Akron Children’s Hosptial Receives $10M Donation from Kay Jewelers
- Nov 01, 2014
On Oct. 24, Akron Children’s Hospital announced it had received a record $10 million gift from Kay Jewelers. The donation will help finance the construction of a seven-story addition to the hospital’s main downtown campus. The new tower will be named Kay Jewelers Pavilion, in recognition of the retailer’s support.
Work on the building started in May 2013. It is scheduled for completion in May 2015. According to Akron Children’s, the Kay Jewelers Pavilion will house a neonatal intensive care unit, emergency department, outpatient surgery center and labor-and-delivery unit for high-risk newborns. The new café in the building will be named the Kay Kafé.
Kay Jewelers is operated by Sterling Jewelers. The Akron-based company is a division of Signet Jewelers Ltd., one of the largest specialty retail jewelers in the U.S., U.K. and Canada. It has been a dedicated partner of Akron Children’s since 1988.
The $10 million donation will support the $60 million “Building on the Promise” capital campaign. This initiative has helped finance a major expansion of the hospital’s Akron campus. It has also supported the renovation and expansion of the Ronald McDonald House of Akron. Philip H. Maynard, chairman of the “Building on the Promise” capital campaign, said in a news release that “with the inclusion of Sterling’s generous gift, we’ve raised nearly $41 million toward our $60 million goal.”
Also, in recognition of Sterling’s commitment, the hospital said it will establish an Office of Corporate Alliances. Its mission will be to assist other northeast Ohio companies looking to make similar commitments to Akron Children’s Hospital.
“One of our pillars as a responsible business is giving back to the communities in which we work and live,” said Ed Hrabak, president of Sterling Jewelers. “Akron Children’s has an incredible record of care, and its dedication to making our community a healthier and safer place is something we support wholeheartedly. We are thrilled to introduce the Kay Jewelers Pavilion and are excited for it to open and be part of the amazing work done here beginning next spring.”
“It’s humbling to have an organization like Sterling Jewelers support Akron Children’s in such a monumental way,” added Bill Considine, president & CEO of Akron Children’s Hospital. “This gift will allow us to continue bringing the most advanced pediatric medical care to northern Ohio. We’re tremendously grateful for their generosity and support.”