COLUMBIAMEMORIAL.ORG EARLY SPRING 2024 3 4 primary funding sources: new debt, cash reserves, philanthropy and grants BUILDCMH EXPANSION PROJECT: FOUNDATION NEWS Astoria community member donates $250,000 Moreland serves on the CMH Foundation Board and Finance Committee Astoria resident Linda Moreland recently pledged a generous gift of $250,000 to the BuildCMH Expansion Project. Moreland has served on the CMH Foundation Board and CMH’s Finance Committee for 10 years. She joined the groups after she moved to the Oregon coast from Portland. She is the board’s chair. “My reason for making this gift to the project is really because of my volunteer service with the Foundation and the hospital,” Moreland says. “Over many years, I’ve gotten to know the hospital, its finances, operations and its management team. I really have a lot of trust in the organization and the leadership.” Moreland has dedicated her time in Astoria to serving the community through organizations such as CMH and the Assistance League. She previously worked at M25 Advisors and Thrivent Financial. She worked with her financial adviser to plan out a gift to the BuildCMH project. The pair decided to fund the gift through appreciated stock. “I’ve been a saver all my life, so I was able to take care of some stock that I had in my portfolio and use that to fund a gift,” Moreland says. “The nice thing about giving with appreciated stock is you’re actually using money that you would have paid to the IRS to help fund your gift. It’s a way to leverage assets and make a larger gift than you might have otherwise thought was feasible.” ‘Wonderful for the community’ As a CMH Foundation Board and Finance Committee member, Moreland has been updated as the BuildCMH project moves forward. “I’m very impressed with the planning work that’s been done on the BuildCMH project so far,” she says. “I’m really excited to see the new hospital being built. I think it’s going to be wonderful for the community.” She cites the CMH-OHSU Knight Cancer Collaborative, which opened in 2017, as one of the reasons she was encouraged to make a gift to the expansion project. The Cancer Collaborative is CMH’s most recently built facility. Moreland says she has seen and experienced how great a facility and resource the collaborative is while living in Astoria. “[The project] is important to me personally as a resident of Astoria and to the wider community and southwest Washington. I think improving health in the community is one of the most important reasons for giving.” Moreland hopes her donation inspires others to make a donation of their own to the project. “I’m hopeful that other members of both the Board of Trustees and the Foundation Board will join me in this challenge and consider making a gift of their own so that we can help do our part to fund the new hospital.” BuildCMH by the numbers Winter 2024: when groundbreaking on the expansion facility will begin 2 years: the expected duration of time the construction will take 50: the anticipated number of new jobs that will be created with the expansion 47 years: age of the current facility (opened in 1977) $4.5 MILLION: the amount of money raised so far by community donors $0: the amount of local tax dollars that will be used for the project $225–250 MILLION: the expansion project’s estimated budget $10 MILLION: the amount of money the CMH Foundation is hoping to raise for the project
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