2013 Winter Focus
Ridgeview Foundation's 2013 Winter Focus Newsletter
Grateful Patient Story: Mandy Gilley ometimes you might not know if your medical need requires emergency room care or urgent care. The decision can be difficult enough when you are making the choice for yourself, but it is even more stressful when you are caring for a loved one. A mother of two “little princesses,” Mandy Gilley of Victoria found herself in just this type of situation. Gilley, who has a background in pediatrics, recently moved to Minnesota from North Carolina where she had worked as a medical assistant. When her 3-yearold complained of stomach pain and cried when she used the bathroom, Gilley thought “I better be safe than sorry,” and brought her daughter to Ridgeview’s 24/7 Emergency & Urgent Care at Two Twelve Medical Center in Chaska. Fred DeMeuse, the certified physician assistant on site who examined Gilley’s daughter Jo, was “very thoughtful, did not make me feel rushed and put my mind at ease,” Gilley said. “He informed me and my daughter of what he was doing throughout the examination. She just smiled and giggled … and told me that she liked ‘that doctor.’ It was very reassuring to know that my child felt comfortable with a health care provider she had never met.” S Two Twelve Medical Center’s 24-hour emergency department and urgent care offers the convenience of both levels of care in one location—providing patients with appropriate care close to home. No appointments are necessary, and, when patients arrive, medical personnel help patients determine which level of care is appropriate for their needs—Urgent Care or the Emergency Department. A health care destination, Two Twelve Medical Center offers comprehensive family and specialty care, advanced diagnostics, access to leading physicians and clinics, and more—easily accessible to consumers in the west-metro region. While her daughter’s symptoms were due to being lactose intolerant, “it was amazing to have such compassion shown for something so small,” said Gilley. For more information on Two Twelve Medical Center, please visit us at www.twotwelvemedical.org or call 952-361-2447. Winter 2013 Dear Friends, What an amazing year! Thanks to donors and friends like you, 2013 was an incredible year for Ridgeview Foundation. Board of Directors Nancy Bach, Wayzata Brian Beniek, Mound Jean Buller, Chair, Chaska Dermot Cowley, Secretary, Watertown Stacy Desai, Eden Prairie Tim Foster, Wayzata Katherine Forrester, Excelsior Fred Green, Edina Katherine Hackett, MD, Excelsior Darla Holmgren, Finance Chair, Waconia Greg Kummer, Norwood Young America Laura Lanz, Waconia Jeff Laurel, Cross Lake Jim Leonard, Chaska Brian Mark, Excelsior Linda Roebke, Waconia Kate Roehl, Maple Plain Daniel Ross, DDS, Chaska Randy Schneewind, Waconia Charles Spevacek,Vice Chair, Shorewood Mark Steingas, Excelsior Larry Wilhelm, Excelsior David Windschitl, Chanhassen Ridgeview is fortunate to have so many wonderful partnerships and collaborations with benefactors, volunteers and community leaders. Together, we completed the Innovations for Generations campaign this year, raising more than $2 million in two years to help renovate the 2nd floor of the medical center in Waconia and to help Ridgeview expand services for patients. In 2013, we also launched the Every Moment Counts campaign, Ridgeview Foundation’s effort to raise endowment funds and capital gifts to help secure Ridgeview Medical Center’s future. Through this campaign, we believe this is our opportunity to help sustain vital programs for patients and families right here in our region. We are so thankful for the annual contributions, remembrance gifts and event support from such a generous community. You and others just like you have rewarded Ridgeview as a valued asset this year and through the years. We will need even greater assistance to ensure that our actions today will protect the clinical excellence and extraordinary services Ridgeview provides far into the future. Enjoy this issue of Foundation Focus. You can read more about the Every Moment Counts campaign, the Roaring ’20s Under the Harvest Moon and the Achieving a Healthy Balance event wrap-ups. In addition, we have a wonderful story about grateful patient Mandy Gilley, some useful information about IRA rollover legislation, and stories about a few different ways that can help you stay connected to Ridgeview and to the Foundation. Thank you so much for a great 2013! Sincerely, Jean Buller Ridgeview Foundation Board Chair Ex-Officio Robert Stevens, President and CEO, Ridgeview Medical Center Doug Stasek, Vice President, Ridgeview Foundation 2nd floor addition commences In June we completed the Innovation for Generations campaign, which helped fund the 2nd floor remodel of Ridgeview Medical Center. Thank you to our generous donors for their support. The Foundation raised more than $2 million over two years to fund this important project. We are happy to report on the progress. The first of four phases in Ridgeview’s 2nd floor renovation is now complete. The hospital’s construction project involves changes to Ridgeview’s nearly 50-year-old medical/surgical wing, in which patients young and old receive care. All patient rooms on the renovated wing have been designed to serve as “universal rooms”—allowing flexibility for the hospital as all the rooms will have similar layouts and equipment, yet will offer unique features to meet individual patient needs. The project is slated to be complete in October. We look forward to giving updates as the project progresses. Again, thank you to the donors who helped us complete the Innovation for Generations campaign. Your support truly made a difference! 