All you need to know about UNTH Foundation Endowment Fund
Welcome! We are excited to present our endowment fundraising communication pamphlet, highlighting the overwhelming need and how you can contribute to the growth and success of the University of Nigeria Teaching Hospital (UNTH) and its Foundation as a foremost tertiary public healthcare institution. By establishing an endowment fund, we aim to secure a sustainable future for our institution, enabling us to provide unparalleled cost-effective, quality, available, and accessible tertiary and primary healthcare services for our people.
What, How, and Benefits of the Endowment Fund
The UNTH Foundation Endowment Fund is a financial vehicle established by the UNTH Foundation as a not-for-profit institution aimed at supporting the University of Nigeria Teaching Hospital (UNTH) to provide affordable and quality healthcare services. As with many prestigious public institutions as charitable foundations, the primary goal of our endowment fund is to raise and preserve dedicated funding that will be used by the Foundation to continuously support healthcare service delivery, training, and research, such as the procurement of hospital equipment, the expansion of departmental infrastructure and services, research, personnel training and exchange programs, grants, or other designated activities that align with the objectives of the foundation, the mission of UNTH, and the expectations of the donors. The Endowment Fund is structured to play a crucial role in ensuring long-term healthcare service delivery viability and impact in the South East geopolitical zone and across Nigeria as a whole. It is managed by professional investment managers and/or financial institutions with the mandate to achieve growth and stability. The funds are to be invested across a diversified portfolio of assets and other financial instruments to generate returns over the long term and establish a sustainable and reliable source of funding for the foundation initiatives, ensuring long-term success and impact. And as with many other endowment funds, 70% of all funds raised will be held in perpetuity, meaning they will be preserved and invested to generate income year after year, ensuring sustainable funding for the designated purposes, while 30% of the raised funds and annual income from the invested funds per annum will be plugged into the immediate support by the Foundation for healthcare service delivery programs in UNTH and across the South East.
How the Endowment Fund is to Impact Public Healthcare at UNTH and Across the South East
Your donation to the endowment fund will make a significant impact on public healthcare in the following ways:
- Supporting healthcare facilities and infrastructure: The Endowment Fund is designed to improve and support the expansion of UNTH 500-bed inpatient wards (currently spread across 30 wards), and the surgery and anaesthesia services facilities have 16 theatres spread across the hospital, with 10 main theatre complexes and 2 cardiothoracic, accident/emergency, and eye theatres, respectively. These funds will be invested in supporting the renovation, expansion, and construction of new buildings, purchasing state-of-the-art medical equipment, or upgrading existing infrastructure so as to further enhance the hospital’s capacity to provide quality, cost-effective, and available healthcare to the public.
- Funding medical and biomedical research: The endowment funds will support medical research initiatives, enabling the development of new treatments, cures, and innovations in healthcare. The fund will provide resources for the hospital, university, and other relevant stakeholders to conduct groundbreaking studies and trials. This is to help advance public healthcare knowledge, improve patient outcomes, and foster healthcare-related entrepreneurship.
- Enhancing community health programs: The Endowment Fund will support community health programs that address specific public health challenges. It will be used to develop and implement initiatives related to disease prevention, health promotion, and healthcare access for underserved populations and indigent patients. It will improve public health outcomes, reduce healthcare disparities, and ensure that everyone has equal access to quality, cost-effective, and available healthcare services.
- Funding healthcare personnel capacity building, scholarships, and fellowships: The endowment fund will also support capacity building initiatives, exchange programs, scholarships, and fellowships for healthcare professionals at UNTH and across public healthcare institutions in the South East, such as doctors, nurses, and researchers. The fund will provide financial aid to cover tuition fees, support research projects, or fund clinical training. This is to further help attract and retain talented healthcare workers, ensuring a skilled workforce and improving the overall quality of healthcare services.
- Sustainability and resilience: The endowment fund is designed to support UNTH with a stable and reliable source of income for public healthcare services. The foundation’s goal is to be able to contribute at least 10% of the hospital infrastructure, projects, and research funding needs in the next 3 years and 30% in the next 6 years through the endowment fund’s and grant-driven initiatives. This is to enhance the hospital’s financial stability and ability to plan for the long term, expand their services, and navigate economic uncertainties.
- Collaboration and partnerships: The endowment fund will encourage the Foundation and UNTH to collaborate and partner with the relevant state and non-state public healthcare and research institutions and philanthropic entities to tackle complex healthcare challenges more effectively.
How Can You Contribute?
The UNTH Foundation Endowment Fund offers a range of giving opportunities to suit your philanthropic goals and donations. You can consider the following options:
- One-time Donation: Make a generous one-time contribution to our endowment fund.
- Monthly/Annual Giving: Commit to providing ongoing support through recurring donations.
Donor Categories
| Category | Donation Range |
|---|---|
| Silver | Under N1,000,000 |
| Gold | N1,000,000 – N19,000,000 |
| Platinum | N20,000,000 – N49,000,000 |
| Ruby | N50,000,000 – N79,000,000 |
| Onyx | N80,000,000 – N99,000,000 |
| Sapphire | N100,000,000 – N199,000,000 |
| Diamond | N200,000,000 Plus |
- Named Giving: Leave a lasting legacy by establishing a named fund, scholarship, or program in honor of yourself, family, a loved one, or your organization. this for us may include donating to/for new and existing buildings, units, departmental expansion, grants, scholarships, etc.
