Foundation Flash

August 2022

If you've been following the news, you've probably heard that hospitals nationwide are facing unprecedented economic hardships.

A national shortage of health care personnel, inflation, and global supply chain disruptions have strained operations throughout the U.S. while driving up the cost of care. Meanwhile, reimbursement from insurers has not kept pace, resulting in significant net operating losses for health systems nationally.

While Providence is not immune to these stressors, we are fortunate to have a clear path to recovery. The situation calls us to rally even more intently around our core operations of serving patients. That means focusing our precious resources on services that deliver or support direct patient care, as well as generating new revenue to help fund our patient-care Mission.

Providence has lived through other economic downturns, past pandemics, and periods of political and social unrest. It's clear that philanthropy will continue to be more important than ever as we deliver on our centuries-old legacy of service. In this issue you'll read about some projects and services made possible by our generous donors. Thank you.

Colleen M. Fox

Chief Philanthropy Officer

Superheroes Return to Sacred Heart

Children's Hospital

Last month Sacred Heart Children's Hospital was filled with squeals of delight as a host of superheroes scaled the building and trooped the hallways. Now in its eighth year, the Children's Miracle Network's Superheroes for Kids event raised more than $55,000 to help the children and families we care for at Sacred Heart Children's Hospital.

It was also an opportunity to celebrate our amazing caregivers, who are superheroes day in and day out, as they care for our young patients. 

In this news story you'll learn how meaningful this day was for patients, their families and hospital caregivers.

Special thanks to West Coast Window Cleaning and to these community superheroes for making this event possible: The Gregg Family Ace Stores, Alliant Insurance Services, Washington Trust Bank, Rosauers, Fruci & Associates, Inland Imaging, Pediatrix Medical Group and SRM Development.

A Gift that Pays You Back

A Charitable Gift Annuity lets you support a cause you care about while receiving fixed payments for life. In today's volatile market environment that can be a pretty appealing proposition.

If you would like to help support the legacy of quality, compassionate health care at Providence and receive the security of lifetime payments, a gift annuity may be right for you.

To create a charitable gift annuity, transfer an asset to Providence Inland Northwest Foundation. In return, we agree to make payments for life to you, you and a loved one, or another person. Each payment is fixed, and the amount of each payment will depend on the age of the person who receives the payments. A charitable gift annuity can be funded in several ways and provide many benefits beyond just helping to support our mission.

To learn more about the benefits of a charitable gift annuity and help you decide if this giving strategy makes sense for you, please click here: How You Can Give - Gift Annuity

If you have questions or wish to have us run a personalized illustration for you, contact our Planned Giving Officer Dennis Reed at dennis.reed@providence.org or call (509) 474-4656.