The Crouse Health Foundation’s Endowment Allocation Committee recently made its annual distribution of investment income in support of Crouse Hospital programs and health initiatives and the enhancement of its facilities and equipment. According to Carrie Berse, president of the Foundation, the Foundation Board of Trustees allocated $1 million from investment income earned by the endowment for the second consecutive year.
The Crouse Health Foundation Endowment Fund was established in 1983 through a $5 million community fund-drive, and today has a market value of $24 million. The principal of the fund remains untouched, while a portion of the investment income earned annually is given to Crouse Hospital. Investment income disbursements began in 1988, and monies awarded in support of the hospital to date total close to $14 million.
In addition to $34,000 in scholarships for Crouse Hospital School of Nursing students, and a $30,000 grant for the purchase of a new state-of the art “SimMan,” a patient simulator used for student and team teaching,
the endowment this year funded 47 projects, including:
- Eleven projects for Women’s and Children’s Services, including technical enhancements to the Kienzle Maternity Center and Baker Neonatal Intensive Care Unit to improve patient care for our tiniest patients, as well as the purchase of 12 newborn bassinets to accommodate the increase in the number of births at Crouse;
- $175,000 toward the expansion of the hospital’s Sleep Center;
- $156,000 to Medical Imaging for Fluoroscopy equipment for image guidance during surgical procedures, as well as renovations to the department to increase patient comfort;
- $109,327 to Surgical Services for advanced tools for minimally invasive procedures;
- $100,000 toward a state-of-the art Staff Scheduling System that will streamline the staffing process in patient care areas; and
- $60,000 for new equipment at the bedside to enhance television viewing, part of the hospital’s Healing Environment initiative.