Give by Dec. 31 for 2009 Tax Benefits
The year is drawing to a close. To receive a charitable deduction for this year’s taxes, gifts must be made on or before Dec. 31.
Charitable gifts of appreciated stock offer a double tax benefit. In addition to receiving the charitable income-tax deduction for the full fair-market value of the stock, you could escape any potential tax on the capital gain.
Recently, Cleveland Clinic implemented an enhanced stock transfer process, an initiative made possible through a new relationship with BNY Mellon Capital Markets (MCM). MCM offers improved efficiency in transferring gifts of securities to Cleveland Clinic.
Please note: Dreyfus no longer will coordinate transfers of securities to Cleveland Clinic.
New delivery instructions and forms are available. Please call Valerie Maras, Treasury, Cleveland Clinic, at 216.636.7361, and she will be happy to arrange the transfer.
Gifts of stock and other assets to Cleveland Clinic are dated. Learn more
Lakewood Hospital Foundation Appreciation Event
An event in appreciation of the Lakewood Hospital Foundation took place Oct. 8 on the rooftop of the Sydell and Arnold Miller Family Pavilion. The evening recognized the accomplishments of Lakewood Hospital and celebrated the generosity and leadership of the Lakewood Hospital Foundation. The program included an update on the hospital’s Vision for Tomorrow, presented by Fred DeGrandis, President and Chief Executive Officer, Regional Hospitals. View event photos
Tickets Still Available for 10th Annual Scott Hamilton Ice Show and Gala
Ice-skating fans who are eager to see Olympic champion Scott Hamilton’s first performance in five years still can buy tickets to the 10th Annual An Evening with Scott Hamilton and Friends ice show and gala at Quicken Loans Arena on Saturday, Nov. 7.
Hamilton, 51, returns to the ice for his first performance since being diagnosed with a benign brain tumor.
Also performing will be the rock band Cheap Trick, the Cleveland Pops Orchestra and a lineup of Mr. Hamilton’s fellow Olympic and professional skaters including Kristi Yamaguchi, Katia Gordeeva, Ilia Kulik, Todd Eldredge and Steven Cousins.
The ice show and gala benefit The Scott Hamilton CARES Initiative (Cancer Alliance for Research, Education and Survivorship) at the Cleveland Clinic Taussig Cancer Institute, which supports programs for cancer patients and survivors and cancer research. More information on The Scott Hamilton CARES Initiative is available at scottcares.org, or through the CARES hotline, 216.445.2573.
The ice show begins at 5 p.m., and the gala follows at 7:30 p.m. in the Grand Ballroom of the Renaissance Cleveland Hotel. Tickets for the ice show start at $24.50 and are available by visiting theqarena.com or by calling 1.888.894.9424. For tickets to the gala benefit dinner, please call Liz Lindecke of the CARES Initiative at 216.445.0099 or visit scottcares.org.
Fred G. Peelen Lobby Dedicated
The Fred G. Peelen Lobby of the Global Patient Services Center in the InterContinental Hotel and MBNA Conference Center was dedicated on Sept. 25.
At the dedication, Floyd Loop, MD, former Chairman and CEO, Cleveland Clinic, and William Ruschhaupt, MD, Chairman, Global Patient Services, unveiled a plaque in the lobby recognizing Mr. Peelen’s generous gift of $1 million in support of Cleveland Clinic’s Global Patient Services.
Mr. Peelen is the retired President and CEO of InterContinental Hotels-Americas.
Borra Endowed Chair Supports Liver Disease Research
A substantial gift from the Borra Family Foundation will support the Pier C. and Renee A. Borra Family Endowed Chair in Gastroenterology and Hepatology. Arthur McCullough Jr., MD, Chairman of the Department of Gastroenterology and Hepatology in the Digestive Disease Institute, will be the first to hold the chair, which was dedicated on Sept. 17.
