Caldwell County Hospital Foundation, Inc. was formed in 2005 to promote, develop and inspire philanthropy for the benefit and support of Caldwell Medical Center (1) which in turn, will benefit the community and individuals served by the medical center. The mission of the Foundation is to enhance and improve the quality of life for all members of the community through the solicitation, development, promotion and stewardship of charitable gifts and grants to be utilized for the improvement of the facilities, equipment and overall operation of Caldwell Medical Center.
All funds received by the Foundation, whether by gift, bequest or grant, will be utilized exclusively for the improvement of the facilities, equipment and overall operation of Caldwell Medical Center. The board of directors of Caldwell County Hospital Foundation, Inc. will oversee the investment, management and distribution of such funds such as to support and improve the healthcare services provided by Caldwell Medical Center for the benefit of the citizens of Caldwell County, Kentucky and the surrounding communities. All such funds shall be maintained in accounts separate from the operating funds of Caldwell Medical Center and shall only be distributed to Caldwell Medical Center after the board of directors of the Foundation has identified a specific need of the medical center and determined that a disbursement for such need will result in a direct improvement of the overall operation of the medical center and will allow the facility to better serve the interests and healthcare needs of the citizens of Caldwell County, Kentucky and surrounding communities.
(1) Caldwell Medical Center is operated by Caldwell County Hospital, INC. Which has been granted 5019(c)(3) tax-exempt status by the Internal Revenue Service.