It sure would be nice if we lived in a society where the health of children was an inherent given, rather than dependent on the philanthropy of the rich and the masses. It would also be nice if these “non-profits” that filled in for our societies failings didn’t make themselves rich in the process.
Last year, St. Jude raised a record $2 billion. U.S. News & World Report ranked it the country’s 10th-best children’s cancer hospital, and St. Jude raised roughly as much as the nine hospitals ahead of it put together. It currently has $5.2 billion in reserves, a sum large enough to run the institution at current levels for the next four and a half years without a single additional donation.
–ProPublica, by David Armstrong and Ryan Gabrielson, https://www.propublica.org/article/st-jude-hoards-billions-while-many-of-its-families-drain-their-savings