The chair supports the work of the Chairman of the Department of Gastroenterology and Hepatology within the Digestive Disease Institute. Dr. McCullough is widely known for his research in fatty liver disease and will apply the funds from the chair to support his efforts in this area. He is investigating the mechanisms of how this disease, which he says affects 90 million people in the United States, can lead to cirrhosis of the liver as well as cancer and heart disease.
Lamborn Chair Supports Neuro-Oncology Research
The Robert W. and Kathryn B. Lamborn Chair for Neuro-Oncology was dedicated on July 30 in Naples, Fla. Michael Vogelbaum, MD, PhD, Associate Director of Cleveland Clinic’s Brain Tumor and Neuro-Oncology Center, is the first chair holder. A gift from Mr. and Mrs. Lamborn of Naples, the chair supports Dr. Vogelbaum’s work in brain cancer research and education.
Seidman Family Contributes $6 Million to Hillcrest Hospital Project
Jane H. and Lee G. Seidman, lifelong residents of Cleveland, have pledged $6 million to Hillcrest Hospital to help fund a new 72-bed patient tower at the Mayfield Heights hospital. The family has now pledged $23 million to Cleveland Clinic and its health system.
The donation was announced today at a Topping Out ceremony celebrating the placement of the final steel beam of the tower. The new patient tower, which is part of the $163 million expansion and renovation at Hillcrest Hospital, will be named the Jane and Lee Seidman Tower.
“Their generosity is a true benefit to this community,” said Fred DeGrandis, President and CEO, Cleveland Clinic Regional Hospitals. “We are very appreciative of their unwavering kindness and we plan to utilize their gift to enhance the excellent care we provide at Hillcrest Hospital.”
In addition to the 72-bed patient tower, the five-year Expanding Excellence at Hillcrest Hospital, which is part of Cleveland Clinic’s regional hospitals, will include the following major components:
- An expansion and total redesign of the Emergency Department that will double the size to accommodate the increasing volume in the adult and pediatric areas, as well as allow for our Chest Pain Center and the development of a Stroke Center
- Fully redesigned and expanded operating rooms and surgical services
- Development of a Level III Neonatal Intensive Care Unit and renovated labor and delivery and postpartum areas
- Major infrastructure improvements to handle the increasing space and technology needs of the new addition
- Renovations and cosmetic improvements to the hospital's main bed tower
- Major infrastructure improvements to handle the increasing space and technology needs of the new addition
The Seidmans consider the Hillcrest project a priority and made special efforts to include it in their philanthropy plans. In spite of the current economic downturn, they felt it was important to move forward now.
“Hillcrest Hospital is a great institution that will continue to serve patients for years to come,” Mr. Seidman said. “This expansion is a great investment in the Cleveland community, and we are pleased to be a part of it.”
In addition to supporting a community asset, the Seidmans’ gift is offered in personal thanks. Six of their nine grandchildren were born at Hillcrest Hospital.
The Seidmans previously pledged $17 million to Cleveland Clinic to endow a chair in functional neurosurgery and to advance researching and patient care in areas dealing with the heart and the brain. Mr. Seidman is the original owner of The Motorcars Group, which he founded in 1958 and grew to 12 automobile dealerships that delivered more than 300,000 cars in his 51-year automotive career.
Scott Hamilton to Perform at Ice Show on Nov. 7
Olympic ice-skating champion Scott Hamilton, 51, will return to the ice after a five-year hiatus. This will be his first performance since being diagnosed with a benign brain tumor. His skating debut will be the highlight of the 10th Annual An Evening with Scott Hamilton and Friends ice show and gala at Quicken Loans Arena on Saturday, Nov. 7.
Also performing will be the rock band Cheap Trick, the Cleveland Pops Orchestra and a lineup of Mr. Hamilton’s fellow Olympic and professional skaters.
