AnnualReport2021

IN 2021 THE OPERATING BUDGET FOR OUR UNIQUE e COMPASSIONATE HEALTH CARE SYSTEM IS $1.058 BILLION

ABUDGET THATPROVIDES FOR TODAY’S NEEDS e TOMORROW’S GOALS

(in millions)

$600 $37 $44 $114 $100 $96

A RESPONSIBLE BUDGET THAT WILL 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 and support 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 and, ultimately 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 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

HOSPITAL SERVICES

to be good stewards of all that we have, and strives to do their part to ensure that our health care system is 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 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. In addition to providing care, conducting research and offering medical education, we are committed to keeping our medical facilities up-to-date, structurally sound and appropriate. To accomplish this in 2021, and to fund several transitions to more efficient care models and make other optimizations across the system, we have a capital budget of $71.3 million.

RESEARCH

INFORMATION SYSTEMS

FUNDRAISING AND SPECIAL EVENTS

EMPLOYEE BENEFITS AND INSURANCE

DEPRECIATION MANAGEMENT AND ADMINISTRATION $55 $12 FUNDS FOR UNANTICIPATED EXPENSES THE 2021 CAPITAL BUDGET IS $71.3 MILLION

FUN e FELLOWSHIP

66