Wednesday, May 19, 2010

Endowment Fund Established

(Sandra and Eric "Doc" Johnson - photo courtesy Riverside Foundation for Health Care)
Riverside Foundation for Health Care is receiving a sizable contribution from a long-time Fort Frances couple.

Director Teresa Hazel says Eric "Doc" Johnson and his wife Sandra established an endowment fund for use at La Verendrye Hospital.

"They've always been long time supporters of the Foundation," says Hazel, "and they just wanted to make a more meaningful and lasting gift to the hospital because they've been so pleased with the services and have used the services."

Endowment funds set aside the principal amount that is given and Riverside only uses the interest generated to help purchase medical equipment, support programs and services and assist with facility upgrades.

It's the third such fund for local health care since the Foundation was formed 13 years ago.