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St. Jude Children's Research Hospital is a pediatric treatment and research hospital headquartered in Memphis, Tennessee. Founded by entertainer Danny Thomas in 1962, it is a 501(c)(3) designated nonprofit medical corporation which focuses on children's catastrophic diseases, particularly leukemia and other cancers. [ 1 ]
As of 2021, St. Jude Children's Research Hospital costs nearly $1.7 billion per year to run, and donations provide an estimated 87% of those funds. Only 6% of the money to operate the hospital comes from insurance recoveries and 5% comes from grants.
A charitable hospital, or charity hospital, is a non-profit hospital that provides treatment for poor and uninsured people who can not purchase treatment. [1] [2] [3] An example would be St. Jude Children's Hospital that provides assistance to children and funds research for pediatric ailments.
This year, St. Jude’s Thanks and Giving campaign celebrates its 20th anniversary and passing the fundraising milestone of $1 billion to support the hospital’s efforts to provide free medical ...
For St. Jude Children’s Research Hospital, even the sky is no longer the limit. The hospital is crediting its success to online donations and to publicity campaigns, like a sweepstakes to send ...
An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows: