In what is the largest single corporate gift in the history of Children’s Hospital Los Angeles (CHLA), Costco Wholesale Corporation has made a $10 million philanthropic commitment to support the hospital’s mission of delivering the very best patient care to children in Southern California.
In honor of this gift, the second floor of the Marion and John E. Anderson Pavilion, opened in June 2011, will be named the Costco Wholesale Floor.
Richard D. Cordova, FACHE, president and CEO of Children’s Hospital Los Angeles, said Costco Wholesale had been a significant partner in our mission to create hope and build healthier futures for the children of Southern California.
“Costco’s generous gift will directly impact our ability to provide world-class pediatric care, conduct ground-breaking medical research and train the next generation of clinicians. It takes all of these things working together to provide the life-giving and life-saving programs that help the 104,000 children we treat annually at the hospital.”
Since 1983, Costco Wholesale has donated more than $16 million to Children’s Hospital Los Angeles.
The company’s generosity has been made possible by a strong partnership between its club members, employees, corporate business partners and shareholders, all of whom contribute toward the whole.
Costco club members contribute at the registers each May as part of the corporation’s in–warehouse, month-long fundraising campaign; Costco employees volunteer their time to lead such efforts and engage the members; Costco business partners fundraise for the hospital at various charity events; and the corporation matches all the gifts raised by each of these activities.
Costco Wholesale’s commitment of $10 million over the next five years will support CHLA’s Children’s Fund, which is dedicated to the hospital’s research and clinical care programs.
Bruce Greenwood, Costco Wholesale’s senior vice president, Los Angeles region, said Costco Wholesale firmly believed in the importance of quality and access.
“We live by our principles, whether it’s in providing our members with top-quality merchandise at the most affordable prices or in supporting one of the best pediatric healthcare providers in the nation – Children’s Hospital Los Angeles – in its mission to create hope and build healthier futures for all kids,” Greenwood said. “This gift to CHLA reflects our philosophy of being a responsible corporate citizen by doing our part to improve the communities where Costco operates and where its’ employees live and work. Costco is proud to support Children’s Hospital Los Angeles and we look forward to continue to provide meaningful ways for our members, staff and vendors alike to rally behind such a vital cause.”