IMPRESSIVE FUNDRAISING RECORD: All funds raised by ALSAC are for the sole benefit of St.
The bylaws of ALSAC require that all funds raised (except for funds required for operations and restricted by donor) be distributed to or be held for the exclusive benefit of St.
Jude and ALSAC are integral to each other's success and strategic planning is done jointly.
Continued alignment of institutional priorities between ALSAC and St.
The rating upgrade reflects the strength of ALSAC and its strong fundraising ability.
ALSAC has budgeted a fundraising goal of $704 million for fiscal 2011.
We are so grateful for the long-time leadership of Paul and Martha and for their service to our mission of finding cures for children suffering from cancer and other life-threatening diseases," said Marlo Thomas, daughter of the late entertainer Danny Thomas, who founded ALSAC and St.
Jude and ALSAC Boards respectively, effective July 1, 2015.
Jude Children's Research Hospital opened its doors in 1962, ALSAC is the fundraising and awareness organization for St.
Jude is financially supported by ALSAC
, its fundraising organization.
Fundraising has remained strong in light of the current recession with ALSAC
raising $107 million net of fundraising expenses through the first four months of fiscal 2009, compared to $100 million in prior year.
Jude's annual operating performance is dependent on continued fundraising and investment income from ALSAC
has a substantial level of reserves, a history of strong community and corporate support that appears relatively immune to economic cycles, a strong brand identity and brand recognition, and involvement on its boards from professionals with substantial levels of experience in fund raising and investment management.