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Sharp HealthCare Foundation Reaches $50 Million Goal
Date:12/20/2007

200 million. The new hospital is being funded through a combination of operating income and cash flow, borrowing and philanthropic support. The success and the extension of the campaign will make possible the build-out of the seventh floor of the new hospital, which is currently shelled due to costs. The cost of the build-out is approximately $10 million.

At 315,000 square feet, the new hospital is one of the most important health care projects in San Diego's history and will include a new surgery center, a new and expanded emergency and trauma center and house some of the most advanced health care technology.

Philanthropist Helen Copley helped launched the campaign with a $1 million gift, which was followed in 2005 by the campaign's largest gift of $5 million from the Helen K. and James S. Copley Foundation. In 2006 the Foundation received a $1 million challenge grant from The Kresge Foundation. The challenge required that the Foundation raise approximately $8 million during a one-year period for the Capital Campaign and the new Sharp Memorial Hospital. The foundation raised more than $8.1 million for the challenge.

About Sharp HealthCare Foundation

Since 1979, Sharp HealthCare Foundation has played a pivotal role in providing a wide range of medical services, clinical research and health education services that help thousands of patients and their families annually. Gifts from individuals, businesses and other foundations help extend much-needed health and wellness services into all corners of the community. Sharp HealthCare Foundation supports the charitable mission of Sharp Memorial Hospital, Sharp Mary Birch Hospital for Women, Sharp Mesa Vista Hospital, Sharp Vista Pacifica, and Sharp Chula Vista Medical Center. Since Sharp HealthCare Foundation is a 501(c)(3) tax-exempt organization, all contributions are exempt from federal income taxes to the fullest extent allowed by law. Learn more about Transforming Health Care: The Capi
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SOURCE Sharp HealthCare
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