Gifts to the Tipton Hospital Foundation may be made as:
Outright Gifts – Funds from an outright gift will be used in their entirety
Endowed Gifts – Endowed gifts become the principal of a fund, managed by the Tipton County Foundation, which generates interest earnings in support of the program or initiative for which the fund was established. A portion of the earnings is reinvested so that the fund grows faster than inflation, steadily supplying the money needed to accomplish its intended goals.
In terms of time, an endowed gift remains in perpetuity while an outright gift may be used immediately and completely.
Outright Gift Funds of the Tipton Hospital Foundation
Unrestricted Fund
The unrestricted fund supports Tipton Hospital by providing funds where the need is greatest.
Tipton Hospital Auxiliary WISH List
The WISH List is an endeavor of the Tipton Hospital Auxiliary to provide funds to purchase items that enhance the care of the patient. These are items that would improve the patient’s comfort and experience, but are not a necessity to provide appropriate care. Excluded are items that are covered in the annual operating budget, items that should be purchased to take care of patient needs, and items that should be purchased to take care of associate operations.
Endowed Funds of the Tipton Hospital Foundation
Hilton Hobbs Hospital and Healthcare Endowment
The Hilton Hobbs Hospital and Healthcare Endowment was established in 1993 to provide a permanent mechanism for donors to support the general health care needs addressed at Tipton Hospital. The fund, which was initially named the Tipton County Memorial Hospital Endowment Fund, was renamed in 1996 in recognition of the many years Hilton Hobbs served as a Trustee of Tipton County Memorial Hospital. Over the years, the fund has allowed many local individuals, companies, and groups to be a part of the future of healthcare in Tipton County through a philanthropic gift.
Tipton Hospital Scholarship Endowment
The Tipton Hospital Employees Scholarship was established in 1988 as a Christmas gift to Tipton Hospital employees by three physicians: Dr. Michael Harper, Dr. Destry Lambert, and Dr. Robert Kurtz. Other medical staff members also contributed, and each year the donated money was divided between a graduate of Tipton High School and a graduate of Tri-Central High School, each of whom planned to prepare for a healthcare career.
In 1994, the medical staff embarked upon a campaign to solicit donations from both staff physicians and employees. The donations were made part of the hospital’s new endowment fund within the Tipton County Foundation. Beginning in 1995, the scholarship awards came from interest income earned by the scholarship endowment.
Eligible to apply for the scholarships are Tipton High School seniors, Tri-Central High School seniors, Tipton County home-schooled seniors, and senior students of Tipton Hospital Associates pursuing a healthcare career. At least one scholarship will be awarded to seniors from each of the county schools.
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