A Foundation for Growth
There was a time, decades ago, when one of the duties of Baptist's administrative residents involved looking after the hospital's financial investments. This involved a trip to a Mississippi farm to check on Baptist's most substantial investment - a prized bull. At Baptist, investments made with proceeds from non-patient revenue sources (such as parking fees and the gift shop) were a primary means for acquiring new technologies and launching new services. A. E. Jennings, the Mississippi planter who served as the hospital's first superintendent, sometimes invested his own funds as well.
As a result of his foresight and vision, the foundation of the Baptist Memorial Health Care Foundation was laid during the 1940s and '50s and involved such far-ranging investments as a grocery store, a commercial shipping dock in Houston, and a share of the Black Angus sire (which Baptist ultimately sold for $500,000).


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