publication date: May. 19, 2017
Conversation with The Cancer Letter
St. Jude to boost budget by 50 percent—plans to spend $7 billion over six years on childhood cancer
President and CEO of St. Jude Children’s Research Hospital
Steering clear of metaphors that stem from military campaigns and space travel, St. Jude Children’s Research Hospital is planning to spend $7 billion over six years for an expansion of clinical and research programs.
During that period, the hospital’s budget is expected to go up by about 50 percent, St. Jude officials said. The American Lebanese Syrian Associated Charities, the organization that raises funds for St. Jude, declared revenues of $1.182 billion in 2014, the last year for which tax documents are publicly available.
Averaged by year, St. Jude will be spending over 4.5 times the amount the federal government is planning to spend on its seven-year, $1.8 billion Beau Biden Cancer Moonshot. St. Jude’s resources will be focused on specific questions in childhood cancer research.
“Almost three years ago, I looked at where we were as an institution, where we were financially, where we were talent-wise, and where the field was. I felt we could develop new initiatives that would help to accelerate progress against pediatric cancer,” James Downing, president and CEO of St. Jude said to The Cancer Letter. “We feel there are still many discoveries to be made.”
When Downing took over as in July … Continue reading St. Jude to boost budget by 50 percent—plans to spend $7 billion over six years on childhood cancer
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