News Headlines Article

Not-for-profits see rise in donations, report finds
Modern Healthcare

U.S. not-for-profit hospitals and healthcare systems received $8.9 billion in donations in fiscal 2011, an 8.2% increase from the previous year, according to a new report from the Association for Healthcare Philanthropy. That total represents an all-time high in donations, besting fiscal 2008’s mark of $8.6 billion, according to the report. However, hospitals and healthcare systems are spending more than ever on fundraising, as it cost 31 cents to raise a dollar in fiscal 2011. That represents a 2-cent increase from fiscal 2010.