St. Jude Children's Research Hospital and American Lebanese Syrian Associated Charities (ALSAC) are both nonprofits. From 2000 to 2005, 83.7% of the funds received by St. Jude went to operation or investments. From 2002 to 2004, 47% of program expenses went to patient care and 41% to research. According to the hospital's own statements, in 2012, 81 cents of every dollar donated to St. Jude went directly to its research and treatment. In 2020, ALSAC raised $2.4 billion, of which $2 billion were from donations and contributions (84%). $997 million (42%) of this went to St. Jude. At the end of 2020, St. Jude's fund balance was $8.03 billion. 74% percent of St. Jude's total budget comes from donations, and the hospital costs about $1.7 million per day to run. and of aggressively pursuing donations, including through litigation, to the detriment of other cancer research charities. St. Jude, which ranked 10th amongst the
U.S. News and World Reports 2020 ranking of the best U.S pediatric cancer hospitals, collected more donations than all nine of the hospitals ranking ahead of it put together. As of 2023,
Charity Navigator gave St. Jude a score of 99 for Accountability & Finance, earning the hospital a four-star rating.
Philanthropic aid In January 1964, the former presidential yacht
USS Potomac was purchased by
Elvis Presley for US$55,000. Presley then gave the
Potomac to St. Jude Children's Research Hospital, in Memphis, to sell as a fundraiser.
Other funding initiatives Eagles for St. Jude was a program created in 2007 by
Stanford Financial Group, when it paid to become title sponsor of the
St. Jude Classic, the annual PGA Tour event in Memphis. The program, and sponsorship, ended in February 2009, when it was found that Stanford Financial Group was a
Ponzi scheme, having defrauded investors out of $8 billion, with a small fraction of that stolen money having been channeled into the Eagles for St. Jude program.
McDonald's Monopoly Game In 1995, St. Jude received an anonymous letter postmarked in
Dallas, Texas, containing a $1 million winning
McDonald's Monopoly game piece. McDonald's officials came to the hospital, accompanied by a representative from the accounting firm
Arthur Andersen, and verified it as a winner. Although game rules prohibited the transfer of prizes, and even after learning that the piece was sent by an individual involved in an
embezzlement scheme intended to defraud McDonald's, McDonald's waived the rule and made the annual $50,000 annuity payments. ==Awards and achievements==