The Children's Hospital of Orange County (CHOC), which has previously been named one of the best in the nation by U.S. News & World Report, is improving its offerings with a new pediatric emergency department. The hospital recently announced that it will name the department in honor of a $5 million gift from Julia and George Argyros.

This is the second gift the couple has made toward CHOC's efforts to build a new 425,000 square-foot tower that will boast imaging, pathology and laboratory services as well as cutting-edge operating rooms. Each of these will contain a separate facility that accommodates children's unique care needs.

In 2009, Julia and George Argyros provided the hospital with a $1 million leadership gift to kick off a fundraising campaign, which has since brought in $120 million including the couple's recent contribution.

"We are grateful to Julia and George Argyros for this transformational investment in pediatric healthcare. This timeless gift will create a lasting legacy for generations to come at CHOC … as together we move forward world-class pediatric healthcare in Orange County and throughout the globe," said Graig Eastin, vice president of the CHOC Children's Foundation.

Institutions working toward long-term growth goals can use fundraising management software to ensure all gifts and donations are properly tracked and accounted for.