Sanford donates $55M to Children's Home Society

SIOUX FALLS, S.D. (AP) - South Dakota philanthropist T. Denny Sanford has donated $55 million to Children's Home Society.

Children's Home Society says the donation, announced Tuesday, is the largest one-time gift ever received in the Sioux Falls-based nonprofit's 125-year history.

Sanford says the services provided by Children's Home Society are "invaluable," and he hopes his gift inspires others to support the organization "as it head into its next century of service."

Sanford, a billionaire credit card magnate , has made several donations to Children's Home Society over the last two decades. Children's Home executive director Bill Colson says Sanford approached him about the organization's greatest need.

The latest gift will help expand Children's Inn facilities, which will include the T. Denny Sanford Shelter of Hope, and fund Children's Home statewide staff recruitment and development.

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