Covenant Health is an innovative, Catholic regional delivery network and a leader in values based, not-for-profit health and elder care. We sponsor hospitals, nursing homes, assisted living residences and other health and elder care organizations throughout New England.
LOCATIONS

Endow Your Annual Gift

You can make your annual support last forever! When you endow your annual gift, you provide a steady, reliable source of funding that helps St. Joseph Hospital meet the mission’s most urgent needs. An endowment is a forever gift – one that does good in our community, each year and every year.

How it works:

St. Joseph Hospital manages your endowment to carefully steward your gift. Each year, a fixed amount (as outlined in the endowment spending policy) is drawn down to spend, with the remainder reinvested. Your endowment will support St. Joseph Hospital’s mission, to the level of your annual gift, in perpetuity. It is the gift that gives forever.

Your endowment can be named in honor or memory of loved one. It can also be established to support a St. Joseph Hospital program or department of your choosing.

Endowing your annual gift could be one of the most lasting and impactful decisions you make in your lifetime.

Example:

Each year, John and Sue give a gift of $1,000 to St. Joseph Hospital. By creating a $25,000 endowment, their annual donation will become a “forever gift”. Each year, a small percentage of the endowment (equaling their annual gift) will be spent by the Foundation. The rest will be reinvested, allowing John and Sue’s $1,000 donation to continue in perpetuity.

Current Annual Giving Level

Amount to Endow you Annual Gift

Annual Endowment Income

$1,000

$25,000

$1,000

$1,500

$37,500

$1,500

$2,500

$62,500

$2,500

$5,000

$125,000

$5,000

 

Build your endowment over time:

You can establish an endowment with a minimum gift of just $5,000 and a signed endowment agreement. Continue to contribute to your named endowment fund and when it reaches $25,000 it will begin distributions.