Current Events and Foundation News
Mt. Sinai approves $3.4 million in grants
$3 million awarded to CWRU School of Medicine
Cleveland, Ohio (June 6, 2011) - The Mt. Sinai Health Care Foundation today approved new grants totaling $3,395,406, including $3 million to Case Western Reserve University School of Medicine that includes $2 million for continuation of the Mt. Sinai Scholars Program in the basic sciences and a $1 million challenge grant to for the Dean’s Catalytic Fund.
The Mt. Sinai Scholars program has already recruited 18 young basic science research stars to Case Western Reserve to initiate research careers here and grow Cleveland’s bioscience community. The new $2 million grant will provide start-up funds to recruit an additional six Scholars over the next three years.
According to Foundation President Mitchell Balk, the Dean’s Catalytic Fund grant will allow Case Western Reserve School of Medicine Dean Pamela B. Davis, MD, PhD, to continue to implement her vision for the School by investing in faculty recruitment and retention, shared equipment and special educational programs. “By structuring this as a matching grant, both Mt. Sinai and Case hope to energize the School’s donor base to join in the effort to strengthen our medical school,” said Balk. “It is vital to our future as a center of medical innovation that Cleveland continues to have a top tier medical school.”
The Mt. Sinai Health Care Foundation was formed as a result of the 1996 sale of Cleveland's Mt. Sinai Medical Center and related hospitals. The Foundation's purpose is to assist Greater Cleveland's organizations and leaders improve the health and well-being of the Jewish and general communities now and for generations to come. At December 31, 2010, the Foundation’s assets exceeded $130 million. Since grantmaking began in 1997, the Foundation has distributed more that $78 million to improve health status in Greater Cleveland.
