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Why is a foundation needed?
The decline in government funding for the Medicare and Medicaid programs combined with the increasing costs of advanced technology and labor have placed a tremendous financial burden on hospitals across the nation. For example, PCH absorbs almost half of its patient charges to make up for shortfalls in government funding and patients who cannot pay. As a public, not-for-profit hospital, PCH invests all of its earnings back into the hospital for the improvement of facilities, equipment and services for patients. The PCH Foundation supports the hospital by raising the funds needed for important special projects that might not otherwise be possible.
Are donations tax deductible?
Yes. PCH and the PCH Foundation, Inc., are both designated by the IRS as 501 (c) (3) not-for-profit corporations. Most donations are deductible from federal income tax to the extent provided by law.
How are donations spent?
Unless they are restricted by the donor, all donations will be invested in or used to directly support the hospital in program development, building projects and purchase of equipment. Donations are not used to pay for salaries or other operational expenses.
May gifts be restricted to certain projects?
Yes. Gifts may be designated by the donor for use toward a specific service, department, equipment purchase or other project. Unrestricted gifts allow the donation to be used where the need is greatest.
Does the foundation accept gifts other than cash?
Yes. Donations may be made in many forms. For a variety of reasons best determined by you and your financial advisor, you may prefer to give securities, life insurance or other possessions. Gifts-in-kind are also appreciated.
How are donations recognized?
All gifts are promptly acknowledged. Those who contribute $100 or more annually are considered members of the PCH Foundation's Cornerstone Club and receive a walnut plaque in appreciation of their gifts.
Those who contribute $10,000 or more are recognized as part of the L. J. Pace, M.D., Fellowship and are invited to attend a special event in their honor.
Those who contribute through planned gifts are recognized as part of the Heritage Circle of the PCH Foundation.
Companies that donate at certain levels are considered members of the Corporate Honor Roll.
Members of all these groups are acknowledged on the Wall of Honor in the PCH lobby, unless anonymity is requested.
For more information, please contact the PCH Foundation.
PCH Foundation, Inc.
P.O. Box 1369
Princeton, WV 24740
Phone: 304-487-7586
Fax: 304-487-7928
Email Us: pfoundation@pchonline.org
Mission Statement
Princeton Community Foundation, Inc., is a not-for-profit, tax exempt organization that depends on the generosity of individuals, families, organizations, and grant funds to support Princeton Community Hospital in its mission of providing high quality, cost effective health and wellness services to its community.
Planned Giving Takes "Will Power"
Please remember the PCH Foundation in your will.
Have you planned for the future? If not, you can be sure Uncle Sam has! As you talk to your financial planner or professional advisor, please remember to include the PCH Foundation in your bequest, will, trusts or estate planning.
The foundation is able to accept gifts of cash, stocks, bonds, life insurance, real property or real estate, and provide you with a tax deduction within the fullest extent of the law.
Including a gift provision in your will, bequest, charitable remainder or lead trust is something that can be accomplished now. Your financial planner will be able to help you with this. It is very simple and will make such a difference to those who follow behind you.
Whenever you prepare your estate plan with your attorney or financial planner, please add a gift provision that states "to the Princeton Community Hospital Foundation, Inc. for the benefit of Princeton Community Hospital, I leave _______________________."
Thank you for considering Planned Giving.
The PCH Foundation
Lights of Love shine for
those in need
The Lights of Love tree has been extinguished for the year, but not before it raised almost $4,000 for PCH patients in need.
Proceeds of the 2007 Lights of Love campaign will help create a fund to assist PCH patients who lack the resources needed to complete their treatment. It will provide prescription medications, gas cards and payment for out-of-town lodging and other expenses related to continuing medical treatment for PCH patients who qualify.
The money raised through Lights of Love will be added to funds recently raised by the Hearts of PCH. The total raised for the project is now approaching $10,000.
According to Hearts of PCH chair Diane Spencer, a committee will soon be appointed to establish the criteria for qualifying patients.
