Beaver Island Rural Health Center Endowment Fund Update
In the summer of 2003 the Beaver Island Rural Health Center (BIRHC) Board came up with a long-term plan to replace lost annual operating funding from the State of Michigan. That funding had averaged $75,000 per year and was eliminated due to the budget crisis in Lansing. The plan to replace state revenue was based on the concept of an endowment fund developed years ago by Dr. Philip Lange, long-time president of the BIRHC Board and tireless advocate for the health center. Through consultation with the Charlevoix County Community Foundation, the BIRHC Board determined that if the BIRHC Endowment Fund’s balance could be increased to at least 1.5 million, it would generate enough income to fill the gap in revenue needed for operations.
After totally overhauling business operations and completing the new building, the BIRHC Board formally launched its drive to vastly increase its endowment in June of 2004.
Despite this very impressive start, the need to reach our target endowment of 1.5 million has become extremely urgent: Surplus building grant funds, which have been used to supplement operating expenses over the past few years are exhausted.
Donations of all sizes to the BIRHC Endowment fund are deeply appreciated. Donations of $10,000 and above will be prominently recognized in the handsome BIRHC Legacy Tree wall sculpture, which is located in the lobby of the new building. Custom inscriptions on BIRHC Legacy Tree leaves, acorns and boulders can permanently honor living and deceased friends and family members. Pledges can be paid over five years and fulfilled through the donation of certain securities as well as cash.
BIRHC endowment donors have the satisfaction of knowing that their gifts will “do good forever” by generating stable funding for high quality health care. The BIRHC board and staff are extremely grateful to all those who have donated to our endowment already.
We urge all those who have not to stop by and view the Legacy Tree and to contact: Connie Wojan, 231-448-2379 or the BIRHC office at 231- 448-2275 for further information on how to donate to the BIRHC Endowment Fund.
Checks, made payable to the “Charlevoix County Community Foundation,” with BIRHC Endowment on the memo line, can be sent to the Charlevoix County Community Foundation, P.O. Box 718, East Jordan, MI 49727. Contributions can also be made online at www.c3f.org.