The 5HF was funded with $25,000,000 to impact the health of the service area population.
5HF is considered a legacy foundation, because the money used to fund 5HF is the legacy of the community owned hospital, which merged with Saint Joseph Mercy Health System in 2009.
The $25,000,000 has been invested, and the return on those investments (earnings) will be used by the 5HF to grant funds to wellness related projects in the five communities. Some of you will wonder why 5HF can’t spend the entire amount on wellness, right now. The primary reason is to preserve the Foundation’s ability to impact the health of these communities for decades to come. If portions of the $25,000,000 are spent, the returns will be smaller and less can be done for future residents of the service area. There are many financial models that support this investment strategy as a way to increase, in the long-term, the amount of funding available.
IMPACT OF SPENDING RATES ON THE FUTURE
**The amount spent is a percent equal to 5% of our non-charitable assets (investments).