August 16, 2017
The Lewis-Clark Valley Healthcare Foundation held the initial meeting of its local Board of Community Advisors Wednesday night. The meeting was held at the Carondelet House in Lewiston, Idaho. The Board was appointed by Lawrence Wasden, Idaho Attorney General. Idaho Trust Bank is Trustee of the foundation.
“The Board of Community Advisors serve a vital role in connecting the community with the charitable funds to be distributed within the St. Joseph Regional Medical Center’s service area,” said Thomas Prohaska, President of Idaho Trust Bank. “We look forward to working with Chairman Mark M. Havens and the rest of the board.”
The foundation was established as a requirement of the sale of St. Joseph Regional Medical Center in May. The foundation will eventually receive total funding of $25 million. To date, the foundation has received $2 million. It has also been deeded ownership of the Carondelet House. However, the foundation does not own the real estate where the house is located across the street from SJRMC. “Additional funding of the foundation is not expected until late in 2017 or early 2018,” according to Prohaska.
The foundation has current plans to hold a meeting in the fall that will be open to the public. At that time, “the foundation will provide a forum for information to assist the community in better understanding the foundation’s purposes,” said Prohaska. Idaho Trust is assembling a team of local talent to assist in foundation operations. It includes Doug Barton, former Foundation Executive Director, of the St. Joseph Regional Medical Center and the law firm of Creason, Moore, Dokken and Geidl.
Idaho Trust Bank was founded in 1994. Today, it is the largest fiduciary among Idaho’s community banks. The Bank manages and advises on nearly $400 million of assets for clients in Idaho and around the western United States. The foundation is being administered out of the Bank’s North Idaho branch in Coeur d’Alene. The Bank is headquartered in Boise.