Healthcare charitable giving jumps

When in comes to healthcare, people seem to be in a giving mood. Charitable donations to U.S. healthcare facilities and organizations set a new record for growth during the last fiscal year, according to a new research report from the Association for Healthcare Philanthropy. Donations climbed 16 percent, to $7.01 billion, during fiscal 2005. Most of these funds (60 percent) came from individuals, while 18.2 percent came from businesses, 12.7 percent from foundations and 9.9 percent from a grab bag of other sources including hospital auxiliaries, civic groups and public agencies. The median for funds raised per dollar was $3.58 in cash and pledges for every $1 spent on fundraising. Academic medical centers, however, managed to pick up a remarkable $10.95 for each dollar spent.

To learn more about the donations climate:
- read this release from the AHP
- check out the IHP's report summary (.pdf)

Related Article:
Overall charitable giving hit an all-time high for last year, according to one trade group. Unlike IHP, however, they found that healthcare giving actually declined one percent. Article

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