Anonymous donor gives $22M to Yarmouth Hospital Foundation

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The majority of the funds generated from the $22 million donation will be spent on equipment and programs at Yarmouth Regional Hospital. (Robert Short/CBC - image credit)
The majority of the funds generated from the $22 million donation will be spent on equipment and programs at Yarmouth Regional Hospital. (Robert Short/CBC - image credit)

Rumors were running wild through Yarmouth, N.S., that a big announcement was coming from the charitable foundation that helps supports the local hospital. But just how big it was came as a surprise to everyone.

"Yes, you heard me correctly — $22 million. And I think I detect a few wows out there," Dr. Howard Cook, chair of the Yarmouth Hospital Foundation, said Wednesday morning at a virtual press conference held at the Yarmouth Regional Hospital.

Cook said it is by far the largest single donation the foundation has ever received. It came from a donor who wishes to remain anonymous.

"It really is a game changer in terms of the opportunities that will now exist for the foundation," said Dr. Brendan Carr, CEO of Nova Scotia's health authority. "I know they will use this as an opportunity to continue to engage many partners in the spirit of how we can do our very best for health care within the southwest region of Nova Scotia."

The foundation will be investing the gift to maximize its amount. Up to five per cent of the donation, amounting to $1 million annually, will be allocated from income generated.

The foundation is planning to direct 85 per cent of the allocation to equipment, special projects and program enhancements at Yarmouth Regional Hospital. The remaining 15 per cent will be allocated to programs and services operated by the foundation in the local community.

"This is truly an exceptional and extraordinary situation that we are now in," said Cook. "It just feels really good to celebrate that this is going to have a long-time impact on our community."

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