The ice show and gala benefit The Scott Hamilton CARES Initiative (Cancer Alliance for Research, Education and Survivorship) at the Cleveland Clinic Taussig Cancer Institute, which supports programs for cancer patients and survivors and cancer research. More information on The Scott Hamilton CARES Initiative is available at scottcares.org, or through the CARES hotline, 216.445.2573.
The ice show begins at 5 p.m., and the gala follows at 7:30 p.m. in the Grand Ballroom of the Renaissance Cleveland Hotel. For tickets to the ice show, available beginning October 1, please visit theqarena.com. For tickets to the gala benefit dinner, please call Liz Lindecke of the CARES Initiative at 216.445.0099.
James Saporito to Lead Development
James Saporito has been named Interim Chairman, Cleveland Clinic Institutional Relations and Development, assuming responsibilities Sept. 1.
Mr. Saporito joined Cleveland Clinic in 2005 and most recently served as Vice Chairman, Central Development, Institutional Relations and Development. Mr. Saporito has overseen fundraising activities for the Taussig Cancer Institute, Corporate and Foundation Relations, Alumni Relations and national and international programs.
He held prior development positions at Case Western Reserve University, the Alzheimer’s Association and Hawken School.
Today’s Innovations, Tomorrow’s Healthcare: Campaign for Cleveland Clinic surpassed the $ 1 billion mark last year, with an end goal of $1.25 billion.
Courageous Patients Honored: Children’s Hospital’s HeartThrob Ball Draws a Record Crowd
Cleveland Clinic Children’s Hospital’s 19th Annual HeartThrob Ball was the most successful to date, thanks in great part to the efforts of its volunteer leaders.
It raised over $475,000, a 50 percent increase over the previous year.
Honorary Chairman Umberto Fedeli and other volunteers worked tirelessly to pull off the July 24 event, which drew nearly 800 people and, as in years past, honored three pediatric patients who have demonstrated great character in overcoming a challenging obstacle in life.
This year’s Courage Award recipients are Austin Tome, 13, of Ashtabula, Remington Feller, 12, of Elyria, and Logan Huba, 18, of Akron.
HeartThrob Ball attendees learned about the courage of these young patients:
- Austin was diagnosed with a malignant, soft tissue tumor that started in his abdomen and liver in 2007. That year he underwent chemotherapy and received a liver transplant. Throughout his on and off treatment in the past two years, Austin’s caring spirit has not wavered. Austin is known among hospital staff for presenting his transplant surgeon with a locket that says, “My hero,” and he is often seen caring for his baby brother who was born during this period.
- Remington was diagnosed with Duchenne muscular dystrophy in 2005, a genetic disease that causes muscle deterioration and inevitable loss of mobility with time. Faced with a treatment plan that was expected to postpone the need of a wheelchair for only 18 months, Remington has defined perseverance as he continues to swim and play baseball today, more than four years later.
- Logan woke up one morning in 2007 unable to walk. He was diagnosed with fibrocartilaginous embolism, a rare condition that caused scar tissue in his spinal cord, and he required a wheelchair. Since then, Logan has tirelessly worked to regain mobility and today he walks with only one leg brace. During his rehabilitation, he was named an Eagle Scout and he now attends the University of Akron, where he is studying biomedical engineering.
Among other highlights of the event, attendees also were treated to musical entertainment by Kenny Loggins, a two-time Grammy Award-winner who has had dozens of hits both as a solo artist and with Loggins & Messina.
Eric Klein, MD, to Hold Novick Chair
The Andrew C. Novick, MD, Distinguished Chair in Urology, established at Cleveland Clinic in 2005, was rededicated Wednesday, June 17. Eric Klein, MD, Chairman of the Glickman Urological & Kidney Institute, is the new chair holder.
The chair is supported by several Cleveland Clinic benefactors including Babs and Carl Glickman, Gloria and Irving Fine, Eugenia and Dr. William Kiser, John and Marisa Payiavlas, and Ronald Weinberg.
