by Jim Dewey
Friday, Nov 28, 2014
Quincy, IL News - QuincyJournal.com
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Blessing raises $10 million in largest ever campaign

Blessing raises $10 million in largest ever campaign

6 months, 2 weeks ago by Jim Dewey

The money is part of the $70 million dollar cost of the Moorman Pavilion

Blessing Hospital celebrated National Hospital Week by announcing the results of its largest ever fundraising campaign. 

The Building For The Future Campaign had a goal of raising $10 million toward construction of and equipping the Moorman Pavilion patient care addition.

Blessing Corporate Services President and CEO Brad Billings said the initial goal was 7 million.

Billings said that early in the campaign, the CFM Foundation, which is a legacy of the Moorman Manufacturing Company and along time supporter of Blessing Hospital, stepped forward with a large leadership gift.

That gift allowed the goal to be raised and late Wednesday morning Billings and members of the campaign committee led by Ross and Sherry Centani announced they had exceeded even that goal.

The money is part of the $70 million dollar cost of the Moorman Pavilion

Billings said the remainder will be paid for with cash, routine capital investment and borrowing.

 "What this means is that had we not had this ten million dollars, we would have had use our own money or borrow the money." he said "Either way that would have raised the cost of the project to us by ten million dollars." 

And that would likely have meant a hike in the cost of services provided by the hospital. 

Blessing is using $30 million of its own money and has borrowed another $30 million to fund the construction. 

If all goes as planned...Billings says the Moorman Pavilion could open by next January.


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