Signet Jewelers to Donate $100M to St. Jude Children’s Research Hospital
The jewelry giant is marking its 25th anniversary of working with the charity.
The jewelry giant and the charity are also celebrating 25 years of partnership, during which Signet has already raised $100 million for the children’s hospital, and now has plans to raise $100 million more.
"We are honored to support the lifesaving research and care that St. Jude delivers to patients every single day," said Signet Jewelers CEO Virginia C. Drosos.
Treatments developed at St. Jude have helped increase the overall childhood cancer survival rate from 20 percent to more than 80 percent in the United States, she said.
“Our next $100 million commitment will help increase this even further and also go toward increasing survival rates around the world, where they are much lower. We won't stop fighting for a world in which no child dies in the dawn of life."
The additional funds will also support patients in aftercare through ongoing research via the After Completion of Therapy Clinic and St. Jude LIFE Study Program, which researches how to increase survivorship and also help cancer survivors to thrive.
Signet Jewelers has sponsored the St. Jude Solid Tumor Clinic, the second floor of the patient care center, as well as the Kay Research and Care Center, a space for research, education, collaboration, care and treatment.
There is also the Kay Kafe where patient families and St. Jude staff can connect.
"The longstanding commitment and amazing generosity of Signet, its employees and customers are a moving expression of love and an incredible testament to the company's purpose-driven culture," said Richard C. Shadyac Jr., president and CEO of ALSAC, the fundraising and awareness organization for St. Jude Children's Research Hospital.
Signet will raise money for the charity year-round, including by donating proceeds from the annual sale of plush puppies and bears at its stores.
The retailer also encourages customers to donate in-store and online. Funds are also raised through corporate support, like the St. Jude Memphis Marathon Weekend.
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