In one year, the value of the Clarissa C. Cook Hospice House endowment fund has nearly doubled thanks to the efforts of a steering committee comprised of community leaders including chairpersons Mark Bawden, Greg Bush, Margo Hancock and Debby Stafford.
In January 2015, the total endowment was $3,059,581. The steering committee launched a fund development effort to secure gifts of $25,000 to $1 million with a goal of raising at least $3 million in new commitments.
Proceeds from the endowment, coupled with memorial gifts, would then be available to support the Hospice House operations and growth, provide charity care, offer unreimbursed therapies to patients and provide staff education and development.
By December 2015, the value of the endowment was just under $5 million with expected donations of another $1 million. An announcement of this achievement took place at the Clarissa C. Cook Hospice House Tea on Saturday, April 2.
"Every gift has been cause for celebration," says Missy Gowey, executive director of the Genesis Foundation. "We're especially grateful to the Clarissa C. Cook Home Board of Directors for launching our effort with a $1.172 million contribution at last year's High Tea, and to the GMC Davenport Auxiliary for helping us end the year with an exciting challenge grant."
To date, more than $400,000 in deferred gifts—through wills and estates—has been committed to the endowment. Steve Goebel, senior planned giving officer, works closely with donors to create these legacy plans.
"Those who are grateful for the care provided to patients and families at the Hospice House are encouraged to contribute to the endowment effort,” says Goebel. “They might consider making a bequest or other deferred gift of their own, or making an outright gift or pledge of up to five years to replace deferred commitments made by others. This will allow us to achieve the $3 million goal in outright gifts."