IBJNews

Foundation campaign raises $201M for Riley Hospital

Back to TopCommentsE-mailPrintBookmark and Share

Riley Children’s Foundation raised $201 million through its “Hope Happens Here” fundraising campaign, the Indianapolis-based not-for-profit announced Wednesday. The money will be used to support Riley Hospital for Children.

The fundraising effort was made public three years ago, seeded with a $40 million gift—the largest in the hospital’s history—from the Simon family to help finish a 10-story, in-patient building. The first phase of the Simon Family Tower is scheduled to open in January, with two floors of private patient rooms.

All told, the campaign raised $57.9 million for the $475 million tower, the foundation said in a news release. Clarian Health is paying for the remainder; Riley is part of the Clarian hospital network.

Another $58 million was earmarked for the hospital’s most urgent needs, including clinical programs that rely on philanthropic donations. Hospital research will get $23.8 million, thanks to grants of $11 million from Lilly Endowment and $10 million from Eli Lilly and Co. Foundation.

Riley’s Herman B Wells Center for Pediatric Research is conducting groundbreaking work on diabetes and brain tumor treatment, said Wade Clapp, chairman of the Indiana University School of Medicine’s pediatrics department.

The campaign received 16 individual gifts of $1 million or more, plus many smaller donations. The foundation said fundraising costs amounted to less than 12 cents per dollar raised.

“We are extremely grateful that during these challenging economic times, our friends and partners have continued to make supporting Riley Hospital their charitable priority,” Foundation CEO Kevin O’Keefe said in a prepared statement. “We look forward to continuing to work with supporters in meeting the hospital’s future needs.”

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. So as I read this the one question that continues to come to me to ask is. Didn't Indiana only have a couple of exchanges for people to opt into which were very high because we really didn't want to expect the plan. So was this study done during that time and if so then I can understand these numbers. I also understand that we have now opened up for more options for hoosiers to choose from. Please correct if I'm wrong and if I'm not why was this not part of the story so that true overview could be taken away and not just parts of it to continue this negative tone against the ACA. I look forward to the clarity.

  2. It's really very simple. All forms of transportation are subsidized. All of them. Your tax money already goes toward every single form of transportation in the state. It is not a bad thing to put tax money toward mass transit. The state spends over 1,000,000,000 (yes billion) on roadway expansions and maintenance every single year. If you want to cry foul over anything cry foul over the overbuilding of highways which only serve people who can afford their own automobile.

  3. So instead of subsidizing a project with a market-driven scope, you suggest we subsidize a project that is way out of line with anything that can be economically sustainable just so we can have a better-looking skyline?

  4. Downtowner, if Cummins isn't getting expedited permitting and tax breaks to "do what they do", then I'd be happy with letting the market decide. But that isn't the case, is it?

  5. Patty, this commuter line provides a way for workers (willing to work lower wages) to get from Marion county to Hamilton county. These people are running your restaurants, hotels, hospitals, and retail stores. I don't see a lot of residents of Carmel working these jobs.

ADVERTISEMENT