The Burnside Hospital Foundation has established a long term Investment Fund for the sole future benefit of the Burnside War Memorial Hospital Incorporated.
Gifts can have a lasting impact for years to come!
Major gifts, bequests, and donations to the Investment Fund are now invited. Many of the first class facilities in our hospital now were only made possible by donations from past and present benefactors. Hundreds of generous people, clubs and businesses in our community have willingly invested in providing safe quality care for every patient, every time, at Burnside Hospital.
Since 1998, more than $2 million has been donated for a wide range of equipment needs and building developments that keep Burnside at the forefront of patient care in Australia.
Now, it is time to invest in the hospital’s future.
How will it work?
Our Investment Fund will produce annual income to support the hospital’s needs, increasing over time as the fund builds, while also increasing the financial strength and stability of the hospital.
Annual income will be used to help fund vital medical and surgical equipment, for approved patient care projects, and to support building developments and refurbishments - like the recent upgrade of the Brian Fricker Oncology Centre.
The Investment Fund will support the hospital in maintaining its position as one of Australia’s premier private hospitals, and build upon the value of this incredible community asset for generations to come.
The Burnside Hospital Foundation is responsible for building the fund through seeking donations, major gifts and bequests to benefit the fund.
An Investment Fund subcommittee – including an Investment Fund Manager and members with financial management expertise, and representatives of both the hospital board and the foundation committee - is responsible for managing the fund as an asset for the hospital.
An Investment Fund Policy, approved by the Board of Directors of the Burnside War Memorial Hospital Inc, outlines investment risk, asset classes and asset allocations to ensure that capital donated by the community will be securely invested for the future benefit of the hospital. The policy also includes strict rules on distributions to the hospital from either the corpus or from investment of the corpus, ensuring that the fund’s use is regulated, balanced, and may only be used for approved purposes.