U.S. charitable contributions to healthcare facilities and organizations rose by a record 16% in 2005 to $7.089 billion, according to a report issued by the Association for Healthcare Philanthropy. The number of donors grew by 4.6% and the number of gifts received grew by 2.2% from FY04 to FY05.
Individuals provided 60% of all funds raised; businesses, including corporate foundations, supplied 18.2% of the funds; foundations other than corporate, 12.7%; and other sources (hospital auxiliaries, public agencies, civic groups, etc.), 9.9%. Approximately 84% of donors were individuals, unchanged from the previous year. Businesses, including corporate foundations, made up 10.9% of the donors but provided 18.2% of the funds. Nonphysician employees represented 18.9% of individual donors, higher than the 15.9% share in FY04. The next largest group was patients at 16.5% of all individuals, followed by physicians (5.5%) and board members (4.9%).
AHP estimates that cash contributions to U.S. member institutions/organizations totaled $5.105 billion, 72% of total funds raised, including the sale of securities ($305,000,000), and nonmonetary gifts ($50,000,000). Nearly $2 billion of total funds raised was pledges, with the major portion of that secured but not yet paid (20.6% of total funds raised). Planned gifts secured but not yet paid represented more than $400 million. Read the AHP announcement.
