By Lynne Adkins

PHILADELPHIA (CBS) — They’ll be pedaling for a good cause Sunday at Children’s Hospital of Philadelphia.

It’s a Spin-In to raise money for the cardiac center.

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Ted Durkin is managing director of UBS Pennsylvania, a key sponsor of the event. He says teams pedaling stationary bicycles hope to raise more than $350,000 for a good cause.

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“Research and also to purchase equipment. The equipment is incredibly expensive, because you’re dealing a lot of time, from a cardiac standpoint, with issues in utero and research based, equipment based, and then funding overall in the allocation of CHOP,” said Durkin.

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There are two spinning sessions: 8 a.m. to noon, and 1:30 to 5:30 p.m.