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Hospital receives tentative pledge
If the rest of its fund-raising goes well enough, Franciscan Health System will receive $500,000 from Kresge Foundation toward its $6 million capital campaign for three hospitals, including St. Francis Hospital in Federal Way.
The money so far is in the form of a challenge grant. Franciscans drive must reach $5.5 million before Kresge will award its dollars. So far, the campaign, which will end in December 2003, has accumulated more than $3.9 million toward its goal.
The tentative grant to Franciscan was one of only 99 national awards made to date this year by the Kresge Foundation, an independent, private organization created in 1924 by the personal gifts of Sebastian S. Kresge.
The foundation once issued grants outright. Over the years, however, a concept evolved of awarding grants on a conditional, or challenge, basis to help institutions expand their fund-raising capabilities.
"We're delighted by the Kresge offer, said Bob Krotz, president of the Franciscan Foundation. "The successful completion of this campaign will help us continue a healthcare ministry started more than a century ago by the Sisters of St. Francis."
Franciscan launched its Circle of Care capital campaign in 2001 to
help fund a number of improvements, including:
Bed expansion at St. Clare Hospital in Lakewood and improved
surgical services capabilities.
The construction of the St. Francis outpatient center
adjacent to the Federal Way hospital. The center, scheduled to open later
this year, will include cancer care, same-day surgery and physical,
occupational and speech therapies.
Inpatient surgery improvements and the addition of advanced cardiac medical technology at St. Joseph Medical Center in Tacoma, including the purchase of new heart imaging technology for the hospital's nuclear medicine department.
The Kresge Foundation awards grants toward projects involving construction or renovation of facilities and the purchase of major capital equipment or real estate. Kresge grant recipients must raise significant initial funds toward their respective projects before requesting assistance.
Franciscan's campaign is led by the following community
Franciscans fund-raising steering committee includes St. Francis representatives Mark Clirehugh, vice president of Insignia/Kidder Matthews, and Jeff Stock, president of Omni Properties. Also on the committee are Maggie Baker and Janie Andrew, community volunteers at St. Clare, Franciscan vice president Sister Anne McNamara, Dr. Frank Senecal, chief of oncology services for Franciscan, and Larry Treleven, a St. Joseph representative.
Franciscan Health System is a part of Catholic Health Initiatives, one of the largest not-for-profit health care systems in the country.