To return to the main Foundation website, please close this browser window.
When you include The Foundation of Monongalia General Hospital, Inc. in your will/trust or as a beneficiary of a retirement
plan or life insurance policy, the Foundation of Mon General Hospital will invest the funds in the
Mon General Hospital Endowment with other previous gifts. A
team of investment professionals manages the entire endowment. Each year, Mon General Hospital
receives a distribution of approximately 5% of the value of the fund. If the
endowment earns an average of 8%, the additional 3% remains in the fund; thus
your original gift to the Foundation of Mon General Hospital will increase over time.
The chart on the left illustrates the growth of the
annual distributions to Mon General Hospital of an endowment gift under these assumptions.
The 3% net growth in the fund each year means the following year there is a
greater amount available to Mon General Hospital. Looking at the chart, you can see
that in the tenth year the fund has grown to the point where it is able to provide
$1,361 to Mon General Hospital. Each year it will continue to grow. In year 50 it
will be able to provide $3,799 dollars to Mon General Hospital.
told, over the fifty years we have charted, your endowment gift of $20,000 will
have distributed a total of $108,367 in annual distributions to Mon General Hospital
and have grown to almost $76,000, continuing to provide needed support. Of course,
this is based on the assumptions we outlined in the opening paragraph; that
the fund grows at 8% each year and pays out 5% to Mon General Hospital leaving 3%
additional in the fund each year.
Your original gift is never depleted; it
provides annual support each year into the future.
chart on the right illustrates how a gift of $20,000 to the Mon General Hospital
Endowment will grow, providing greater annual distributions to Mon General Hospital.
The illustration assumes the same average investment rate of return of 8%, which
is not a guarantee, and annual distribution to Mon General Hospital of approximately
5% that we used above.
Click here to return
to the planned giving home page.