Newman Regional Health
Business Development & Marketing
1201 West 12th Avenue
Emporia, KS 66801
(620) 343-6800 x22524
www.newmanrh.org
FOR IMMEDIATE RELEASE
December 30, 2019
Newman Regional Health Foundation Transfers Assets to Emporia Community Foundation
(Emporia, KS) — The Newman Regional Health and Newman Regional Health Foundation Board of Trustees have reached an agreement to dissolve the Newman Regional Health Foundation (NRHF) and transfer its assets to the Emporia Community Foundation (ECF), effective December 31, 2019.
“We are fortunate to have one of the larger and most respected community foundations in Kansas located right here in Emporia,” stated Bob Wright, CEO at Newman Regional Health. “Using the Emporia Community Foundation to manage and distrubute these funds reduces administrative and investment expenses. As a result, more funds are available to be used for the intended purpose of each donor.” UMB Bank will continue to manage the investment of the funds and disbursements will be made by the ECF as directed by designees of the Newman Regional Health Board of Trustees, and of an Advisory Board comprised of former NRHF Board members.
“UMB Bank has had the privilege to serve both the NRHF and the ECF for many years,” says Chris Calmer, Senior Vice President at UMB Bank. “It is an honor to partner with these great organizations and to see the significant impact they have within their community. We are excited for the growth of the ECF and look forward to serving with them for many more years to come.”
“The ECF welcomes the NRHF and looks forward to serving those funds,” according to Kay Lauer, ECF President. “Since both foundations have used UMB Bank for investments, it will be a smooth transition of the funds. For 25 years, the role the ECF has played in the greater Emporia community has developed and the addition of the NRHF will allow the ECF to play a more extensive role in the betterment of the region for all.”
Newman Regional Health’s largest annual fundraiser, Denim & Diamonds, will remain managed by their own Business Development department and their Finance department will continue to identify and apply for various grant opportunities available to the hospital, as they have in the past.
“We are excited to collaborate with ECF and continue to meet the needs of our community hospital through support of medical equipment purchases, healthcare scholarships, uncompensated care, and other hospital needs, as identified,” says Holly French, CFO at Newman Regional Health. “ECF is a strong partner in our community and will be a great support to Newman Regional Health.”
To learn more about the transfer, or how to make donations and/or bequests, please contact the ECF.
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Newman Regional Health
Business Development & Marketing
1201 West 12th Avenue
Emporia, KS 66801
(620) 343-6800 x22524
www.newmanrh.org
About Newman Regional Health: Newman Regional Health is a not-for-profit 25-bed Critical Access Hospital owned by the citizens of Lyon County, Kansas. Recognized as a Level 4 Trauma Center, Newman Regional Health provides inpatient acute and medical rehabilitation services along with a full range of emergency and outpatient care to patients of all ages in Lyon County and surrounding areas in East Central Kansas. Newman Regional Health offers 24/7 care with a newly renovated, state-of-the-art 19-bed emergency room and 10-bed Clinical Decision Unit. With a mission to improve health in the community by providing high quality care and a vision to be a valued, trusted partner and regional provider of exemplary services, Newman Regional Health receives recognition as a top Critical Access Hospital each year.
About Emporia Community Foundation: The Emporia Community Foundation (ECF) connects the diverse citizens and communities of Lyon and its six contiguous counties through the charitable actions of a variety of funds established for bettering the lives of individuals within its communities. As a 501c3 Foundation, the ECF continues the traditional Kansas heritage of providing nonprofit service and supporting the charitable giving requests of donors who wish to enrich the quality of life of local citizens.
About UMB Bank: UMB Investment Management is a division within UMB Bank, n.a. that manages active portfolios for employee benefit plans, endowments and foundations, fiduciary accounts and individuals. UMB Financial Services, Inc. is a wholly owned subsidiary of UMB Financial Corporation and an affiliate of UMB Bank, n.a. UMB Bank, n.a., is a subsidiary of UMB Financial Corporation.