b'18 PaysoncaresHOPE Resource Center EndowmentIn response, the Trust established the HOPE Resource Center Endowment The HOPE Resource Center providesto provide stable \x1c nancial support not tied to potentially fragile speci\x1c c programs and services to cancer patientsevents.Like other endowments administered by the Trust, donated and their caregivers including funds (the principal) remain social work, nutritional counseling,untouched. The Hospitals policy is to tap a portion of an endowments support groups, complementary therapiesearned interest per year, allowing the endowment to grow and provide and funds for out-of-pocket expenses funds into the future.all at no cost to patients. The endowment will support programs and services provided at no cost to cancer patients and their caregivers. They include social, nutritional and \x1c nancial counseling; peer support; and funds for out-of-Concord Hospital Trust hasThis past year proved to us thatpocket expenses such as groceries established a signi\x1c cant newwhen we rely on a single event toand gas.charitable endowment to ensure thatraise 60 percent of what it costs to crucial programs jeopardized by theprovide all of the services at the HOPEWe dont charge for those services,2,771COVID-19 pandemic will continue toResource Center and we cant conductyet they are provided by sta\x1ebe o\x1e ered to cancer patients andthat event, all of a sudden you aremembers who need to be paid, their caregivers. really worried, said Pamela Puleo, thePuleo said. Without more stable Hospitals Chief Advancement O\x1dcer. funding, we realized there is a risk of The pandemic caused Concordnot having all of the services patientsPATIENT CONTACTS Hospital and other non-pro\x1c tAs evidence of its charitable mission,and families have come to enjoy andoccurred in theorganizations to switch gears abruptlyConcord Hospital typically pays theneed and expect. HOPE in 2020 when their reliable in-personcost of HOPE services not metThe Trust anticipates the endowment fundraising events were canceledby fundraising events andwill need approximately $10 millionputting important programs andother donations. Resource Center. *services at risk. The COVID casualtiesto generate enough income to included the popular Rock N Race,But the Hospital was facing hugeadequately support HOPE Resource which raises hundreds of thousandslosses because of COVID-19, sheCenter services. The endowment will of dollars a year to support programssaid. Would we be forced to cut thebe built through individual donations, provided free of cost to patients atprograms and services the patientslarge and small, and a portion of Concord Hospital Payson Center forand their families rely on becausefundraising event proceeds.Cancer Care. we rely on one event to fund aEvery single gift will build it, Puleo signi\x1c cant amount? said. Anyone who is interested in A virtual Rock N Race event and ahelping can make a gift to the Payson signi\x1c cant donation by Payson CenterCenter, specify it is for the HOPE supporters Norm and Melinda PaysonResource Center Endowment and raised su\x1dcient funds in 2020, but thethats where it will go.situation raised questions about the future.'