- Adapt a Ward Initiative: UNTH is a full-service medical centre with 30 wards and more than 500 beds. Through the “Adopt a Ward initiative,” contributors can finance the renovation and upgrading of one or more wards within a specific time frame, following UNTH rules. Throughout and after the time of their sponsorship, each ward will proudly display the names and identities of all donors.
- Planned Giving: This for us involves including the UNTH Foundation in your estate planning, wills, or trusts to ensure your legacy lives on through the endowment fund to keep supporting quality, cost-effective, accessible, and available public healthcare services, research, and personnel training.
- We also accept Corporate Partnership and Matching Gift Programs: ‐ in this case, the endowment fund is open to receiving donations from corporate (public and private) entities as public social responsibilities and/or matching gifts from groups, cooperatives, and the like.
How to Get Started
To contribute to our endowment fund or discuss personalized giving options, we encourage you to contact the Foundation Office at +234 (0) 806 826 5187, +234 (0) 802 327 9258 or endowment@unthfoundation.org Our team will be delighted to answer any questions you may have and guide you through the donation process.
Making a Lasting Impact
There are several benefits to contributing to the Endowment Fund:
- Long-term impact: By contributing to the endowment fund, you are making a lasting impact on public healthcare at the University of Nigeria Teaching Hospital, South East, and across Nigeria. Your donation becomes part of the principal amount, which is invested to generate income. This income is used to further facilitate access to quality, cost-effective, and available tertiary and primary healthcare services and research at UNTH in perpetuity. Your contribution continues to benefit public healthcare services and development long after you have made the donation.
- Donor recognition and legacy: Your contributions to the endowment fund will be recognised and celebrated. The Foundation honours donors by naming funds or initiatives after them (individuals, families, groups, or corporate entities) as a way of acknowledging their philanthropy and commitment. By contributing to the endowment fund, you have the opportunity to leave a lasting legacy and be remembered for your generosity and support.
- Fulfilment of personal values: Contributing to the endowment fund allows you to align your giving with your personal values. Supporting public healthcare is fulfilling, and we are providing an opportunity to make donations that resonate with your values, make a meaningful contribution to a cause that is important to you, and make a difference in society.
- Perpetual giving: Our endowment fund enables perpetual giving. Unlike donations that are spent immediately, contributing to the endowment fund allows your gift to continue giving indefinitely. Instead of a one-time impact, your donation becomes a long-term investment in the foundation’s mission and work.
- Support financial stability for the foundation: The Endowment Fund is structured to provide a stable and reliable source of income for the foundations. By contributing to the endowment, you are helping to ensure the financial sustainability of the foundation. This stability allows the foundation to plan for the future, expand its programs and services, and weather economic uncertainties while facilitating access to public healthcare, especially for the indigent.
Frequently Asked Questions
a. What is the UNTH Foundation Endowment Fund?
The UNTH Foundation Endowment Fund is a pool of financial assets designed to provide funds for facilitating access to cost-effective, quality, available, and accessible healthcare services and research in UNTH and across the South East. 70% of the principal amount of the endowment is preserved, and only a portion (30%) and investment returns per annum (from the preserved funds) will be used to continuously support the foundation-designated programs.
b. How does the UNTH Foundation Endowment Fund work?
When you contribute to the endowment fund, 70% of your donation is invested to generate income. This income is then used to support the foundation’s activities or designated programs. The goal is to maintain the principal amount of the endowment fund and ensure its long-term growth, allowing for sustainable support over time.
c. Why should I donate to the Endowment Fund?
Donating to the endowment fund allows you to make a lasting impact. Unlike a one-time donation, the endowment fund generates income in perpetuity, providing ongoing support to UNTH and public healthcare in the South and across Nigeria. Your donation becomes a sustainable source of funding that can help the foundation achieve its long-term goals.
d. Can I specify how my donation is used within the endowment fund?
In most cases, you can specify how you want your donation to be used within the endowment fund. This could include supporting a specific program or initiative, creating a named program or initiative fund, or contributing to the general endowment for overall public healthcare support. It’s important to discuss your preferences with the foundation to ensure your wishes are honoured.
e. How will the Endowment Funds be managed and invested?
The donated endowment funds will be managed by an investment committee and professional investment managers. Their mandate is to maximise the fund’s return while managing risk. This will be guided by the foundation’s investment policy statement, which outlines the guidelines for managing the endowment fund.
f. Can I contribute to the endowment fund through planned giving?
Yes, the foundation offers the option to contribute to the endowment fund through planned giving. This may include one-time donations, monthly or annual giving, name-giving, planned giving such as establishing a charitable remainder trust or gift annuity, or donating appreciated assets such as stocks or real estate, and inclusion of the endowment fund in your will. We also accept corporate partnerships and matching gift donations from individuals, groups, and cooperatives.
i. How can I get more information about donating to an endowment fund?
To learn more about donating to the Endowment Fund, it is best to contact the Foundation directly. We will provide you with detailed information about the endowment fund, giving options, and the impact your donation can make.
Conclusion
We invite you to join us in our mission to facilitate access to cost-effective, quality, available, and accessible healthcare services in UNTH, the South East, and across Nigeria.
