Cleveland Clinic Launches $2 Billion Philanthropy Campaign
“Power of Every One” Leads up to Cleveland Clinic’s 100th Anniversary in 2021
Tuesday, June 17, 2014
Cleveland Clinic is embarking on a $2 billion philanthropic campaign, with goals to transform patient care, promote health, advance research and innovation, train caregivers, and revitalize the system’s facilities with new or renovated buildings for cancer, neurology, education and regional care. The campaign, titled “The Power of Every One” to signify the importance and impact of every gift, will culminate with the institution’s 100th anniversary in 2021.
“The Power of Every One” is the most ambitious philanthropy campaign in Cleveland Clinic history and one of the largest ever among non-profit academic medical centers. The campaign already has raised more than $600 million.
“As healthcare costs escalate and reimbursements decline, philanthropy is more crucial than ever,” said Toby Cosgrove, M.D., President and CEO of Cleveland Clinic. “The Centennial Campaign will allow Cleveland Clinic to build on our commitment to innovation, to provide the means for sophisticated technology and world-class facilities, and to deliver the highest quality healthcare to more people in more places. It will make the difference between good care and great care.”
The centennial campaign is co-chaired by Larry Pollock and Stewart Kohl. Norma Lerner is the Distinguished Chair of the campaign, and Robert E. Rich Jr., who is Chair of the Board at Cleveland Clinic, is Emeritus Chair. Rich successfully led Cleveland Clinic’s previous philanthropy campaign, “Today’s Innovations, Tomorrow’s Healthcare,” which ended in December 2010 having raised $1.4 billion, exceeding its $1.25 billion goal.
“Our goal is to assure the future of an institution that has defied the national trend and found a more effective, more efficient, and more humane model of medicine,” said Pollock, managing partner of Lucky Stars Partners, a private investment firm, and a member of Cleveland Clinic’s Board of Directors.
“When I look at Cleveland Clinic, I see a community of people dedicated to a future where hearts are strong, minds remain sharp, and people live longer and better,” said Kohl, co-CEO of the Riverside Company, a global private equity firm, serves on Cleveland Clinic’s Board of Trustees, and event chairman and founder of VeloSano. “All of us want to see that future.”
The $2 billion will be divided among four categories – Promoting Health, Advancing Discovery,
Training Caregivers and Transforming Care:
- Promoting Health ($800 million) will focus on patient experience and patient-centered facilities, including the construction of new cancer and neurology buildings, a new hospital in Avon, building projects at regional hospitals and family health centers, construction projects in Florida, renovation of the Taussig Cancer Institute building, and expansion of the Cole Eye Institute. The patient experience programs will include care coordination, patient and family services, community health and wellness, clinical patient programs, and the Arts & Medicine Institute.
- Training Caregivers ($400 million) will support scholarships, physician/caregiver training, healthcare leadership and the construction of a new state-of-the-art Health Education Campus, in partnership with Case Western Reserve University. The campus will unify space for two programs now housed apart – the original medical education offering on the Case Western Reserve campus, and the 12-year-old Cleveland Clinic Lerner College of Medicine, with the goal of making Cleveland as renowned internationally for medical education as it already is for healthcare.
- Advancing Discovery ($700 million) will bolster translational research, basic science research, clinical research and endowed chairs.
- Transforming Care ($100 million) will advance new care delivery models, evidence-based care, personalized therapies, information technology, meeting new opportunities.
“This monumental fundraising initiative will have a tremendous effect on Cleveland Clinic’s ability to transform healthcare now and in the future,” said Philanthropy Institute Chairman Armando Chardiet. “While $2 billion is a challenging goal, it will help bridge the gap between what we can afford to do and what we desire to do to continue to invent the future of healthcare.”
For more information, visit PowerOfEveryOne.org.
About Cleveland Clinic
Cleveland Clinic is a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education. Located in Cleveland, Ohio, it was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. Cleveland Clinic has pioneered many medical breakthroughs, including coronary artery bypass surgery and the first face transplant in the United States. U.S.News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. More than 3,000 full-time salaried physicians and researchers and 11,000 nurses represent 120 medical specialties and subspecialties. The Cleveland Clinic health system includes a main campus near downtown Cleveland, eight community hospitals, more than 75 Northern Ohio outpatient locations, including 16 full-service Family Health Centers, Cleveland Clinic Florida, the Lou Ruvo Center for Brain Health in Las Vegas, Cleveland Clinic Canada, and, scheduled to begin seeing patients in 2015, Cleveland Clinic Abu Dhabi. In 2012, there were 5.1 million outpatient visits throughout the Cleveland Clinic health system and 157,000 hospital admissions. Patients came for treatment from every state and from more than 130 countries. Visit us at www.clevelandclinic.org. Follow us at www.twitter.com/ClevelandClinic.
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