AnnualReport2020

A Budget That Provides for Today’s Needs and Tomorrow’s Goals

A Fiscally Sound BudgetWill Allow Us to Continue to Fulfill Our Mission The ambitious mission and vision of Shriners Hospitals for Children inspires countless people around the world to join us. They want to be part of our efforts to provide high-quality care to our patients regardless of the families’ ability to pay, to conduct research that will lead to new knowledge and discoveries that will lead to new initiatives and even better care, and to train the next generation of medical professionals. Our financial team works diligently to ensure that we have investment strategies in place that will increase and protect the endowment fund and generate

In 2020, our operating budget for our unique and compassionate health care system is $1.013 billion:

(in millions)

Hospitals – $608

income, and to discover and develop new ways to generate additional revenue. In addition, the entire staff of Shriners Hospitals for Children is aware of the need to be good stewards of all that we have, and strives to do their part to ensure that our health care system is

Research – $38

Insurance and Benefits – $94

operating as efficiently as possible. We are immeasurably grateful for the dedication of our staff, volunteers, donors and Shriners to the mission of Shriners Hospitals for Children, and to supporting that effort

Revenue Cycle – $15

Information Systems – $46

financially. We need and depend on that support to fund a budget that allows us to improve and change lives every day, and plan for a long future of caring for the children who need us.

Management and Administration - $62

In addition to providing care, conducting research and offering medical education, we are committed to keeping our medical facilities up-to-

Fundraising – $95

date, structurally sound and appropriate. To accomplish this in 2020, and to fund several transitions to more efficient care

Depreciation – $52

Unallocated costs – $3

models, especially for our Ohio, Texas, and Boston, Massachusetts, locations, we have a capital budget of $67.79 million.

The 2020 capital budget is $67.79 million.

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