Foundation successfully exceeded
its $1.0 million target with gross revenues of $1.5 million.
Currently, the Foundation holds $2.3 million in its endowed fund (as of the end
of the 2013/2014 year). Our goal is to hold $10,000,000 in endowed funds
by the year 2020. All estates received by the Foundation are transferred
into our Forever Fund (endowed fund). Interest/dividends
from the invested capital on this fund annually buys equipment on the medical
priority list. The Foundation could not
meet the Health Centre’s needs without this regular income.
Money Transferred to the Health Centre
The Foundation’s goal is to transfer $1.5 million of new funds to the Health
Centre buying $1,115,000 of priority equipment for this fiscal year (ends March 31, 2015) with remainder attributed to purchases targeted for the previous year. As of end of March
2014 the Foundation transferred $940,000 to the Health Centre. For details on transfers please read our
Donor Impact section.
To achieve a competitive rate of return in the General and Restricted fund given the short-term nature of our payment commitment.
To honour our Donors and direct their donations to providing extraordinary health care in cottage country.