Your gift to Lakewood Hospital Foundation can be permanently recognized when you establish an endowed named fund. Endowment funds offer lasting financial resources because of the income generated through careful investment management. When you establish an endowed fund, you may specify the program or service you prefer to benefit. Contributions to your fund qualify for charitable income tax deducations as provided by law and may reduce any applicable gift or estate taxes. Investment income is credited proportionally to each named fund in Lakewood Hospital Foundation's portfolio and is used exculsively for the respective fund's stated purpose. Your fund's principal amount is protected and may never be spent. A minimum gift of $10,000 given over a period no greater than three years, will establish an endowed named fund. Contributions can include gifts of cash or other assets.