THE HARTFORD DISPENSARY ENDOWMENT CORPORATION

THE HARTFORD DISPENSARY ENDOWMENT CORPORATION TO SUPPORT THE HARTFORD DISPENSARY HEALTH CARE SYSTEM AND TO SUPPORT OTHER COMMUNITY ACTIVITIES AND INITIATIVES THAT ARE IN LINE WITH ITS MISSION. THE HARTFORD DISPENSARY ENDOWMENT CORPORATION'S BOARD OF DIRECTORS IS COGNIZANT THAT THE HARTFORD DISPENSARY HEALTH CARE SYSTEM AND OTHER AGENCIES ARE SUBJECT TO SIGNIFICANT UNCERTAINTY IN THE FUTURE OF THE METHODS, AMOUNTS AND ADEQUACY OF THE REIMBURSEMENT FOR THE SERVICES IT PROVIDES TO THE COMMUNITY. MOST OF THE HEALTH CARE SYSTEM'S REVENUES ARE DEPENDENT UPON STATE FUNDING. THE DISPENSARY HAD EXPERIENCED GREAT CHANGES IN THE FUNDING IN RECENT YEARS. THE BOARD HAS AN OBJECTIVE TO BUILD ITS ENDOWMENT TO ENABLE THE HARTFORD DISPENSARY HEALTH CARE SYSTEM TO ENDURE THE LOSS OR REDUCTION IN FUNDING, WHILE CONTINUING ITS VITAL PROGRAMS FOR A PERIOD OF TIME. THE BOARD ALSO HAS THE OBJECTIVE TO PROVIDE THE HEALTH CARE SYSTEM WITH WORKING CAPITAL SUFFICIENT TO FUND CAPITAL PROJECTS SHOULD OUTSIDE FUNDING NOT BE AVAILABLE.