Children’s Hospital at Erlanger gets $2 million gift from local businessman
The bequeathed gift was made in honor of Jim Frost's granddaughter, whose life was saved at Chattanooga’s only pediatric hospital 12 years ago. The gift, a combination of two charitable remainder unitrusts, provide support for individuals close to Mr. Frost for several years and then are converted into a cash gift benefiting Children’s Hospital at Erlanger at the end date of the two trust periods.
“Jim is truly an example of Chattanooga’s remarkable corporate leadership and the importance to ‘pay it forward’,” said Mary Rustic, Director of Major and Planned Giving at Erlanger. “His extremely generous and unexpected gift will be a transformational one for Children’s Hospital and we cannot thank him enough.”
Frost told Erlanger officials “We are given just one life to live and what we do with it is up to us,” adding that he hoped this latest gift “will help improve and save the lives of many more children in the years to come.”
Alexis Frost, who now lives and works in New York, returned to Chattanooga recently to visit the construction site of the new Children’s Outpatient Center with her grandfather and father Stephen Frost.
“I will always be grateful to the staff at Children’s for saving my life 12 years ago, and now to my grandfather for what he has done to carry on his legacy of impacting the lives of even more young people with this donation,” she said.