Where The Money Goes

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, it 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 is used for whatever capital budget items (equipment or projects) are most needed by the Hospital.  The remaining 25% is added to the Foundation’s long-term investments, which now total about $13 million. Each year we use a very small percentage of those invested funds to cover the Foundation’s own operating expenses.

 Bequests and other “planned gifts” are also added to our long-term investments, which now total about $13 million.  In recent years we have  used the Foundation’s invested funds to collateralize sizeable projects - including renovations at EJ Noble, and the purchase, renovation, and addition to the former St. Mary’s School in Potsdam.  Invested prudently, and managed carefully, our investment funds are providing substantial, consistent, and permanent funds to the Hospital, without ever becoming depleted. 

What does quality healthcare mean to you?

To most patients and their families, it means adherence to the most rigorous, medically and scientifically verified standards available. We measure our processes against these standards, and we are dedicated to continuous improvement.

Recent News/Events
Gina's Gift Delivers 2000th Book to the Birthplace at CPH
Gina's Gift Delivers 2000th Book to the Birthplace at CPH
March 2, 2018
Learn MoreAll News/Events
Canton-Potsdam Hospital
50 Leroy Street, Potsdam, New York 13676
ph: 315-265-3300

The information on this web site is provided as a service by Canton-Potsdam Hospital for educational purposes only. It is not a substitute for medical care, and medical advice and services are not being offered. If you have, or suspect you have, a health problem, you should consult your physician.

Health information on this website is intended as an informational and educational service. Provision of this information and educational service neither implies nor guarantees that a treatment, procedure, or healthcare service necessarily will be provided in whole or in part. Services are provided by Canton-Potsdam Hospital at its sole discretion consistent with the highest quality standards including but not limited to safety. For more information about whether a specific service or procedure is offered and/or is right for you, consult your care practitioner.

Canton-Potsdam Hospital does not discriminate on the basis of race, ethnicity, gender, sexual orientation, disability or age in admission or access to, or treatment or employment in, its programs, services and activities. You may file a complaint to: Department of Health and Human Services, Office for Civil Rights, 26 Federal Plaza - Suite 3312, New York, NY 10278, 212-264-3313, 212-264-2355 (TDD)

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