Pikeville Medical Center’s NICU Receives Grant from Kosair Charities for Cooling Blanket Therapy System

PMC’s NICU RECEIVES GRANT FROM KOSAIR CHARITIES  FOR COOLING BLANKET THERAPY SYSTEM 

PIKEVILLE, KY – Pikeville Medical Center (PMC) recently received a $59,000 grant from Kosair Charities to purchase a Temperature Management “Cooling Blanket Therapy” System for the PMC Neonatal Intensive Care Unit (NICU).  This temperature management system has the ability to cool a newborn’s body and brain temperature, potentially saving a baby’s life in certain situations.

“This is exciting news for our entire region,” explained PMC NICU Medical Director and Neonatologist Todd Hambleton, MD.  “A cooling system, by itself, is non-invasive – it requires no medication, no needles, and no incisions.  Unfortunately, some babies, even those born at full term, experience a lack of oxygen and blood flow to the brain shortly after birth.  Having this gives us another tool to help us treat babies who fall into this category.”

Cooling blanket therapy system in use

This system uses a technique called hypothermia treatment, in which the newborn is wrapped in a waterproof blanket that circulates cool water around a baby, lowering the body’s temperature to 92.3 degrees Fahrenheit.  Experts say decreasing the temperature cools the baby’s brain and body, reducing the risk of brain injury by as much as 50 percent.

“Thanks to this second consecutive grant from Kosair Charities, we can take another step forward in our mission to enhance our level of pediatric care at PMC,” explained PMC Vice President of the Board of Directors and CEO Donovan Blackburn.  “Every step we take allows us to potentially keep more families together and close to home when their child needs specialized care.  Not only will the babies receive the care they need, but their families will experience fewer emotional and financial burdens associated with traveling to receive care.”

“Kosair Charities is committed to enhancing the health and well-being of all children. We are grateful to fund a brand-new cooling blanket system for the Pikeville Medical Center NICU,” said Keith Inman, Kosair Charities President. “We hope this will provide comfort for not only the smallest of our Kosair Kids, but their families as well.”

PMC receives $59,000 grant from Kosair Charities

In 2020, PMC’s NICU doubled in size, increasing the number of beds from 8 to 16. In addition to being able to treat more babies, the increase of beds has advanced PMC’s level of care from a level II to a level II Advanced Care NICU.  This has allowed PMC physicians and staff to care for babies born earlier in the mother’s pregnancy. Previously, babies born sooner than 32 weeks had to be transferred to a higher-level facility.  However, the PMC NICU can now keep and take care of babies born as early as 28 weeks.

 

About Pikeville Medical Center

Pikeville Medical Center is 348-bed regional referral center and Kentucky’s only level II trauma center. PMC offers over 400 services, including every major specialty and many subspecialties, and features the region’s most advanced medical technology.

PMC employs nearly 3,000 people and has nearly 400 credentialed healthcare providers.

PMC’s mission is to provide world-class quality health care in a Christian environment. For more information, please visit www.pikevillehospital.org.

About Kosair Charities

Kosair Charities enhances the health and well-being of children by delivering financial support for healthcare, research, education, social services, and child advocacy. We envision a world in which children in need live life to the fullest. For more information, please visit www.kosair.org.

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9 Ways to Make an Impact with Your Planned Gift

There are a number of ways to meet your goals philanthropically, each with their own implications on your family and taxes. We are happy to talk through your ideas and goals to help create a strategy that maximizes all opportunities.

1. Outright gift of securities –

Provide immediate benefit to Kosair Charities by gifting stocks that have been held for more than a year and have a current value greater than their original cost. You will qualify for a current income tax deduction and receive relief from capital gains tax.

2. Gift in will or trust –

Designate Kosair Charities as a beneficiary in your will or trust and commit to our cause while avoiding estate tax. This is the most flexible type of planned gift and you may change your mind at any time.

