Where The Money Goes

We do not use contributions to cover the hospital's day-to-day operating expenses.

If a donor places restrictions on their gift, for specific departments or services within the Hospital, all of that money goes directly to the Hospital for budget items that fit the donor restrictions - like new equipment, technology, or physical renovations.

If a donor makes an "unrestricted" gift, 75% of the gift goes to the Hospital for whatever capital budget items are most needed. The remaining 25% is added to the Foundation's long-term investments. This ensures that our investments continue to grow over the long-term, even though each year we use a small percentage of our invested funds to cover the Foundation's own operating expenses.

Bequests and other "planned gifts" are added to our long-term investments, which now total more than $10 million. Invested prudently, our investment funds can provide substantial, consistent, and permanent funds to the Hospital, without ever becoming depleted. And they can provide a "safety net" to help our Hospital handle unexpected downturns. In recent years we have also used the Foundation's invested funds to collateralize sizeable projects including renovations at EJ Noble, and the purchase and renovation of the former St. Mary's School in Potsdam.