Mother Cabrini Health Foundation

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This is an old revision of this page, as edited by Citation bot (talk | contribs) at 00:48, 2 July 2021 (Alter: title. | Use this bot. Report bugs. | Suggested by Ost316 | Category:Pending AfC submissions | #UCB_Category 3216/4140). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

  • Comment: Letting editors know that I am submitting this draft for review on behalf of the Mother Cabrini Health Foundation, rather than creating the article myself since I have a conflict of interest (my full disclosure is on my user page and I'll put the connected contributor template on the Talk page here, too). As the foundation is one of the largest in the U.S. and the largest charitable foundation focusing on health in New York, I believe it meets Wikipedia's notability guidelines. I'm looking forward to feedback from editors. Thanks, Bvar on Wiki (talk) 21:12, 24 May 2021 (UTC)
Mother Cabrini Health Foundation
Named afterMother Cabrini
Established2018; 6 years ago (2018)
TypePrivate Nonprofit
Legal statusFoundation
PurposeProviding grants to improve health and quality of life for low-income and underserved communities in New York
Location
  • New York, United States
Region served
New York State
Key people
Rev. Msgr. Gregory Mustaciuolo, CEO
Alfred F. Kelly, Chair[1]
Websitecabrinihealth.org

Mother Cabrini Health Foundation is a private American charitable foundation that provides funding for healthcare and health-related initiatives in New York State, aimed at low-income and underserved communities. It is the largest health foundation focused only on New York.

History

The foundation was created in 2018 following the sale of Fidelis Care,[2] a private nonprofit health plan that was incorporated by New York State's Catholic bishops in 1993.[3][1] The board of Fidelis sold the plan to Centene for $3.75 billion.[1] As part of the purchase agreement, the Mother Cabrini Health Foundation was created and funded with $3.2 billion from the sale.[1][4]

The foundation awarded its first round of grants for year-end 2019 to benefit programs in 2020, totaling approximately $150 million.[5][2] It provided grants to around 500 organizations and initiatives,[2] including Gates Vascular Institute and the John R. Oishei Children's Hospital.[6] In 2020, the foundation committed an additional $50 million of funding, specifically to support COVID-19 related programs that would help New Yorkers affected by the virus.[7][8] For its year-end 2020 grants, the foundation provided $115 million to 400 recipients including the Brooklyn Hospital Center, Montefiore Medical Center, NYC Health + Hospitals,[5][9] Canisius College,[10] and Hilbert College.[11] The organization awarded a total of $165 million in grants for 2020.[12] In May 2021, it announced an additional $20 million in funding for COVID-19 related programs.[13]

Organization

The foundation is headquartered in New York City.[14] It was named for Mother Frances Xavier Cabrini, a Roman Catholic nun who founded the Missionary Sisters of the Sacred Heart of Jesus and was the first naturalized American citizen to be canonized a saint. She worked to help poor immigrants and children in New York, and the charity aims to continue her legacy.[2][1]

The foundation is among the 25 wealthiest charitable foundations in the United States, based on its assets, and the largest to focus on New York State.[14] Grants from the foundation are provided to initiatives and organizations that support underserved and low-income communities in New York State and aim to improve healthcare and quality of life, specifically social determinants of health.[2][15]

The former vicar general and chancellor of the Archdiocese of New York, Rev. Msgr. Gregory Mustaciuolo, is the organization's CEO.[16]

References

  1. ^ a b c d e Robinson, David (May 8, 2018). "Catholic Bishops launch $3.2 billion Mother Cabrini Health Foundation to aid New Yorkers". Rockland/Westchester Journal News. Retrieved February 22, 2021.
  2. ^ a b c d e Woods, John (March 11, 2020). "Initial Grants by Mother Cabrini Health Foundation Include Many Recipients in the Archdiocese". Catholic New York. Retrieved February 22, 2021.
  3. ^ "Notable In Healthcare 2020: Monsignor Gregory Mustaciuolo Chief Executive Officer, Mother Cabrini Health Foundation". Crain's New York. 2021. Retrieved February 26, 2021.
  4. ^ Prest, M. J. (March 10, 2020). "New Health Foundation Commits $150 Million in Inaugural Round of Giving". Chronicle of Philanthropy. Retrieved February 22, 2021.
  5. ^ a b Small, Eddie (February 24, 2021). "Northwell, Montefiore among recipients of Mother Cabrini grants". Crain's New York. Retrieved February 26, 2021.
  6. ^ Drury, Tracey (March 3, 2020). "Cabrini Foundation awards millions in WNY, $150M across New York". Buffalo Business First. Retrieved February 22, 2021.
  7. ^ Ochs, Alyssa (April 4, 2020). "At the Pandemic's Epicenter, Here is What Grantmakers Are Doing in the Tri-State Area". Inside Philanthropy. Retrieved February 22, 2021.
  8. ^ Drury, Tracey (March 31, 2020). "Foundation commits $50M to New York organizations addressing coronavirus". Buffalo Business First. Retrieved February 22, 2021.
  9. ^ Prest, M.J. (February 24, 2021). "Grants Roundup: Dallas Mavericks Basketball Team Awards Emergency Grants for Winter Storm Relief in Tex". The Chronicle of Philanthropy. Retrieved February 26, 2021.
  10. ^ McNeil, Harold (March 17, 2021). "Canisius College awarded $767,500 grant for physician assistant program". Buffalo News. Retrieved April 15, 2021.
  11. ^ "Hilbert awarded largest grant in its history to aid vulnerable students". Buffalo News. February 24, 2021. Retrieved April 15, 2021.
  12. ^ "Mother Cabrini Health Foundation awards $115 million in grants". Philanthropy News Digest. February 28, 2021. Retrieved March 1, 2021.
  13. ^ "Mother Cabrini Foundation awards $20 million in COVID-19 relief". Philanthropy News Digest. May 7, 2021. Retrieved May 14, 2021.
  14. ^ a b Orr, Leanna (September 18, 2018). "New $3 Billion Foundation Needs a CIO — And, Eventually, Asset Managers". Institutional Investor. Retrieved February 22, 2021.
  15. ^ "Catholic health foundation names team, preps for grant making". Crain's New York. April 17, 2019. Retrieved February 22, 2021.
  16. ^ "The 2021 Health Power 100: 51-100". City & State. 2021. Retrieved February 22, 2021.

External links

Official website

Category:Foundations Category:Medical and health foundations in the United States Category:Non-profit organizations based in New York (state)

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