Dr. Klein is a leader in the biology and management of prostate cancer. His clinical interest is the study of urologic cancers, including those of the prostate, bladder, testis and kidney. He also is widely known for his reconstructive surgeries. He is editor of the scientific journal Urology and President-Elect of the Society of Urologic Oncology.
Mal Mixon, Chairman of the Board of Trustees at Cleveland Clinic and Chairman and CEO of Invacare Corp., moderated the event, which also honored the memory of Dr. Novick, former Chairman of the Glickman Urological & Kidney Institute, who passed away on Oct. 18, 2008.
Partners in Philanthropy Celebration Features the Arts
“The Art of Healing” was the focus of the 2009 Partners in Philanthropy Celebration on June 9 at the InterContinental Hotel. The annual event was created to thank Cleveland Clinic supporters and update them on the latest Cleveland Clinic developments.
During the program, Tom Kay of Sun City Center, Fla., received the George W. Crile Sr. Award. The award was established in 2003 by Cleveland Clinic’s Pyramid Legacy Society to recognize individuals for their longstanding service, extraordinary commitment and outstanding contributions of time, talent and resources. Mr. Kay’s support is through a variety of gift options, including a bequest and several charitable gift annuities established by him and his wife, Margaret, who passed away in 2002.
Endowment supporters attended a breakfast at which Joseph F. Hahn, MD, Chief of Staff, announced that Cleveland Clinic now has 82 endowed chairs and more than 150 endowed funds.
Later in the day, Delos M. Cosgrove, MD, President and CEO, delivered a “State of Cleveland Clinic” address, which was followed by a panel discussion on arts and medicine featuring Kamal Chemali, MD, Director, Music & Medicine Program in the Arts & Medicine Institute and staff member of the Neurological Institute; Joanne Cohen, Executive Director and Curator, Cleveland Clinic Art Program; Iva Fattorini, MD, Executive Director, Arts & Medicine Institute; Nancy McCann, President and Treasurer, Kulas Foundation; and Naj Wikoff, President Emeritus, Society for the Arts in Healthcare.
Event participants also explored a variety of health and wellness exhibits and enjoyed a luncheon followed by guided tours of Cleveland Clinic artwork.
The event honored benefactors and friends, who, in 2008, broke their giving record for the seventh consecutive year with gifts totaling $183 million, bringing Cleveland Clinic closer to its $1.25 billion goal for Today’s Innovations, Tomorrow’s Healthcare: Campaign for Cleveland Clinic. Campaign contributions to date total $1.18 billion.
View Partners in Philanthropy images.
Special Exhibit Features Rare Automobile
A rare antique Italian luxury automobile, a 1928 Isotta Fraschini Tipo 8A SS, is on special exhibit in the Glickman Tower lobby now through June 22. “The Art of Automobile Design” exhibit presented by Cleveland Clinic’s Arts & Medicine Institute is generously loaned to Cleveland Clinic and supported by collector and owner, Peter T. Boyle of Oil City, Pa.
The Isotta Fraschini Tipo 8 is to Italians what the Rolls-Royce is to the British, but more exclusive. It represents the epitomy of Italian automobile luxury, design and popularity. Just as the Rolls-Royce brand was established with the founders’ surnames, so it was for Isotta Fraschini, named after company founders Cesare Isotta and Oreste Fraschini. They established their business after years of successfully importing Renaults from France to Italy. In 1900, the Societa Milanese Automobili Isotta, Fraschini & C., was founded. Its motto: “Import, sell, repair cars.”
Please join Mr. Boyle in the Glickman Tower lobby for a discussion about this unusual and beautiful car on the following dates:
June 4 – 9:45 a.m. and noon
June 5 – 2:15 p.m.
June 9 – 3 p.m.
June 10 – noon June 18 – 3 p.m.
June 19 – noon
The Glickman Tower is located at 93rd Street and Euclid Avenue. Enter through the Sydell and Arnold Miller Family Pavilion and proceed through the Great Hall to the Glickman Tower lobby. View a campus map.
