More than one in four dollars raised by healthcare institutions last year went to multihospital systems, according to the Association for Healthcare Philanthropy.
The AHP's latest Report on Giving shows member institutions raised a total of $4.9 billion in 1995, up 29% from the previous year's survey. However, the Falls Church, Va.-based association said that increase reflects growth in survey participation by university-based hospitals, teaching hospitals, medical schools and other academic institutions.
Multihospital systems, which accounted for 15% of respondents, raised $1.4 billion last year, or 27% of total cash, pledges and planned gifts to healthcare institutions. That was the first time systems raised more than community hospitals, AHP noted. Community hospitals, accounting for 43% of survey respondents, raised just over $1 billion.
Of the $4.9 billion raised last year, cash donations accounted for $2.7 billion, a 25% increase. That's the largest annual increase in cash giving since AHP began tracking those numbers in 1987.
Healthcare institutions' median cash contribution rose 14.3% to $687. That overall increase was largely driven by a stunning 53% jump-to $1,600-in the median cash gift collected by multihospital systems.
In related news, the American Association of Fund-Raising Counsel's Trust for Philanthropy reported last week that gifts to not-for-profit health institutions, including hospitals and health foundations, rose 9.2% to $12.6 billion in 1995. The trust's annual report on giving said contributions to all types of not-for-profit charities increased 10.8% to $143.9 billion last year.