Blog Layout

Raised vs Received – There’s a big difference!

December 14, 2023

Raised vs Received – There’s a big difference!

By Shannon Coull, CFRE

Executive Director


I apologize in advance for the technical tone of this column, but some of you have asked, so here it is...


Before beginning, however, I must take this opportunity to thank our community of supporters. You are the champions who make our work possible. The funds you are helping to raise have a direct impact on the future of healthcare in our community. You help to ensure Quinte Health can purchase the medical equipment needed at our hospital because medical equipment is not paid for by the government. And you are helping to build our new hospital in Prince Edward County.

 

The Prince Edward County Memorial Hospital Foundation has been providing regular updates on how much our organization has raised toward our $27M goal. What we haven’t shared with you is how much in cash gifts our organization has received.

 

Here’s a brief lesson in fundraising terminology: 

 

Raised refers to any money that an organization has raised as a commitment, received or not, towards a donation. It includes pledges, a promised commitment, as well as gifts that have already been received and receipted.

 

As per the Certified Fund Raising Executive (CFRE) Program, a pledge is a signed and dated commitment to make a gift over a specified period, generally two or more years, payable according to terms set by the donor, with scheduled monthly, quarterly, semi-annual, or annual payments.

 

Received are the funds we refer to that have been released by the donor to our organization and are receipted.


Pledges are important to a charitable organization because they give the donor the ability to make a larger contribution, which can be paid in installments, often over several years.


Many donors to the Back the Build campaign began pledges in 2019 and have been paying off their pledges over the past five years. For example, two organizations have completed their pledges this week: the Paul B. Helliwell Foundation, which just celebrated with us the completion of their $1M gift, and the Rotary Club of Picton, which presented the foundation with a $32,000 cheque, representing their final installment towards their $100,000 pledge.


The gift from the Paul B. Helliwell Foundation is helping to build the new dialysis department that will be located on the second floor of the new hospital. In recognition of this gift, the unit will be called the Paul B. Helliwell Satellite Haemodialysis Department.


Paul Helliwell was born in China to missionary parents. His parents helped shape him into becoming the humanitarian that he was. He was also an entrepreneur, a visionary, an avid sailor, a beloved husband, and a brother who strongly believed in giving back. Paul was a true philanthropist, leaving the bulk of his estate to his foundation to help worthy causes, like our new hospital in PEC.


The Rotary Club of Picton has supported our hospital foundation for 21 years. The large procedure room that will be located on the main floor in the Ambulatory Clinic in the new hospital will be named in recognition of their commitment.


I am pleased to report that we have raised $21M, which includes pledges and outright gifts, including $15M in cash gifts from our community of donors. By 2027, all the funds we need to raise in our community -- $27 million -- should be received by the foundation.


A request for proposals (RFP) to build the new hospital has been issued to four prequalified companies. Once submissions are received, Infrastructure Ontario (IO) and Quinte Health will evaluate the proposals, select a preferred company, and negotiate a final contract. The successful company is expected to be announced in the spring of 2024. Shovels are expected to be in the ground this coming summer, 2024.


IO has launched a page on their website dedicated to our project, where you can find detailed information regarding the plans for the hospital: https://www.infrastructureontario.ca/en/what-we-do/projectssearch/quinte-health-care--prince-edward-county-memorial-hospital-site-redevelopment-project/


Regardless of the amount, every gift makes a difference. As we approach the holidays and the end of 2023, I wish all of you living in our beautiful County a safe holiday filled with peace and joy.


For information about our hospital or to donate, call 613-476-1008 ext. 4502 or visit the foundation’s website at www.pecmhf.ca.


Cheque presentation photo with reps from Picton Metro.
By bboyce January 31, 2025
Metro Inc. has proudly announced a donation of $8,656.79 from the cash register round-up promotion held between August 22, 2024, and September 4, 2024. This gift brings the five-year total raised to $74,182.63.
Cheque presentation photo outside of PECMH.
By bboyce January 29, 2025
On behalf of IG Wealth Management, Barbara Shuster and Scott Lavender are Backing the Build for the fourth consecutive year and were pleased to donate $2,370 to the new hospital campaign. This brings the four-year total given by IG Wealth Management to $10,870.
Cheque presentation photo with PECMH Auxiliary to celebrate the 2024 Festival of Trees results.
By bboyce January 21, 2025
Festival patrons supporting the 31st annual Festival of Trees and the Second Time Around Store’s Christmas Boutique raised $80,000! Of that, $51,000 will be earmarked for PECMHF to purchase two blood analyzers needed in the Emergency Department at Prince Edward County Memorial Hospital (PECMH). The remainder of the funds will be used to purchase other equipment that is prioritized as an urgent need for PECMH.
Cheque presentation for Atomic Reaction film screening at the Regent Theatre in Picton.
By bboyce January 17, 2025
The Prince Edward County Memorial Hospital Foundation (PECMHF) was honoured to be a beneficiary of a special documentary film screening at Picton’s Regent Theatre on November 24, 2024. Executive producers David Hatch and Bernie Finkelstein presented Shannon Coull, executive director of the PECMH Foundation, with a donation of $5,696.00, representing the funds raised from screening their feature-length documentary film, Atomic Reaction. Lisa Thompson and RBC Wealth Management and Dominion Securities sponsored the presentation of the film.
Members from Wellington Rotary presented a cheque for $13,495.43 on Tuesday to the Prince Edward Cou
By bboyce January 15, 2025
Members from Wellington Rotary presented a cheque for $13,495.43 on Tuesday to the Prince Edward County Memorial Hospital Foundation (PECMHF), representing the proceeds from their ‘Rockin’ and Rollin’' fundraising dinner and dance, which was held on October 19, 2024, at the Wellington and District Community Centre.
Cover page with collage of photos for 2023/24 Community Report
By bboyce December 27, 2024
As we look back on 2024, we have so many reasons to celebrate our community of supporters – made up of generous people like you.
Members of the County Marathon Committee pose with representatives from PECMHF.
By bboyce December 13, 2024
Brian McLean, the marathon’s new race director, presented the Prince Edward County Memorial Hospital Foundation (PECMHF) with $9,000 on December 12. The funds were donated by marathoners and community members who pledged support to the Prince Edward County Memorial Hospital Foundation as part of the 2024 race. As with other years, the County Marathon contributed funds as well.
Group photo at ANDARA Gallery to celebrate the results of the 2024 Holiday Photo in the Barn.
By bboyce December 11, 2024
Over 500 guests brought their cameras and had their photos taken in exchange for a donation to the PECMH Foundation’s Back the Build campaign. The fundraiser ran from November 16 until December 8, 2024. Individuals, couples, families, work colleagues, and groups of friends came to the barn for a photo, raising $5,000.00 for the campaign to build a new hospital in Prince Edward County. This brings the five-year total raised to over $35,000 …with over 3,000 visitors and pets photographed to date!
Photo: Pictured at Station 1 in Picton with the Picton Firefighters is Briar Boyce, senior developme
By bboyce November 27, 2024
The Picton Firefighters’ Association turned up the heat on Tuesday evening when their members presented the PECMHF with a $2,000 gift to Back the Build. This gift brings the Picton Firefighters cumulative giving to $12,000 in support of the campaign.
Joe and Gertrud LaFerla
By bboyce November 21, 2024
Gifts to PECMHF made on Tuesday, December 3, will support the campaign for the new hospital and will have double the impact. Joe and Gertrud LaFerla of Cherry Valley have come forward to generously match donations to Back the Build up to a total of $25,000.
Show More
Share by: