Some doctors thrive in a personality-based clinic and have a loyal following no matter what services or equipment they offer, but for most chiropractic offices who are trying to grow and expand, new equipment purchases help us stay relevant and continue to service our client base in the best, most up-to-date manner possible. So, regarding equipment purchasing: should you lease, get a bank loan, or pay cash?
Logan College Meets the Challenge -- and Then Some
In the Nov. 5, 1993 issue of "DC," we reported the 75,000 matching funds challenge offered to Logan College of Chiropractic by William Harris, DC, president of the Foundation for the Advancement of Chiropractic Education (FACE). Logan needed to raise $75,000 in cash (not pledges) by December 15, 1993 to receive the matching funds from FACE.
By the Dec. 15th deadline, Logan had not only met the challenge, but exceeded it by $52,337 and change. The $127,337.91 raised by Logan from alumni and friends of the college, and the $75,000 from FACE will go toward Logan's endowment fund. (For those of you who hate doing math, that's $202,337.91.)
"We are very grateful to the Foundation for offering this challenge," said Logan President Dr. George Goodman, crediting Dr. William Harris with motivating the college and its supporters to exceed all fundraising expectations.