3. Life insurance –

Gift your life insurance policy to Kosair Charities without disclosing it in your will. This allows you to make a large gift without affecting the assets you’ve accumulated to pass on to your loved ones. This option also provides an income tax deduction in the amount of the policy’s fair market value, and reduces the size of the taxable estate.

4. Charitable gift annuity –

Contribute an asset to Kosair Charities in exchanges for the promise of lifetime fixed payments for you or someone you select. Funds remaining after a lifetime of payments to the beneficiary will go to support Kosair Charities. You will also be eligible for an income tax deduction and capital gains tax avoidance by giving rather than selling, these assets.

5. Charitable remainder trust (CRT) –

Transfer your assets to a CRT to receive a fixed or variable dollar amount – depending on whether you choose a unitrust or annuity trust, respectively – each year for the rest of your life or a term of up to 20 years. Avoid capital gains taxes on the sale of your appreciated asset and receive an income tax deduction for the charitable portion of the trust. You can receive income to the extent that the trust has assets to pay out. This also shrinks the size of your taxable estate.

6. Savings bonds –

Leave your savings bonds to Kosair Charities to avoid paying income taxes on the deferred interest.

7. Retirement plan or IRA assets –

Leave your IRA or other assets to Kosair Charities in your retirement plan. We will receive all that is left of your retirement plan or IRA, whereas your loved ones will be exposed to income taxes as they access those funds at income tax rates.

8. Charitable lead trust (CLT) –

Transfer your assets to a CLT (the inverse of a Charitable Remainder Trust) to receive a gift or estate deduction for the present value of the charitable interest. This deduction allows you to pass on significant assets to family at a reduced gift or estate tax cost. There are various forms of a CLT, some of which provide additional tax benefits to you. Your tax professional can assist you in choosing the right vehicle for your goals.

9. Gift of real estate –

Gift appreciated property to Kosair Charities to qualify for a tax deduction and capital gains tax avoidance. Gifts of real estate can also be made through your will or living trust.

Brotherhood Banquet supports Kosair Charities and the Community

Elizabethtown, KY— June 17, 2020 — Members of the Elizabethtown Knights of Columbus and the RIASOK Shrine Club donated proceeds from the 55th Annual Brotherhood Banquet to Kosair Charities. The Brotherhood Banquet raised $38,000 this year through the dedication and efforts of the Elizabethtown Knights of Columbus 1455, RIASOK Shrine Club, the generosity of the event’s sponsors, and caring members of the Hardin County community. These funds will help children in need in the community through the work of Kosair Charities.

“The Kosair Charities family is thankful for the many years of dedication and support from the Brotherhood Banquet and the Elizabethtown Community,” said Keith Inman, Kosair Charities president. “Thanks to the generosity of the Knight of Columbus, RIASOK Shrine Club, and Elizabethtown community, Kosair Kids® have the support and resources they need to grow up happy and healthy.”

Tom Clark, Jr., local business owner and one banquet organizer, echoed this sentiment. “Thanks to the support of many Elizabethtown and Hardin County businesses and the generosity of many individuals to make this event and support possible,” said Tom. “Over the years, funds raised from this event have been invested in making life better for the children and families in our local community. Most recently, Hardin Memorial Health received funding for the new NICU through the Kosair Charities Gifts and Grants Program.”

The Brotherhood Banquet began with the vision of two men in 1965 – Thomas R. Clark, Sr., Grand Knight of the Elizabethtown Knights of Columbus, and William J. Harris, President of the RIASOK Shrine Club. They decided the two organizations should work together to raise money for Kosair Charities. Now, 55 years later, the Banquet is still going strong and supporting local communities because of their shared friendship.

Since its inception, the Brotherhood Banquet has raised almost $800,000 for Kosair Kids. Children in the Elizabethtown community benefit from this support through both the Kosair Kids Financial Assistance Program, which provides assistance for families in need of help with their children’s medical bills, as well as the Kosair Charities’ Gifts and Grants Program which provides financial support to local non-profits serving children.

