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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.
St. Jude Medical was founded in 1976 to further develop bi-leaflet artificial heart valves, which were originally created in 1972 at the University of Minnesota. [4] [5] St. Jude Medical's bi-leaflet valve was developed in large part by Dr. Demetre Nicoloff of the University of Minnesota and St. Jude Medical employee Don Hanson.
St. Jude Medical Center is a faith-based, not-for-profit hospital, [1] located in Fullerton, California, which was established by the Sisters of St. Joseph of Orange in 1957. [ 2 ]
Most of these donations were anonymized. [19] In September 2021, the Musk Foundation donated $55 million to St. Jude Children's Research Hospital as part of a fundraiser by SpaceX customer Jared Isaacman. [7] [20] In the same year, it provided $100 million for technologies to remove carbon dioxide from the atmosphere. [21]
Donations support the health of more than 10 million children each year. Donations, which goes to local hospitals, fund critical life-saving treatments and healthcare services along with research, medical equipment, emotional, and health support during difficult hospital stays, as well as financial assistance. CMN Hospitals funds are unrestricted.
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Teen programs include teaching conflict resolution, personal finance, and coping skills. The group also raises money for and supports other organizations that have included St. Jude, the NAACP, National Council of Negro Women, Sickle Cell Disease Association of America, and UNCF. [4]
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