Many individuals make donations for emotional reasons, particularly in the healthcare sector. Sometimes they know someone who suffered from a specific affliction, or they simply feel for victims after seeing a charity's commercial.
Children's hospitals are common recipients of funds from generous individuals. because the patients often pull at their heartstrings. The money goes toward finding cures for ailments that plague youngsters, expanding facilities to make patients more comfortable or supplying technologies that make life a little easier for the kids who stay there.
Recently, it seems like donations made to healthcare facilities that cater to children have been increasing in both frequency and generosity. This might be a common trend for some foundations and philanthropists midyear, or maybe people have simply been in tune with the needs of young patients lately.
$75 million pledge given to Missouri hospital
The Hall Family Foundation recently announced a $75 million pledge that will go to Kansas City's Children's Mercy Hospitals and Clinics. The funds will be put toward breaking ground for a new research building on campus.
Should a newly proposed half-cent sales tax in Jackson County pass in the local legislature in November, the building will become the home of the Institute for Translational Medicine of Jackson County. This would mean that part of the sales tax would go directly toward hiring new scientists, researchers and staff members.
"We are humbled and deeply grateful to the Hall family. For generations, the Hall family and the Hall Family Foundation have supported the life-changing and life-saving work of our hospital," stated Children's Mercy President and CEO Randall O'Donnell. "Today, they once again are making a bold and generous commitment to improve the lives of our patients and to brighten the economic prospects of our Jackson County community."
St. Louis hospital receives $250,000 from carmaker
Not far from Kansas City, another Missouri children's hospital was also the recipient of a sizable donation recently.
Local NBC affiliate KSDK-TV reported that on September 5, car producer Hyundai extended $250,000 to St. Louis Children's Hospital, in a gesture of thanks for its continued efforts on fighting childhood cancer. The money will go toward new initiatives to investigate links between gender and tumors, as well as responses to radiation and chemotherapy.
The news outlet explained that Hyundai launched a $70 million "Hope on Wheels" program, which honors pediatric medical centers with a particular focus on cancer patients.
Others donate more than money
Especially when children's hospitals are at the center of fundraising campaigns, collecting donations in the form of money is not always the most effective means of making a difference.
For instance, there's an ongoing drive in Minnesota, asking people to donate toys to Star Studio, a closed network that develops custom television shows for children who are staying at Minneapolis' Children's Hospital, according to KVSC?-FM. The drive is being held in the name of Kayleen Larson, who passed away in May from Leukemia.
A similar fundraising event recently took place in August in Ohio, according to the Stow Sentry, during which students from Ohio's Holy Family Catholic School gave more than 200 Beanie Babies and a Build-a-Bear to patients at Akron Children's Hospital.
The newspaper explained that some of the Beanie Babies came from local resident Vilma Smith, who had been collecting the bears since they appeared in the 1990s. When he heard about the donation, 10-year-old Gavin McHale decided to also add his black Build-a-Bear to the bunch.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.