2 F O U N D AT I O N F O C U S Ridgeview Friends & Family has successful giving campaign Ridgeview Friends & Family held its annual employee campaign this past October in support of the annual fund at Ridgeview Medical Center. The 2013 Ridgeview Friends & Family theme was â€œHearts In, Hands In,â€? signifying Ridgeview employees using their hearts and hands in everything they do. We thank our staff for pledging their support and creating a sense of belonging and pride in the workplace! Our staff takes pride in supporting excellence in health care, which sends a positive message to the communities that Ridgeview serves. Ridgeview leadership participated in a photo shoot on making giving fun. Our campaign spokesperson, Paul Whittaker, director of Environmental Services, encourages fun in the workplace. Happy employees are productive employees! In 2013, funds were directed in support of the 2 Medical Renovation, the Health Care Scholarship Program, Prayer Shawl Program and, new this year, the Roof-Top Gardens. Employees are always welcome to direct their donation to another area of need if they so wish. Thirty-three percent of the nearly 1,600 Ridgeview employees choose to give back. Sincere thanks to all of our employees who support Ridgeview Friends & Family! More than 1,000 employees and community members support this giving club and collectively raise almost $100,000 annually to support Ridgeview Medical Center. It is with gratitude that we say thank you for the commitments made. Thank you for your support of Ridgeview Medical Center and Foundation! Your commitment and passion for the well-being of our patients and families speaks volumes. Your employee pride is admirable. Ridgeview Foundation is seeking individuals who are interested in volunteer opportunities with Ridgeview Friends & Family. Join this energetic team that makes philanthropy fun. For more information, please contact Ridgeview Foundation at 952-442-6010 or email: firstname.lastname@example.org. Robert Stevens, president and CEO, and Todd Wilkening, director of Facility Services, join in the fun by letting our staff know why they should participate in the Employee Campaign. CONNECTING WITH COMMUNITY 3 Ridgeview Foundation launches endowment campaign idgeview Foundation has launched a fundraising campaign that will help Ridgeview Medical Center sustain its reputation as one of the finest medical centers in the state. The Every Moment Counts campaign will focus on raising endowment funds and capital gifts to help secure our future. R Why Is the Endowment Campaign Important? Much as a family would build up savings to buffer against financial hardship, the endowment is Ridgeview’s security for the future. An endowment fund is like a permanent savings account. The principal of the original contribution is never spent—only a portion of its earnings is annually allocated for the purpose of the endowment. The remaining amount of the fund’s earned income is reinvested to ensure future financial growth. A gift of any size can be earmarked for the endowment campaign. However, naming opportunities and named endowed funds will play a large role as well. At this critical time in the life of our organization, almost 100 percent of Ridgeview’s net revenue is required to maintain operations, leaving a very small percentage to invest in technology, facilities and new services. We ask you to please join us and help us continue to provide the highest level of care with kindness, compassion and intuition. Give for today and for the future. How Endowment Gifts Benefit Ridgeview Without question, endowments are one of the most advantageous sources of funding for Ridgeview. The principal is continually preserved and only a percentage of the investment income is spent annually. There are many ways Ridgeview will benefit from endowment gifts: • Enables Ridgeview to direct support to areas of greatest promise or need and seize timely opportunities • Ensures the most promising ideas and technical advances have the opportunity to flourish • Assures excellence by making certain that quality medical care, research and outreach can be conducted forever • Despite ebbs and flows in the economy, endowment dollars ensure that facility improvements, tomorrow’s technology, and the critical need to attract and retain the brightest medical minds in the field will be here for you, your children and your grandchildren—today and in years to come How Endowment Gifts Benefit the Donor This endowment campaign is an ambitious undertaking and donors are the key! You, your family and Ridgeview have the opportunity to enjoy a long relationship built around something you value. There are numerous advantages to supporting the endowment: • Freedom to choose how your investment will support Ridgeview • Option to assess the impact you would like your gift to have • Ability to honor someone special to you or permanently memorialize a loved one • Fulfillment that the endowment inherently delivers a profound impact because of its longevity • Flexibility for family to support your fund because they know how special it is to you • Gratification that your gift becomes part of Ridgeview’s heritage and tradition 4 F O U N D AT I O N F O C U S Endowment Q&A Q: What are Ridgeview’s endowment goals? A: To provide stable support from the endowment each year to the budget and to preserve the long-term value of the endowment to provide support future generations of patients and their