The Pharmacists Mutual Employee Foundation is an employee-funded and employee-managed charitable foundation. The Employee Foundation started in 1985 and, since that time, has contributed well over $300,000 to worthy causes in our local communities, as well as to the pharmacy community we serve. We prioritize building strong communities, supporting veteran programs, and supporting the markets we serve. Some of the charities we have supported include local and surrounding community schools and charities, Kossuth Regional Health Center, YMCA, Water's Edge Nature Center, and the local Performing Arts Center.
About the Employee Foundation
Employee Foundation Fund Drive
Since the Pharmacists Mutual Employee Foundation is 100% employee-funded, they hold an annual fund drive. This is one way for our employees to demonstrate our company core value of Citizenship by helping those in need. Each year the Foundation sets a stretch goal, and thanks to our employees, they typically meet or exceed the goal.
The Foundation also does some exciting recognition opportunities if employees meet certain pledge levels including, drawings for up to one week of PTO and a chance to join the sales team on their incentive trip.
Foundation Scholarships for Children of Employees
The Pharmacists Mutual Employee Foundation also offers a one-time $500 scholarship to every employee's child as they enter their first year of college. We also offer scholarships to graduate students in the fields of pharmacy or dentistry. This scholarship consists of $500 each year of enrollment in a Pharmacy Degree Program (years P1 to P4) or Dental Program.
Recent Donations
Donation Recipients
- Algona Fire Department
- Algona Rotary Club
- Algona YMCA
- American Institute for Historical Pharmacy
- Bancroft Fire Department
- Bloom Floral
- Boy Scouts
- Carnegie Center for the Arts
- Domestic/Sexual Assault Outreach Center
- Elderbridge Agency on Aging
- Exceptional Opportunities
- Horizons Unlimited
- Kossuth County Ag Museum
- Kossuth County Care Team
- Kossuth County Food Pantry
- Kossuth County General Assistance Fund
- Kossuth County Saddle Club
- Kossuth County Sheriff's Office
- Moving Veterans Forward
- NCPA DIR Legal Battle
- Patriot Service Dogs
- Project Hope
- Special Olympics of Iowa
- Students of Pharmacists Mutual Employees
- Winding Roads Lone Rock
Foundation History
The Pharmacists Mutual Employee Foundation officially began August 9, 1985, but the origin actually came from the actions of a committee, the "1984 Committee". The Pharmacists Mutual Board of Directors formed this committee in 1977 to begin planning for the company's upcoming 75th anniversary in 1984. The company has always had a philanthropic heart for our local communities and the businesses we serve. The committee, made up of employees, loved the idea of a Foundation to serve as the vehicle for ongoing charitable works.
The original Board of Directors for the Foundation were Kirk Hayes: President, Dick Thoreson: Vice President, Frank Gartland: Secretary, Ed Berg: Treasurer, Roger Ketchum, Ray Nielsen, and Rhonda Ostwald. The Foundation has been known by different names: Druggists Mutual Foundation, Pharmacists Mutual Foundation, and today it is known as Pharmacists Mutual Employee Foundation. From its very beginning, the Foundation has been funded and managed by the employees of Pharmacists Mutual, not the company. The latest name change is in recognition that this tradition continues today.
Funding for the Foundation comes entirely from contributions by the employees and directors of Pharmacists Mutual. The employees truly embrace the company's core value of "Citizenship" through their gifts to the Foundation. While giving is not required, typically 70-80% of Pharmacists Mutual's 300+ employees provide gifts on an annual basis. Through the generosity of these gifts, the Pharmacists Mutual Employee Foundation has provided over $300,000 in charitable gifts over the last five years alone! The Foundation is not run as an endowment and tries to provide gifting equal to contributions each year.
The Foundation has three primary charitable priorities within their Charitable Giving Policy that guides the Board in grant distribution decisions. Those three priorities are:
- Employee Communities: (Social services, health, education, and cultural organizations)
- Veteran Support: (PTSD support, healthcare outreach, job training)
- Core Markets: (Recovery programs, outreach, educational, and capital building projects)
While many requests are worthy of consideration, there are also program limitations that guide the Board. The Foundation is unable to support requests for individuals, labor and fraternal, religious, or political organizations.
Although the Foundation is the primary focus of Pharmacists Mutual's philanthropy, it has often partnered with Pharmacists Mutual Insurance Company to make significant impact gifts such as Algona YMCA expansions, Algona Library Renovation, Performing Arts Center, and Carnegie Center for the Arts. Pharmacists Mutual also took the lead in establishing the Pharmacists Mutual Endowment Fund under the Kossuth County Community Foundation.
The Pharmacists Mutual Employee Foundation considers requests and provides grants continually basis as needs and opportunities arise. For more information, send inquiries to the Pharmacists Mutual Employees Foundation at Pharmacists Mutual Insurance Company, foundation@phmic.com.
Employee Foundation Board of Directors
Jodi Alt
Jeff Crane
Richard Cruz
Laura Gabor
Shana Herke
Abby Krzywiecki
Kristi Lindhorst
Sydney Meadows
Teri Miller
Val Morton
Michael Polen
Lori Stokes
Abby Thilges
If you have any questions about the Employee Foundation or the contribution process, email foundation@phmic.com.