Campaign collecting funds for new Children’s Memorial in Chicago

A campaign to tap Chicago's philanthropic community for at least $600 million, or about 60% of what's needed to build a replacement for Children's Memorial Hospital, has been unveiled. Christopher Reyes, chairman of the medical center's board of directors, said the "Heroes for Life" campaign is the most ambitious in the hospital's 126-year history. Executives say they have raised $400 million and are pressing for at least an additional $200 million from philanthropy. Aside from philanthropy, Children's executives say they will put investment returns and sale of real estate toward the remaining $400 million.