Why Does a Successful Hospital like FMH need to raise money?
Charitable support will become increasingly more important as hospital's move to more and more outpatient services and as managed care and other cost containment measures are implemented. Charitable contributions will enable FMH to continue healthcare excellence and meet its responsibility to keep up with advances and changes in the delivery of healthcare to our friends, neighbors, workers and loved ones.
Isn't the Hospital supported by my tax dollars?
The Hospital has two sources of revenue; from the patients that use hospital services and from charitable donations. Unlike many charities, the hospital receives virtually no financial support from the city, county, state or federal governments.
What is The Development Council?
The Development Council is a group of volunteers who assist the Hospital by developing community education and service programs, which result in greater visibility and increased philanthropic support. Their goals and objectives are accomplished through the efforts of five committees; Annual Support, Business & Industry, Planned Gifts, Special Gifts and Signature Gifts.
Who serves on The Development Council?
Community leaders with diverse backgrounds and expertise, hospital Auxiliary members, employees, and medical staff members serve on the Development Council.
How much money has the Hospital raised?
Since the formation of the Development Council in 1989, more than $55 million in charitable support has been contributed from individuals, businesses and foundations.
Why should I give to the FMH Development Fund?
Of all the not-for-profit institutions in our community, Frederick Memorial has the distinction of helping the most people in need. Nearly one of every three people in Frederick County have contact with the hospital either through the emergency department, surgery, or outpatient services. As such, FMH is one of our most valuable community resources and your support will help the hospital care for your families, friends, and neighbors.
Doesn't most of the money raised come from foundations and corporations?
Surprisingly, no. National statistics indicate that of all dollars raised, approximately 5 percent come from foundations, 5 percent from corporations and the remaining 90 percent from individuals.
What is the Hospital family doing to support the Hospital?
The FMH Board of Directors has 100% participation in the Order of the Good Samaritan. Additionally, more than 110 members of the FMH Medical Staff are Good Samaritans as is every member of the senior leadership team. In addition to the more than 90,000 hours of volunteer service provided each year, the 900 members of the FMH Auxiliary continue to be among our staunchest supporters having pledged $500,000 to offset costs for the Auxiliary Prenatal Center. FMH employees are engaged in the fundraising campaign through the ACE Club (A Caring Employee). Employees have pledged over $250,000 to help support FMH's Interventional Cardiology Program, a new Women's Center at FMH Crestwood and The Angel Fund.
How will the money be spent?
All charitable gifts contributed to this institution, unless specifically restricted by the donor, are deposited in a special development fund account that is used solely for capital expansion, renovation and equipment needs at FMH. No monies contributed into this fund are used to pay operating expenses or salaries.
Is my donation tax deductible?
Yes! FMH is a 501(c)3 not-for-profit corporation so designated by the Internal Revenue Service. As such, most donations made to the hospital are deductible from federal income taxes to the full extent provided by law.