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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 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]
When you donate stock to a charity, you can deduct the fair market value of the shares as a charitable donation on your income tax return. If the stock has increased in value since you purchased ...
The $2 billion that was raised in their 2021 fiscal year, St. Jude officials say, marks the first time a single-mission charity has reached that milestone. St. Jude hits donation milestone to ...
Donating stock is especially beneficial when a stock has appreciated. You can claim a deduction for the value of the stock, legally avoiding tax, and the charity gets the full benefit of the stock.
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.
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]
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