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Minneapolis (AP)

HCMC creates fundraising foundation

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The state's largest safety net hospital has created a foundation to raise money to support its programs and advocate on its behalf.

It's called the Hennepin Health Foundation and it will support the Hennepin County Medical Center in Minneapolis. The first meeting is Tuesday.

Money raised by the foundation will help pay for basic patient needs, support HCMC's teaching mission and help fund research.

It will also pay for advocacy work at the Legislature as the hospital faces big budget cuts due to the elimination of the state General Assistance Medical Care Program for poor adults.

HCMC assumes it will lose about $43 million in direct funding in the first year. The Hennepin County board is considering a 3 percent property tax hike to help cover it.