Ice Bucket Challenge has lifted $220 million worldwide
December 13, 2014 - als
Staff Reporter- Washington Business Journal
The Ice Bucket Challenge, this summer’s viral phenomenon, has lifted a sum of $220 million globally, according to ALS Association CEO Barbara Newhouse. That’s scarcely double a figure used in many stating about a windfall.
It’s a lot of money, and a lot of ice, to foster recognition of amyotrophic parallel sclerosis, a illness ordinarily famous as Lou Gehrig’s disease.
A small some-more than half a income — $115 million— was collected by a Washington-based nonprofit. But dependent chapters in a U.S. and around a universe collected another $105 million, including $16 million in Canada, Newhouse told me Friday.
Newhouse and a ALS Association were respected by a Washington Business Journal Thursday during a CEO of a Year Awards, for carrying one of a best selling campaigns of 2014.
In October, a ALS Association minute how it would spend about one-fifth of a money. Newhouse told me Friday a classification will announce a new turn of investigate appropriation early subsequent year.
The classification also skeleton to name by Feb an investment organisation to assistance conduct a money. Five firms have been short-listed: JPMorgan Chase Co., Morgan Stanley, Wells Fargo, Goldman Sachs, and Merrill Lynch/U.S. Trust.
“This will all be short-term investment,” Newhouse said. “We are not going to lay on this income for 15 or 20 years.”
Earlier this week, Sports Illustrated respected Pete Frates as a “Inspiration of a Year.” The former Boston College ball star was diagnosed with ALS dual years ago. This summer, he posted a Facebook video that started a phenomenon.
Mark Holan covers a economy and income — banking, finance, private equity, corporate burden and veteran services.