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Founded by entertainer Danny Thomas in 1957, its purpose is exclusively to raise funds for and awareness of St. Jude Children's Research Hospital. [1] ALSAC is the largest healthcare-related charity in the United States and raises 87% of St. Jude's annual operating budget from private donors. [2] [3]
St. Jude Medical (NYS: STJ) carries $4 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
That said, many Goodwill locations are much more thorough with sorting through donations and take great efforts to find a purpose for the majority of donations while minimizing the amount sent to ...
St. Jude Medical (NYS: STJ) carries $3.9 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
In 2020, ALSAC raised $2.4 billion, of which $2 billion were from donations and contributions (84%). $997 million (42%) of this went to St. Jude. At the end of 2020, St Jude's fund balance was $8.03 billion. [31] 74% percent of St. Jude's total budget comes from donations, and the hospital costs about $1.7 million per day to run. [3]
St. Jude's has grown to include eight affiliate hospitals across the United States. It is a 501(c)(3) nonprofit organization with annual expenses, as of 2018, of over US$1.4 billion funded by nearly US$1.5 billion in donations. [ 27 ]