Year End 2012 Campaign Update by Swedish Medical Center Foundation

Campaign Update Swedish Medical Center

Year End 2012

The Campaign for Swedish surpasses initial $100 million goal It’s not too late to participate in the Campaign

Fundraising to continue during “Homestretch”

There are several reasons donors should consider a

The Campaign for Swedish was launched at Swedish

gift to the Campaign before year-end:

Medical Center in January 2007, with the vision of creating the region’s first broad-based, full-service, non-profit health

FIRST, there is a negative cash flow impact if a chari-

system that is nationally and internationally known for

table gift is delayed until 2013. Delaying gifts now requires

providing exceptional care. The Campaign’s $100 million

the donor to pay more in taxes on the income not donated

seven-year goal was ambitious: never before had Swedish

in 2012, while the tax savings from a charitable deduction

undertaken such a major fund-raising initiative.

will be delayed until April 2014.

I am very excited to announce that The Campaign for

SECOND, both political parties have proposed tax legis-

Swedish has already raised over $105.5 million, exceed-

lation that would limit the future value of all deductions, includ-

ing our initial goal on July 31, 2012, more than 17 months

ing charitable gifts. If charitable gift deductions are limited

prior to the end of the formal Campaign period (December

to the 28% tax bracket, a donor in the 35% tax bracket would

2013). Our success is a testament to you.

save $3,500 in taxes for a $10,000 gift made in 2012, but only $2,800 if the deduction limit is imposed for 2013.

We are extremely grateful for your generosity, and the support of the more than 50,000 other donors who have

THIRD, even if tax rates are higher next year and

contributed to The Campaign for Swedish to date. With your

deductions are not limited, there is always a risk that stock

help, Swedish has launched more than 40 major programs

market values will drop next year. If a donor is interested

and projects during the last five-and-a-half years, spanning

in making a gift of securities, the possibility of reduction in

nearly every area of care.

market values next year may more than offset any possible value from taking the tax deduction in 2013.

But we are not finished yet. During the next 13 months of the “Campaign Homestretch” period, the Swedish Medical

Again, we thank you for making The Campaign for Swedish

Center Foundation will continue to partner with the com-

an early success. We look forward to your continued part-

munity to raise additional funds for existing programs.

nership during the “Campaign Homestretch” that will help

Support generated during the “Campaign Homestretch”

ensure Swedish remains a destination for world-class care.

will also advance new initiatives like The Lytle Center, which will offer access to comprehensive care for expectant families and provide an array of much-needed postpartum services for new mothers and their babies both before and

Don Theophilus Executive Director, Swedish Foundation

after they are discharged from the hospital. 1

campaignforswedish.org

With help from our generous donors, The Campaign for Swedish exceeds expectations CANCER INSTITUTE: $18,853,636

OTHER SWEDISH PRIORITIES: (includes Rivkin Center) $17,794,150 NEUROSCIENCE INSTITUTE: $17,377,743

UNRESTRICTED: $12,081,190

HEART & VASCULAR INSTITUTE: $11,985,659

COMMUNITY HEALTH PROGRAMS: $10,413,718

WOMEN & INFANTS: $ 4,946,359

CAMPUS SPECIFIC INITIATIVES: $ 4,609,348 SYSTEM WIDE INITIATIVES: $ 3,315,010

January 2007 The Campaign for Swedish begins

March 2007 First Campaign gift of $1 million received from Bill and Cheryl Gossman to advance care in pediatrics through simulation training

January 2007 Jonassen and Turner families each establish $100,000 endowed funds to support art at Swedish

campaignforswedish.org

May 2008 David and Sandra Sabey pledge $2 million to help establish comprehensive brain cancer program

December 2007 McDonald/Jonsson families make $3 million investment to launch Stellar Club program to inspire additional philanthropy from the community

July 2009 $3 million research grant from The Ben & Catherine Ivy Foundation creates the Ben & Catherine Ivy Center for Advanced Brain Tumor Treatment

April 2009 The True Family makes a $2 million gift to launch an $11 million effort to open the True Family Womenâ&#x20AC;&#x2122;s Cancer Center

$ 50M

January 2010 Campaign reaches half-way point; over 39,000 donors have participated

Thanks to more than 50,000 community members who made gifts to help improve the health and well-being of our region, Swedish Medical Center Foundation is proud to report that The Campaign for Swedish has reached its initial $100,000,000 fundraising goal 17-months early. On behalf of the 2,000,000 patients who have benefited, thank you.

Campaign still seeking gifts for critical needs down the “Homestretch” The Campaign for Swedish began over five years ago on January 1, 2007, with an ambitious goal of improving the care we provide to patients in some of the most important areas of health care, including Women & Infants programs, cardiovascular care, cancer and the neurosciences. The response from the community has been overwhelming. Below are just a few facts and figures that highlight how much our friends and neighbors value the important role Swedish plays in the overall health of our region: – There were more than 50,000 donors to the Campaign, with gifts ranging from $1 to $3,000,000.

$10,000,000 a year. Today, Swedish benefits from nearly $20,000,000 annually in community support. While we are grateful for the overwhelming support we have received, we are not yet declaring victory. We will continue to rely on support from the community to meet some of our most pressing needs. Over the course of the next 13 months — through December 31, 2013 — we are entering the “Campaign Homestretch.” Gifts generated during the Homestretch period will be used to support a wide variety of programs throughout the health-care system. Additional support is needed to achieve remaining priorities, as well as to meet the increased patient volumes generated thanks to new programs and services created during the Campaign.

– Generous donors gave 26 gifts of $1,000,000 or more. – Swedish employees have donated over $1,300,000.

On behalf of all of us at Swedish who benefit from your generosity — the doctors, nurses, and patients — thank you for helping us reach our initial $100,000,000 goal. Together, we’ll continue to make a lasting impact on the health of our community.

– The average gift size to the Campaign was $350. – Over $11,800,000 was donated by Swedish’s own physicians and physician groups. – Before The Campaign for Swedish began, community members contributed $8,000,000 –

May 2010 Swedish Heart & Vascular Institute receives two generous gifts to advance research and patient care: $1.5 million from the John L. Locke Jr. Charitable Trust and $1 million from Joe Clark

August 2010 $1.5 million given by 450 donors to expand the Neonatal Intensive Care Unit

November 2011 Swedish/Edmonds gala raises $420,000 to support the funding of charity care and a major expansion of cancer services

December 2010 Since the beginning of the Campaign, nearly $900,000 has been contributed from Swedish employees

August 2011 Bob and Pattie Arnold endow new medical director for Heart Failure Program with $2 million gift

April 2012 The MS Center at Swedish opens thanks to $3.6 million in generous gifts

December 2011 Child life specialists at Swedish/Issaquah are funded by generous support from Mary Pigott

$ 100M

July 2012 Initial Campaign goal reached

June 2012 The True Family Women’s Cancer Center opens, funded entirely from $11,000,000 in community support from 2,500 donors

October 2012 through December 31, 2013 The Campaign enters the “Homestretch” as we continue to seek gifts for critical needs

October 2012 Lytle family gives $1 million to create The Lytle Center for Pregnancy & Newborns

campaignforswedish.org

Up Close

Highlighting a “Campaign Homestretch” priority: The Lytle Center for Pregnancy & Newborns The newest “Campaign Homestretch” initiative, The

and babies. The Lytle Center will also contain areas for

Lytle Center for Pregnancy & Newborns, has been named

educational programs, fitness activities, community

for a generous $1 million leadership gift pledged in Sep-

and patient support groups, and retail sales of physician-

tember 2012 by longtime Swedish