Charles Regional Medical Center Foundation, Inc.

The Charles Regional Medical Center Foundation, Inc. is a 501(c)(3) nonprofit organization, designed to support the mission of the University of Maryland Charles Regional Medical Center. Its primary purpose is to raise funds and provide charitable support to enhance healthcare services in Charles County and the surrounding areas.

Purpose

The foundation focuses on gathering contributions primarily for charitable purposes, with its revenue sources primarily consisting of donations and investment income[4]. It operates under the broader framework of fostering national or international activities in areas like education and public safety.

Financial Overview

As of recent financial reports, the foundation has total assets valued at approximately $6.1 million, with a significant portion of its expenses dedicated to operational costs, such as salaries and wages[4]. Contributions form the bulk of its revenue, followed by investment income.

Activities

The foundation engages in fundraising activities and directs the funds towards various healthcare initiatives, contributing to the overall wellbeing and healthcare needs of the community served by the University of Maryland Charles Regional Medical Center.

Governance

The organization is managed by a board of directors composed of community leaders and healthcare professionals. This governance structure ensures that the foundation maintains a strategic focus on community healthcare needs, aligning itself with the overarching goals of the medical center it supports.

Community Impact

By providing supplementary funding beyond the hospital's core operational budget, the foundation enables the enhancement of medical services, equipment, and programs. This commitment to excellence in healthcare reflects a broader dedication to improving health outcomes for residents of Southern Maryland.

[1] https://charleslea.org/foundation-history/ [2] https://en.wikipedia.org/wiki/University_of_Maryland_Charles_Regional_Medical_Center [3] https://msa.maryland.gov/msa/mdmanual/25ind/priv/html/medf.html [4] https://projects.propublica.org/nonprofits/organizations/521414564 [5] https://www.usacs.com/locations/um-charles-regional-medical-center