Foundation campaign raises $201M for Riley Hospital

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.”

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