Donations to nonprofit hospitals and healthcare systems in the U.S. and Canada increased by $63 million during the 2016 fiscal year, totaling $11.675 billion, according the Association for Healthcare Philanthropy's annual Report on Giving.
AHP's annual survey of gifts, pledges and grants shows that total funds raised by healthcare institutions increased by 5 percent in the U.S. last year to $10.143 billion. Funds increased for the first time in Canada since 2013, by 10 percent percent to $1.532 billion, the highest amount AHP has reported for Canadian healthcare fundraising organizations since it started the Report on Giving in 2004.
"During this time of unprecedented change in healthcare, extraordinary giving is so important to the care we provide to our communities every day. The Report on Giving is encouraging because these dollars translate into life-saving technology, promising new research and the best possible care for our patients," said Mark Larkin, CFRE, AHP board member and president of the Boca Raton Regional Hospital Foundation in Florida, in a statement.
The median return on investment was $4.06 for the U.S., a drop from $4.29 in fiscal 2015 but closer to the $4.05 level in fiscal 2014.
AHP was established in 1967 and represents nearly 4,500 development professionals at 2,000+ nonprofit hospitals, medical centers, health systems and related facilities internationally.