The Crouse Health Foundation’s Endowment Allocation Committee recently made its annual distribution of investment income in support of Crouse Hospital programs and health initiatives and the enhancement of its facilities and equipment. According to Carrie Berse, president of the Foundation, the Foundation Board of Trustees this year allocated $800,000 in investment income earned by the endowment fund in 2008. “Although market conditions were challenging last year, a diversified portfolio and an investment philosophy that is long-term in nature allowed the Foundation to make a significant disbursement to Crouse Hospital for 2009.”
The Crouse Health Foundation Endowment Fund was established in 1983 through a $5 million community fund-drive, and today has a market value of $16 million. The principal of the fund remains untouched, while a portion of the investment income earned annually is given to Crouse Hospital. Investment income disbursements began in 1988, and monies awarded in support of the hospital to date total more than $14.5 million.
The endowment this year funded 44 projects, including $28,750 for scholarships for the Crouse Hospital School of Nursing and:
- Almost $197,000 for enhancements to Surgical Services, with the largest allocation of $87,143 going toward the purchase of video towers that allow for smaller, less invasive incisions during endoscopic and laparoscopic procedures;
- Thirteen projects, totaling just over $100,000, for Women’s and Children’s Services, including technical enhancements to improve patient care for our tiniest patients in the Baker Neonatal Intensive Care Unit, construction to increase the number of private rooms on our post-partum floor and the purchase of sleeper chairs to encourage family support and bonding in the Kienzle Family Maternity Center;
- $66,000 towards the purchase of a Volcano Intravascular Ultrasound (IVUS) that provides a cross-sectional view of an artery, allowing a cardiologist to better determine whether an angioplasty would be of benefit and to ensure that a stent, if placed, is sized correctly and placed optimally;
- $38,991 for renovations in the hospital’s Pharmacy to ensure compliance with airflow standards;
- $30,200 to the Medical Imaging department for technical enhancements to the Crouse Breast Health Center;
- $30,000 for CarePages, private Web sites — offered free-of-charge to Crouse patients — that help families easily share information, reduce multiple phone calls and receive emotional support.