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 21,000
upwards to 121,000 during the peak summer season in the Parry Sound area, 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
the current equipment needs of the Health Centre, the Foundation’s goal is to
raise $1.6 million in fundraising revenue by March 31, 2017 (end of the 2016/2017
year). In 2015/16 the Foundation grossed $2 million with $1.5 million
committed to the Health Centre for priority needs. With a severe roof leak in our Operating
Room, the Foundation added a further $70,000 to be transferred to the Health
Centre for a commitment of $1.6 million in 2015/16.
Currently, the Foundation holds $2.6 million in its endowed fund (as of the end
of the 2015/2016 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.
Transferred to the Health Centre
2016 the Foundation is buying $600,000 worth of needed equipment with a goal of
saving $1,000,000. The million will be a
deposit on $10,000,000 Electronic Health Records (EHR) which the Health Centre
plans to begin installing in 2017.
Currently of the 158 hospitals in Ontario only 8 function without EHR. Sadly, we’re one of them. Fixing that will take extraordinary donor
details on transfers please read our Donor Impact section.
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.