MEMPHIS, Tenn., Nov. 14, 2016 /PRNewswire-USNewswire/ -- FedExFamilyHouse, a home away from home to out-of-town families of patients at Le Bonheur Children's Hospital, will expand to triple its size by year 2018. A fundraising campaign, "Building on the Promise," has been launched to raise the $12 million construction cost of expansion.
The "Building on the Promise" campaign begins with an inaugural gift of $5 million over five years from FedEx Corp. (NYSE: FDX) and personal donations from Frederick W. Smith, president and CEO of FedEx Corporation and his wife Diane, and Alan B. Graf, Jr., executive vice president and chief financial officer of FedEx Corporation, and his wife Susan. The balance will be raised through a yearlong drive for donations. Since its opening in 2010, the FedExFamilyHouse has welcomed more than 100,000 family members from across the world at the house at no charge. The current 25,000 square foot facility is comprised of 24 suites, kitchen and dining facilities, an indoor recreational space and family lounges. In the same period, Le Bonheur has recruited more than 100 new pediatric experts and researchers and has seen rapid growth of the hospital's national and international reputation. This growth has also fueled a 40 percent increase in the need for lodging at FedExFamilyHouse. However, the current capacity is unable to meet this demand, and many families must make alternative arrangements for housing during their child's stay at the hospital.