Saint Jude Children’s Research Hospital, founded in 1962, is a pediatric treatment and research facility focused on children’s catastrophic diseases, particularly leukemia and other cancers. The hospital costs about US$2.8 million a day to run, but patients are not charged for their care. It is located in Memphis, Tennessee, and is a nonprofit medical corporation designated as a 501(c)(3) tax-exempt organization by the Internal Revenue Service.