September 30, 2004
Giving to Health-Care Institutions Rose by 6.5% Last Year
American hospitals and other health-care institutions raised an estimated $5.9-billion in the 2003 fiscal year, up 6.5 percent from 2002, according to a new report by the Association for Healthcare Philanthropy.
For Canadian hospitals, the increase was even bigger, 10.2 percent, for a total of $1.12-billion.
William C. McGinly, president of the Association for Healthcare Philanthropy, attributes the increase to three factors: chief executives playing an increased role in fund
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