families. Q: What is the investment strategy? A: Endowments are invested with the objective of earning a total net return (interest and dividends plus appreciation in market value, minus inflation) of 6.0 percent. Q: What is Ridgeview’s distribution calculation? A: Historical investment performance will “trigger” the percentage distributed on a year by year basis. Distribution calculation: Percentage of fund above historical principal 103% and below 104%–110% 111%–125% 126% and above Endowment distribution percentage 0% 4% 5% 6% Q: What is Ridgeview’s distribution timing? A: The historical principal and the investment return will be calculated on or about December 31 on a year by year basis. Endowment distributions will be based upon the annual calculation. Ridgeview Medical Center’s Finance Committee may request receipt of the distribution either annually, semi-annually or quarterly. If the request is semi-annually or quarterly, Ridgeview will receive a proportionate share of the distribution; the remainder will be invested in a money market until such time that it has been fully disbursed. Q: What do donors receive when they make an endowed gift at the $25,000+ level? A: Endowed funds can be personalized and named for the donor or in honor/memory of a donor family member, friend or loved one. Foundation staff will work closely with Ridgeview Medical Center Office of Finance and the Foundation Finance Committee to ensure proper stewardship takes place. This stewardship will include annual reporting and endowment specific reports related to the donors’ fund. Donors will have peace of mind knowing that their gift directly supports their individual area of interest and will be part of the Foundation’s long-term investment strategy. CONNECTING WITH COMMUNITY 5 Harvest Moon raises funds for endowment idgeview Foundation raised more than $250,000 at the Roaring ’20s Under the Harvest Moon event, held Nov. 23 at Hazeltine National Golf Club in Chaska. More than 320 people attended the 1920’s-themed event, which combined great food and drink, a liveauction and fun costumes from the Roaring ’20s. Auction items included trips to Las Vegas, Jazz Fest in New Orleans and California’s wine country, and a framed photo of the 1980 “Miracle on Ice” USA Olympic Hockey team, signed by the entire squad, including coach Herb Brooks. Co-emcees and auctioneers Frank Vascellaro and Amelia Santaniello from WCCO-TV were a highlight of the evening as they entertained with great stories, humorous audience interactions and witty commentary. More than 30 volunteers worked collaboratively to organize and raise funds for the event. All funds are supporting Ridgeview Foundation’s effort of raising endowment funds and capital gifts to help secure Ridgeview Medical Center’s future. The Every Moment Counts campaign has been launched to help Ridgeview continue to provide the highest R level of health care and to help achieve better outcomes for patients and families. At this critical time in the life of our organization, almost 100 percent of Ridgeview’s net revenue is required to maintain operations, leaving a very small percentage to invest in technology, facilities and new services. Thanks to the ongoing generosity of so many wonderful people in our community, fundraising events like Harvest Moon have a direct impact on the level and sophistication of health care that Ridgeview can provide. Thank you to everyone who made the evening such a wonderful success! Achieving a Healthy Balance Ridgeview Foundation’s 11th Annual Achieving a Healthy Balance women’s event took place in November with a sold-out audience. More than 200 women chose to spend the day with us at Oak Ridge Conference Center—finding a balance between learning, relaxing, eating and shopping. With more than 25 artisan exhibitors, our guests had many options from which to choose to support local businesses and get a bit holiday shopping done. Thank you to our sponsors for the day: Lake Region Medical; Emergency Physicians & Consultants, P.A.; Katherine Forrester of Northwestern Financial; and the Ridgeview Medical Staff. We could not celebrate our day without this important 6 F O U N D AT I O N F O C U S financial support. Thank you also to our many table sponsors and exhibitors. And thank you to Scott Elliingboe for our centerpieces and to Rising Star Dance Academy and Amy Jung of South Hill Designs for our attendee gift bags. The event raised more than $7,000 for Ridgeview Hospice. That’s an incredible response to our decision to make Achieving a Healthy Balance a benefit to you, our attendees and to Ridgeview Foundation. Ridgeview is thankful for our guests’ generous spirits and for seeing the value of quality hospice care in our region. Don’t miss your chance: Make tax-free gifts from your IRA today! The IRA charitable rollover legislation allows you to transfer up to $100,000 per year using funds from your individual retirement account (IRA) without undesirable tax effects. You may contribute funds this way if: • You are age 70½ or older at the time of the gift. • You transfer up to $100,000 directly from your IRA. This opportunity applies only to IRAs and not other types of retirement plans. • You transfer the funds outright to one or more qualified charities. The legislation does not permit direct transfers to charitable trusts, donor-advised funds, charitable gift annuities or supporting organizations. • You make your gift by Dec. 31, 2013. Q. Can my gift be used as my minimum required distribution under the law? A. Yes, absolutely. If you have not yet taken your