Gifts to create or enhance endowed funds are invested and the income generated annually is used to support the selected program or service, thereby creating a permanent source of financial support. Endowed Funds are a true investment in the future of Reading Hospital and our mission to Advance Health and Transform Lives.
Scholarships
- Reading Hospital School of Health Sciences: Scholarships help to alleviate financial burden of tuition and other school related expenses.
- Reading Hospital Colleagues: Scholarships through the Nursing Excellence Fund support educational opportunities to colleagues to enhance schoolwork and attend conferences.
Chairs
Endowed directorships and professorships provide a steady and predictable flow of funds in perpetuity, allowing Reading Hospital to strengthen the quality of our programs and services beyond levels that other funding sources alone could support. Funds will be used to advance patient care, research, and recruit and retain the highest quality medical leaders, build expertise and compete for talent who are in demand worldwide.
Endowed Professorship & Director, Transplant Surgeon
The Transplant Surgeon Professorship & Director will support an outstanding leader in transplant surgery whose work leads to new standards of care and who embodies professional excellence and pioneering spirit.
Endowed Directorship, Radiation Oncology
The Radiation Oncology Directorship will support an outstanding leader in radiation oncology whose work leads to new standards of care and who embodies professional excellence and pioneering spirit.
Endowed Directorship, Medical Oncology
The Medical Oncology Directorship will support an outstanding leader in oncology who represents the highest standards of excellence.
- Research
- Program Operations
Endowment Fund Frequently Asked Questions
What is an endowed fund?
Endowed funds are restricted funds where the donor’s intent is for the gift to last into perpetuity. A principal amount is agreed upon and will never be invaded; however, a portion of the interest received from the principal is allotted for yearly expenses.
How do I establish or contribute to an endowed fund?
Anyone interested in supporting new endowed fund should contact Katherine Thornton at Katherine.thornton@towerhealth.org or 484-628-2243.
What is the minimum gift level to establish an endowment fund?
The minimum gift level to establish a fund is $25,000. This minimum amount can be committed via a pledge and paid over a period of time or as a lump sum. The annual spendable amount will be calculated the year following the endowment becoming fully funded (minimum gift amount is met).