Pictured: William J. Harris (left) and Thomas R. Clark, Sr. (right), Brotherhood Banquet founders, traded their organization’s traditional hats to display the unity behind the name “Brotherhood Banquet.”

Note – The banquet celebration was held on Saturday, March 7 prior to COVID-19 closures.

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About Kosair Charities: Kosair Charities enhances the health and well-being of children by delivering financial support for healthcare, research, education, social services, and child advocacy. We envision a world in which children in need live life to the fullest. For more information, visit kosair.org.

Kosair Charities COVID-19 Update: How you can help kids in your community

I hope you and your family are staying healthy amid the current crisis. It is an uncertain time for everyone as the world faces the COVID-19 (novel coronavirus) pandemic.

At Kosair Charities, our donors, volunteers, board, staff, and the children of our community are our top priority. We will continue to make every effort to mitigate the spread of COVID-19 by following the recommendations of our local health department, government, and CDC.

Children in our community need you now more than ever. The Kosair Kids Financial Assistance Program provides support for children and families who could not otherwise afford the cost of medical care, therapies, equipment, and devices. As a result of COVID-19, we anticipate a significant loss of revenue which may impact the program. These children are already a vulnerable population. Please consider making a gift to the Kosair Kids Financial Assistance Program today.

As the economy is shifting with the spread of the virus, we would like to remind you that we do accept gifts from Donor Advised Funds, or you can always make your gift online. Your support could mean a child receives the physical therapy they need to walk or the hearing aid they need to hear their parents say “I love you,” which is so priceless during these challenging times.

Thank you for your support,

Keith Inman
President, Kosair Charities

Your Savings, Your Legacy

Create your legacy with an IRA Charitable Rollover Gift

The IRA Charitable Transfer is an excellent way to make gifts and receive tax benefits in return. If you are 70 1/2 or older, you can use your IRA to support Kosair Charities through your required minimum distribution. Making an IRA charitable gift will lower the income and taxes from your IRA required minimum distribution this year.

Benefits for the Charitable IRA Rollover:

  1. Avoid taxes on transfers of up to $100,000 from your IRA to support our cause.
  2. Satisfy some or all of your required minimum distribution for the year.
  3. Reduce your taxable income, even if you do not itemize deductions.
  4. Make a gift that is not subject to the deduction limits on charitable gifts.
  5. Use your rollover to make payments on an existing pledge to us.

How to Donate

Contact our Development Office at (502) 637-7696 or asamblanet@kosair.org for more information.

IRA Rollover PDF

Smiles, Laughter Fill Kosair Kids Holiday Party

Smiles, laughter, and joy filled the Crowne Plaza, on December 2, during the annual Kosair Kids® Holiday Party.

Over 400 children from Kosair Charities partner agencies, and our Financial Assistance Program, attended the annual invitation-only holiday party. The party provides a safe and accessible holiday experience, allowing kids to be kids.

“It’s emotional, and very rewarding,” said Keith Inman, president of Kosair Charities. “To see these kids smile is a very heart filled moment.”

Thanks to donor support, every child ten and under received a new toy, book, and stuffed animal from the Louisville Zoo, as well as had the chance to create holiday crafts, play games, win a bike, meet Santa Claus, and much more.

“This is my 8th year planning the Kosair Kid Holiday Party, and it is my favorite event,” said Stephanie Smith, Events Director. “The months of coordination are all worth it when you see these kids’ faces light up as they enter the room. Their smiles are what keep the volunteers, and sponsors coming back year after year.”

View event photos

Support Kosair Charities this holiday season.

Kosair Charities, Jamon Brown Foundation Help West End Youth

A recent free football camp, as well as a trip to the Babe Ruth 13-year-old World Series, have received support from Kosair Charities in collaboration with the Jamon Brown Foundation. Kosair Charities aided in the cost of the annual Jamon Brown Football Camp this July, led by it’s namesake who is a Louisville native and […]