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Legacy Gift Inspired by Family Ties
4/6/2015
Healthy Life

“North Shore Medical Center is in my blood,” says Mike Davenport, whose family’s relationship with the hospital spans more than 80 years. 

A lifetime trustee, Mike has been involved as a donor and a volunteer, continuing the service of his late father, Horace “Davvy” Davenport of Swampscott (above, left in photo). The Davenport name graces a building at Salem Hospital as well as an endowed fund at NSMC. And now, thanks to a generous gift in Mike’s estate plan, the Davenport legacy will live on for generations.

Mike and his wife, Karen, have provided for the Davenport Fund in their will. The Davenport Fund is endowed, which means that the principal is invested and only a portion of the interest is spent each year. In this way, the principal in the fund is never depleted and the interest earned each year is divided between reinvestment in the fund and funds available to the medical center for various uses. Assuming that the economy remains relatively strong, the fund will grow over time while concurrently providing for program improvements at NSMC. An endowed fund provides security for the future and ensures that the programs being supported through the fund will also be supported annually.

“The Davenport  Fund is the largest single endowed fund at the hospital,” says Sara Andrews, Senior Vice President of Development at NSMC and Chief Development Officer at Partners HealthCare. “We are deeply grateful to the Davenport family for their generations of giving.” Since 1976, the fund has provided more than $4.2 million in support of infrastructure and other capital improvements at NSMC.

“The hospital and my family go back a long way. I’ve always felt strongly about NSMC and its role in the community,” says Mike, who ran several businesses on the North Shore before establishing a planned giving consultancy with his wife.

“North Shore Medical Center has been critical in bringing world-class medical care to the North Shore,” he adds. “The quality of the doctors and specialists available make the modern-day North Shore a much more attractive place to live.”

For more information on planned giving, please contact Sara Andrews at 978-741-1242 or email her at sandrews1@partners.org.

North Shore Medical Center (NSMC) is a multi-site health system headquartered in Salem, Mass., which includes NSMC Salem Hospital, NSMC Union Hospital in Lynn, MassGeneral for Children at North Shore Medical Center, NSMC Heart Center, and the physician network known as North Shore Physicians Group. NSMC and Massachusetts General Hospital together provide care at the Mass General/North Shore Center for Outpatient Care and the Mass General/North Shore Cancer Center in Danvers. NSMC is a member of Partners HealthCare, which was founded by Massachusetts General Hospital and Brigham and Women’s Hospital. #northshoremed

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