Baptist Health Foundation Cuts Fundraising Goal to $40 Million

by Mark Friedman  on Monday, May. 20, 2013 12:00 am  

After two years, the Baptist Health Foundation has taken a surgical knife to its capital campaign goal to raise $110 million from philanthropy for Baptist Health Medical Center-Little Rock.

The foundation now wants to raise $40 million from donations, and so far it’s received $15 million, said Baptist Health spokesman Mark Lowman.

Baptist Health still is looking for ways to generate the $70 million to complete the projects for the hospital, but nothing has been decided on how to obtain the funds, he said.

Lowman said donations have been lagging because potential donors don’t realize that Baptist Health is a nonprofit organization “that provides significant charity care in the state.”

Still, Baptist is moving forward with the projects announced in April 2011, the start of the campaign.

The hospital plans to expand its surgical suites, buy “cutting-edge” technology and turn all patient rooms into private rooms, the foundation said at the time. The foundation had planned to target individuals, corporations and foundations for donations.

 

 

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