Tad Taube and Taube Philanthropies announce a new matching grant of $3 million towards the expansion of the Ronald McDonald House at Stanford. Of the total amount, $1 million is a 1:2 matching grant; once the match is made, Taube will give an additional $2 million, thereby generating a total $5 million for Ronald McDonald House's "Hope is Growing Campaign."
The Taube Philanthropies donation will provide financial support for the House’s new 52,000 square-foot expansion, which will make it the largest of the 348 Ronald McDonald Houses worldwide. Taube has a long-standing relationship with the House at Stanford dating back to 2002, with numerous donations, sponsorships, and other philanthropic support.
“It is my strong belief that collaborative giving can achieve a much greater impact than a single philanthropic gift.” says Tad Taube.
“The amazing support from Taube Philanthropies will ultimately help us achieve our goal to serve more families in need for years to come,” states Annette Eros, chief executive officer at the House. “To date we have raised more than 87 percent of our $40.5 million campaign goal for the expansion, and we are confident that the community will rally to support our matching fund challenge to help us meet our goal.”
The new building, scheduled for completion in Spring 2016, will add 67 new private guest suites to increase capacity for more families to stay close to their children while they are treated for critical illnesses at Lucile Packard Children’s Hospital Stanford. Currently, the House has a nightly waiting list of 40-50 families. The House serves families with a child who is receiving treatment at a local hospital and is living outside of a 50-mile radius of the facility, regardless of their ability to pay.
Tad Taube and Taube Philanthropies Executive Director Shana Penn attended a special "topping off" ceremony on August 5 at the construction site. The "topping off" ceremony marked the start of the final construction phase, as the final beam -- signed by hundreds of supporters -- was raised. Taube Philanthropies looks forward to the completion of the building's expansion in spring 2016.