Charitable Donation Policy
Hancock Fabrics is a national company serving hundreds of communities across the country. We receive countless invitations and requests to support a variety of worthwhile charities and service agencies. However, with so many organizations requesting assistance, we quickly found that we couldn't make a really meaningful contribution to any of them within our charitable limitations.
As a result, the company determined in 1996 to concentrate all of its charitable resources to one national organization that serves all of the communities that Hancock's employees and customers represent and to try to make a meaningful impact on the lives of children across our country.
St. Jude Children's Hospital in Memphis, Tennessee is the world's leading center for the treatment and research of childhood cancer. In its 40-year history, St. Jude has led the tremendous success in increasing survival rates from almost zero to as high as 90% in many types of cancer.
The hospital, which is non-sectarian, has approximately 4,000 patients in active status. St. Jude treats children without regard to race, religion, creed, nationality or the ability to pay. ALSAC/St. Jude, the fund raising arm, covers all costs not covered by insurance for medical treatment rendered at St. Jude. Families without insurance are never asked to pay. In addition, St Jude manages to direct almost 86% of its contributions to treatment and research, as opposed to administrative expenses. The average contribution to St. Jude is $20, so the hospital's success, its very mission, depends on the commitment of thousands of individual givers.
Hancock Fabrics, Inc. supports St Jude with an annual charitable commitment, with a Company-sponsored festival each year at our headquarters to raise additional funds, through cooperative promotions with our suppliers and through payroll deduction by our 6,500 employees nationwide.
We hope you will understand why we believe that our company can have a bigger impact with our giving by dedicating our charitable resources to one outstanding organization that helps children in every community that we serve. We're extremely proud of St. Jude and the work that is done there, and we are working very hard to help them.
As a result, the company determined in 1996 to concentrate all of its charitable resources to one national organization that serves all of the communities that Hancock's employees and customers represent and to try to make a meaningful impact on the lives of children across our country.
St. Jude Children's Hospital in Memphis, Tennessee is the world's leading center for the treatment and research of childhood cancer. In its 40-year history, St. Jude has led the tremendous success in increasing survival rates from almost zero to as high as 90% in many types of cancer.
The hospital, which is non-sectarian, has approximately 4,000 patients in active status. St. Jude treats children without regard to race, religion, creed, nationality or the ability to pay. ALSAC/St. Jude, the fund raising arm, covers all costs not covered by insurance for medical treatment rendered at St. Jude. Families without insurance are never asked to pay. In addition, St Jude manages to direct almost 86% of its contributions to treatment and research, as opposed to administrative expenses. The average contribution to St. Jude is $20, so the hospital's success, its very mission, depends on the commitment of thousands of individual givers.
Hancock Fabrics, Inc. supports St Jude with an annual charitable commitment, with a Company-sponsored festival each year at our headquarters to raise additional funds, through cooperative promotions with our suppliers and through payroll deduction by our 6,500 employees nationwide.
We hope you will understand why we believe that our company can have a bigger impact with our giving by dedicating our charitable resources to one outstanding organization that helps children in every community that we serve. We're extremely proud of St. Jude and the work that is done there, and we are working very hard to help them.