Children's Hospital Program of 2008 – Children's Hospitals (3rd funding round)
Highlights
Applying for this program can provide significant funding for your children's hospital, allowing you to access up to $98 million for private nonprofit facilities or $39.2 million for University of California hospitals. This stable source of grant funding means you won’t need to worry about repayment, freeing you to focus solely on enhancing care for your young patients.
The funding can be used for capital improvement projects, which can help upgrade your facilities and improve the overall experience for both patients and staff. The ongoing application process means you can apply at your convenience, making it easier to access these vital resources when you need them most.
This program reflects a commitment to the health and welfare of critically ill children in California. Securing these funds could transform the level of care you can provide, ensuring that your hospital remains a top choice for families in need.
Financing Details
Type of Financing
The program offers grant funding specifically designed for eligible children's hospitals in California. These grants provide much-needed financial support for capital improvement projects.
Repayment Terms and Fees
There are no repayment terms associated with these grants. Since they are not loans, you do not need to pay them back. However, there are some fees to consider:
- Costs of Issuance: $0.75 per $1,000 of the authorized grant award.
- Administrative Costs: $5.00 per $1,000 of the authorized grant award.
Eligible and Ineligible Expenses
Funds can be used for various capital improvement projects that benefit children's health care. However, they cannot be used for general operational costs or anything not directly related to project improvement.
This is a wonderful opportunity for your hospital to enhance facilities without the burden of repayment!
Qualifications
- Location: Must be a children's hospital located in California.
- Type of Hospital: Must be one of the 13 designated Children's Hospitals; either a private nonprofit Children's Hospital or a University of California Children's Hospital.
- Funding Limits:
- Private nonprofit Children's Hospitals can apply for up to $98 million in funding.
- University of California Children's Hospitals can apply for up to $39.2 million in funding.
- Employee Requirements:
- No minimum or maximum number of employees required.
- Revenue Requirements:
- No minimum or maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
Profit Structure: Must operate as a Not For Profit.
Disqualifications:
- Businesses that are not classified as children's hospitals.
- Applications from for-profit entities.
Description
This program offers significant funding for eligible children's hospitals in California, aiming to enhance the health and welfare of critically ill children. You could receive up to $98 million for private nonprofit children's hospitals or $39.2 million for University of California children's hospitals. This is a stable source of funds that can be used for capital improvement projects, helping you upgrade facilities and enhance care.
The funding is structured as grants, which means you won’t need to worry about repayment. The application process is ongoing, allowing you to apply on the first business day of each month. This flexibility can help your hospital get the resources it needs, exactly when it needs them.
With a total program budget of $980 million, this initiative reflects a strong commitment to supporting healthcare initiatives that can significantly improve the lives of children. If your hospital is eligible, this is a valuable chance to secure funding that can make a real difference in care and services provided to young patients.
Program Steps
Review Application Guidelines
Familiarize yourself with the program details to understand the eligibility and requirements.Prepare Documentation
Gather the necessary documents to include with your application. You will need:- Organizational chart
- Financial statements for the last two years
- Project proposals for capital improvement
- Proof of nonprofit status (for private nonprofit hospitals)
- Any relevant licenses or permits
Complete the Application Form
Fill out the application form with accurate and detailed information about your hospital and the proposed project.Submit Your Application
Send your completed application along with the required documents to the program. Ensure it is submitted on the first business day of the month for timely consideration.Follow Up
Check the status of your application after submission. Be prepared to provide additional information if requested.
