MARCH 2010

One of the most critical steps in launching the Facility Master Plan is identifying all avenues of funding for the project. In subsidizing this $175 million endeavor, St. Bernard will rely on various funding sources to meet the financial demands of the Master Plan. These include hospital funds, borrowing, TIF funds, New Market Tax Credits, and state and federal dollars. In addition, St. Bernard is considering a capital campaign to raise funds from foundations, corporations, and individual donors.

In recent months, the Loevy Consulting Group has conducted interviews with a select group of individuals who provide varied perspectives on the hospital and its surrounding community. In doing so, we gain a greater understanding of how the hospital might approach a full scale capital fundraising campaign.

“What we’ve learned so far,” says Charles Holland, Vice President of Planning and Development, “is that there are so many people with different perspectives, and all of them share the desire to see St. Bernard succeed and flourish through the implementation of this Master Plan.”

The Loevy Group will continue these interviews and report back to St. Bernard with a strategic recommendation on moving forward with a campaign to help fund the Facility Master Plan.