Recent huge losses in stock markets around the world are being felt here at home.
Specifically, they are affecting how much money the Grey Bruce Regional Health Centre Foundation will be able to give the hospital through its endowment funds.
Endowments are donated to and invested by the Foundation.
The money the funds earn is then donated to the hospital for much-needed equipment.
Foundation Executive Director Paul Weitendorf says the downturn in the economy is a concern for them, especially when the needs of the hospital remain the same.
Weitendorf says not having the usual income from the endowment funds will make the annual Spring and Christmas fundraising campaigns more critical.
Weitendorf says the endowment fund is made up of conservative investments, intended to earn money over the long term.
He says however, the current downturn is strong enough to result in less revenue to help the hospital.
Weitendorf says deciding on disbursements from the endowment fund is still a couple of months away.
He says with the markets varying from day to day, he can’t say exactly how much the fund will be down at that time.
Weitendorf wants people to understand that the current market conditions have no effect on money raised in the Christmas and Spring campaigns.
