White Memorial raises $30 million for quake-proofing: donors include Univision, BofA and Oscar de la Hoya.SUPPORTERS of White Memorial Medical Center have leveraged corporate and community connections to raise $30 million a year ahead of schedule to help pay for a new earthquake-resistant hospital building. The Adventist Health hospital's charitable foundation has received the $30 million in gifts of cash and pledges that will be paid through 2008. It will help complete the fourth and final phase of the $200 million, 354-bed complex which began housing patients in April 2006. Leading the fund-raising campaign Noun 1. fund-raising campaign - a campaign to raise money for some cause fund-raising drive, fund-raising effort crusade, campaign, cause, drive, effort, movement - a series of actions advancing a principle or tending toward a particular end; "he supported was David Lizarraga, the well connected chief executive of the economic development non-profit TELACU, and his vice chairman, George Ramirez, market president of Union Bank of California Union Bank of California is one of the 30 largest commercial banks in the United States. It has 327 branches, the majority of which are in San Diego, Los Angeles and Orange Counties. , which was among several large corporate contributors. The pair helped tap major donors, especially in East Los Angeles' Latino community. "It was really a community, corporate and government partnership," said Lizarraga. "These are not easy times, but there was a realization that with the staffing shortages and the seismic issues that hospitals face--and the number of ERs and hospitals that have closed here in recent years--the community needed to step up to the plate." Campaign cabinet members included Ruben Beltran, the Los Angeles-based Consulate General consulate general n. pl. consulates general The consulate occupied by a consul general. of Mexico; Frank Quevedo, a vice president at Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. ; and Jorge Mettey, news director at Channel 34, whose owner Univision Communications Inc. contributed $1.5 million. Lizarraga said an early and unexpected $1 million donation by Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. helped set the pace for the campaign. Professional boxer and entrepreneur Oscar de la Hoya Oscar de la Hoya (IPA pronunciation: [ˈɑs.kɛɹ dɛ.lɑ.ˈhɔɪ.jɑ][1]) (born February 4, 1973) — nicknamed the Golden Boy , who earlier had given the hospital $1.5 million toward a cancer treatment center, added another $1 million to the building drive. Rep. Lucille Roybal-Allard, D-Los Angeles, helped arrange for $1 million in federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve . There also was significant support from non-profits such as the Annenberg Foundation and Ralph M. Parsons Foundation. Staff reporter Deborah Crowe can be reached at (323) 549-5225, ext. 232, or at dcrowe@labusinessjournal.com. |
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