Community supports Windham Hospital Foundation
WILLIMANTIC, CT- November 20, 2008. The Windham Hospital Foundation announced that due to generous support from the community, it has exceeded its goal of $250,000 this year with a total of $259,331 being raised for the period October 1, 2007- September 30, 2008. This was truly an extraordinary accomplishment given the state of the economy. “Healthcare organizations, like other non-profit organizations, are seeing an increased need for their services as a result of these challenging economic times, and that is why this support is so greatly appreciated,” commented Mona Friedland, Executive Director of the Foundation. Grants and trust income to the Hospital added another $152,991 bringjng the total charitable funding to $412,322. “These funds will be used to assist individuals who are uninsured or underinsured and will provide advanced medical technology to patients in the region,” noted Friedland.
In other good news, President’s Circle membership, representing gifts of $1,000 or more, grew from 44 individuals in FY 2007 to 71 members in FY 2008. President’s Circle members are invited to special recognition events and lectures to keep them informed about services Windham Hospital provides in the community. For more information about ways to support Windham Hospital go to www.windhamhospital.org.
In other news affecting the non-profit sector, individuals over the age of 70 ½ may make charitable gifts from potentially taxable Individual Retirement Account (IRA) funds through December 2009. This provision of the Emergency Economic Stabilization Act of 2008 was an extension of a 2006 Act allowing rollover of IRA funds directly to qualified charities. Individuals should contact their financial advisors to determine if this provision can benefit them.