An anonymous donation of $22 million has been made to the Yarmouth Hospital Foundation.
The massive donation was announced Wednesday during a livestream.
Managing Director of the Yarmouth Hospital Foundation, Paulette Sweeney-Goodwin, talked about what the donation will mean for the future of the community.
“This will have ramifications for generations,” said Sweeney-Goodwin. “It certainly means that we can do just that much more to support and enhance healthcare in our community.”
The Foundation has invested the donation. Up to 5 per cent of the initial donation, amounting to at least $1,000,000 annually, will be allocated from the income it generates.
The Foundation says 85 per cent of that will go to equipment, special projects and program enhancements at the Yarmouth Regional Hospital. 15 per cent will go to programs and services, outside the hospital walls as long as they enhance the health and wellness of the region.
The donor has wished to remain anonymous and receive no personal recognition.
