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.
- Hospital beds replacement project: The hospital is about to commence a rolling, four year project to replace its 76 hospital beds. Between 10 and 20 beds will be replaced from 2016 to July 2017. At a cost of approximately $6,000 each, the new beds are a high funding priority. They will meet stringent Infection Control and patient weight requirements, reduce the risks of patient and/or staff injury, have a high/low ability that will reduce the risk of patient falls, will be easy to move and relocate, and will improve patient comfort.
- The area of greatest need: The Board of the Burnside Hospital Foundation will decide on the best use of the funds given for this purpose, in consultation with the hospital.
In May 2017, the Foundation donated 8 new specialty recliners for the Short Stay Procedure Unit (Day Surgery) at a cost of $6,000 each: this was part of the Hospita's major redevelopment of the patient waiting areas for Day Surgery, including the post-procedure (recovery) area. The new recliners - which are quite different to a standard lounge seat! - can be reclined almost to a bed. They meet high level infection control standards; they can be easily moved or relocated if needed; and they will offer better comfort, privacy and an improved patient experience.
In February 2016, our Foundation donated $35,000 to the hospital towards the costs of installing a new theatre camera system to be used across all five of its operating theatres.
In March 2015, our Foundation donated $50,000 to the hospital towards the costs of installing new high efficiency LED theatre lights in all five of its operating theatres. You can read more about this project, and about highlights of some other previous successful fundraising campaigns, here.
If you would like further information, please do not hesitate to contact the Foundation or donate via the link below:
Robyn Downing, Executive Officer, Burnside Hospital Foundation - available on Tuesday and Friday afternoons.
Phone: (08) 8202 7248
Mobile: 0408 758 082
Post: Burnside Hospital Foundation Inc, 120 Kensington Rd, Toorak Gardens SA 5065
25 February 2016 / Link
5 December 2017 / 810 KB / pdf
25 February 2016 / 97 KB / pdf
Click here to download information on how bequests help our hospital.