This program is tailored for children's hospitals like yours in California. It provides up to $135 million in grants for essential capital improvements that enhance the care for critically ill children. Because this funding is a grant, you won't have to pay it back. This means you can focus on upgrading your facilities, buying necessary equipment, or implementing new technologies without the financial burden of immediate repayment.

You have the flexibility to apply multiple times, making it easier to tackle various projects over time as needs arise. The application process is ongoing, allowing you to plan your capital improvements strategically. By securing this funding, you can ensure that your hospital has the resources to deliver top-notch care, benefiting the children who depend on your services. Don't miss out on this chance to enhance your hospital's capabilities and improve the welfare of the young patients in your care.

Type of Financing:
This program provides grants. These are funds that do not need to be repaid, allowing you to invest in capital improvements without the burden of debt.

Financial Details:

• Grant Limit:
  
  • Private nonprofit Children’s Hospitals can receive up to $135 million (after costs).
  • University of California Children’s Hospitals can receive up to $54 million (after costs).
• Costs:
  
  • Costs of issuance are $0.75 per $1,000 of the authorized grant.
  • Administrative costs are $10.00 per $1,000 of the authorized grant.

Eligible Expenses:
Funds can be used for capital improvement projects that enhance the health and welfare of critically ill children.

Restrictions:
The funds cannot be used for general operating expenses or non-capital related costs.

Fees:
There are some minimal costs associated with issuance and administration, as noted earlier, but no additional fees beyond these apply to the grants.

• Location: The business must be located in California.
• Type of Organization: The business must be a designated Children's Hospital in California.
• Legal Structure: All legal structures are applicable.

• Profit Structure: The business must be a Not For Profit organization.

  Qualifications for Funding:

• Private nonprofit Children's Hospitals can apply for up to $135 million.
• University of California Children's Hospitals can apply for up to $54 million.

Disqualifications:

• For-profit hospitals and organizations do not qualify.
• Businesses not classified as Children’s Hospitals are ineligible.

The program offers up to $135 million in funding for private nonprofit children’s hospitals and $54 million for University of California hospitals. This funding is available specifically for capital improvement projects that enhance the health and welfare of critically ill children. The goal is to ensure that these hospitals have the resources they need to provide top-notch care.

This is a great opportunity for your hospital to address essential improvements without the burden of immediate repayment. The program operates as a grant, which means you won’t have to pay back the money you receive, making it a valuable resource for upgrading facilities, purchasing equipment, or implementing new technologies.

Importantly, you can apply for this funding on an ongoing basis until June 30, 2033. Each eligible hospital can submit more than one application, allowing you to plan and execute improvements as needed over time. This flexibility gives your hospital the chance to prioritize projects that will directly benefit the children in your care.