South Dakota philanthropist Denny Sanford has fulfilled his commitment to Sanford Health by completing his $400 million pledge.
South Dakota philanthropist Denny Sanford has fulfilled his commitment to Sanford Health by completing his $400 million pledge. As part of the largest philanthropic gift to a hospital or health system in the nation’s history, Denny Sanford agreed to make donation installments of $50 million over an eight year period, totaling $400 million. Mr. Sanford accelerated his donations over the past two years, and Sanford Health received the final installment on April 3, 2009, more than five years ahead of schedule.
“By completing his pledge in just over two years, Mr. Sanford has once again taught us the value of commitment, the strength of a promise and the power of finishing what one begins,” stated Kelby K. Krabbenhoft, Sanford Health President and CEO. “His pledge was the largest in history to a healthcare organization and now his final payment makes that a reality.”
Mr. Sanford’s $400 million gift is being used for four clearly defined Sanford Health Initiatives: Sanford Research, The Sanford Project to cure type 1 diabetes, the Sanford healthcare campus of the future and the investment in children, which includes the creation of pediatric clinics around the world.