Questions surround future of $14M Cadillac Mercy Hospital Foundation endowment

The Cadillac Mercy Hospital Foundation's $14 million endowment will stay with Livonia, Mich.-based Trinity Health, which plans to sell Mercy Hospital Cadillac (Mich.) and Mercy Hospital Grayling (Mich.) to Traverse City, Mich.-based Munson Healthcare next month, according to a Traverse City Record-Eagle report.

The endowment was established following a $10 million donation to Mercy Hospital Cadillac in 2011 by Cadillac residents Helen and Harvey Pell, according to the report. Trinity owned the Cadillac hospital at the time.

Trinity President and CEO Roger Spoelman told the Traverse City Record-Eagle that Trinity and Munson will not spend the money on anything except to benefit the Cadillac hospital and community. It has not yet been determined exactly how the money will be spent.

A local board will make a recommendation, "and no changes will come to the foundation's spending policy unless its governing board and Munson Healthcare Cadillac Hospital board of trustees agree," according to the report.

But the Pells' granddaughter, Helen Lehman, has asked that the money be moved to the Cadillac Area Community Foundation, as her grandfather would want the funds managed in Cadillac, according to the report.

Ms. Lehman told the Traverse City Record-Eagle that the family plans to file an injunction against Trinity, although, "We would much prefer to sit down and work this out with Trinity."

 

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