required minimum distribution, the charitable IRA rollover gift can satisfy all or part of that requirement. Contact your IRA custodian to complete the gift. Q. Do I need to give my entire IRA to be eligible for the tax benefits? A. No. You can give any amount under this provision, as long as it is $100,000 or less this year. If your IRA is valued at more than $100,000, you can transfer a portion of it to fund a charitable gift. Q. I have two charities I want to support. Can I give $100,000 from my IRA to each? A. No. Under the law, you can give a maximum of $100,000. For example, you can give each organization $50,000 this year or any other combination that totals $100,000 or less. Any amount of more than $100,000 in one year must be reported as taxable income. Q. My spouse and I would like to give more than $100,000. How can we do that? A. If you have a spouse (as defined by the IRS) who is 70½ or older and has an IRA, he or she can also give up to $100,000 from his or her IRA. This information is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results. It is wise to consult with your tax professionals if you are contemplating a charitable gift under the extended law. Frequently Asked Questions: Q. I’ve already named your organization as the beneficiary of my IRA. What are the benefits if I make a gift now instead of after my lifetime? A. By making a gift this year of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jumpstarting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have already made by transferring that amount from your IRA under this legislation as long as it is $100,000 or less for the year. Q. I’m turning age 70½ in a few months. Can I make this gift now? A. No. The legislation requires you to reach age 70½ by the date you make the gift. Q. I have several retirement accounts—some are pensions and some are IRAs. Does it matter which retirement account I use? A. Yes. Direct rollovers to a qualified charity can only be made from an IRA. If you have a pension, profit sharing, 401(k) or 403(b) plan, you must first roll over all or a portion of that plan to an IRA. You can then use the funds from the IRA to complete the direct IRA rollover to qualified charity. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator. CONNECTING WITH COMMUNITY 7 490 S. Maple Street, Suite 110 • Waconia, MN 55387 www.ridgeviewfoundation.org • 952-442-6010 For news and event information from Ridgeview Medical Center and Clinics, join Ridgeview online: www.facebook.com/ridgeviewmedical www.youtube.com/ridgeviewmedical www.linkedin.com/company/ridgeview-medical-center https://health.ridgeviewmedical.org ©2013 Ridgeview Medical Center If you would like to stop receiving Ridgeview Foundation printed material, please send an email, including your name and address, to email@example.com or call 952-442-6010. Classes, events & ways to get involved Advance Care Planning . . . It Is About the Conversation It is important for people to have accurate information in order to make informed decisions about treatments they would or would not want for end-of-life care. It is important to talk about one’s wishes with the family members who may need to make health care decisions, and to record wishes in a document. Ridgeview Medical Center offers a free service to help people understand this process. Please join us for an information session that will explain why advance care planning is important and the steps involved. You will also have an opportunity to sign up for free assistance with this process. Sessions are held at Ridgeview Medical Center, 500 S. Maple Street, Waconia. Register online at www.ridgeviewmedical.org/ events or call 952-442-2191, ext. 5735. Saturday, Jan. 18, at 9:30 a.m. Monday, Jan. 20, at 9:30 a.m. Ridgeview Community Auditorium Provided with support of the Lake Town Associates office of Thrivent Financial, Waconia. Prediabetes Education Class Making lifestyle changes can help prevent the development of diabetes and improve the energy level for those diagnosed with prediabetes—those newly diagnosed prediabetic patients with HA1c: 5.7–6.4 or FBG: 100–125. This one-session educational class will provide practical information to help you: • Learn what prediabetes is and how it is diagnosed • Identify lifestyle changes that can prevent or delay the development of diabetes • Identify who is at risk for developing prediabetes • Set goals for making lifestyle changes • Understand continuation of care Fee: $20 Monday, March 17, 6:30–8 p.m. Ridgeview Medical Center 500 S. Maple Street, Waconia NOTE: The fee of $20 covers the participant and one family member/support person. When registering online, only enter a quantity of “1,” even if a support person is attending with you. 10th Annual Ridgeview Friends & Family “Come Together” Event Join Ridgeview Foundation, Ridgeview Medical Center, Safari Island and more than 40 other community organizations for a FREE, interactive healthy living event that promotes the health, wellness and safety of the entire community. Enjoy a wide range of activities and presentations designed for children and adults of ALL ages. • Kids will move their bodies in Youth in Motion Center • Live performances • Silver Sneakers® fitness class for active agers • 6th Annual On-Site Memorial Blood Center Blood Drive • Healthy snacks Saturday, March 22, 9 a.m. – Noon Safari Island Community Center 1600 Community Drive, Waconia This is a free event and advance registration is not required. For more information, call Ridgeview Foundation at 952-442-6010 or visit www.ridgeviewfoundation.org.