Publications Spotlight Research, Innovation, Benefactors
New and archived issues of the following Cleveland Clinic publications are available online.
Cleveland Clinic Magazine showcases advances in clinical care, innovation, education and research, as well as intriguing stories about Cleveland Clinic benefactors. In the latest issue, read about innovations in educating children with autism, the intersection of music and medicine, and the importance of research to patient care.
Catalyst presents inspiring stories of supporters whose gifts help further Cleveland Clinic’s mission. A special commemorative issue highlights the 2008 opening of the Sydell and Arnold Miller Family Pavilion and the Glickman Tower. The current issue features supporters Neil and Polly Rossborough and includes information on the 2008 year in philanthropy.
Pyramid offers helpful information on charitable gift planning and highlights individuals making planned gifts. In the newest issue, Rae and Dr. Alan Mandel discuss their reasons for supporting research at Cleveland Clinic’s Cole Eye Institute.
Catalyst eNews covers research, patient care, innovations and supporters’ generosity. This month, read about the latest developments at Cleveland Clinic’s regional hospitals.
Fasenmyer Foundation Supports Center Expansion
Richard J. Fasenmyer Foundation is supporting a $1.5 million expansion of the Richard J. Fasenmyer Center for Clinical Immunology at Cleveland Clinic. Work is to begin this year on the expanded center, located within the Orthopaedic and Rheumatologic Institute in the Crile building. The renovated space will allow Cleveland Clinic to increase its staffing and expand community outreach, research and education.
Since 1991, the Fasenmyer Foundation has committed more than $6.5 million to the work of Leonard H. Calabrese, DO. Its support includes the R. J. Fasenmyer Chair in Clinical Immunology, established in 1999, and the founding of the Richard J. Fasenmyer Center for Clinical Immunology in 2005. Dr. Calabrese, who leads the Fasenmyer Center, is the first Cleveland Clinic physician to hold two chairs. In addition to the Fasenmyer Chair, he holds the Theodore F. Classen, DO, Chair in Osteopathic Research and Education.
Richard J. Fasenmyer, who passed away in 2002, was a Cleveland-area industrialist who founded RJF International Corp., a world leader in the manufacturing and distribution of interior wall coverings, industrial matting products and specialty films. The field of medicine, and especially immune-deficiency diseases, was among his many philanthropic interests.
Gund Foundation Supports Chair for Cleveland Clinic Eye Research
A $2 million gift from the Gordon and Llura Gund Foundation will support ophthalmology research at Cleveland Clinic's Cole Eye Institute.
The Llura and Gordon Gund Endowed Chair for Ophthalmology Research will support investigations into diseases of the retina, especially retinitis pigmentosa and associated degenerative diseases. Joe G. Hollyfield, PhD, will be the first chair holder.
Mr. Gund, who is blind from retinitis pigmentosa, is the Chairman of the Board of Directors of The Foundation Fighting Blindness, an organization that he co-founded in 1971. He formerly was the principal owner of the Cleveland Cavaliers and a co-owner of the San Jose Sharks NHL team. Currently, he is the CEO of Gund Investment Corp. and a minority owner of the Cavaliers.
Juzo Sock Sale Benefits Women's Health Institute Program
Juzo’s special promotional sale of its pink Silver Sole socks has raised $5,000 for the Lymphedema Program at Cleveland Clinic’s Women’s Health Institute.
Lymphedema, a side effect that sometimes follows breast cancer surgery, causes swelling, most often in the arms and legs.
“The silver sole sock is knitted with silver fibers, helping to keep feet healthy by eliminating nearly all bacteria. We developed the pink silver sole to increase breast cancer awareness and support breast cancer research,” says Tom Musone, Juzo’s Marketing Director. “Our main product line includes compression arm sleeves and stockings that help manage lymphedema.”
Juzo, which manufactures medical compression garments in Northeast Ohio, is a partner of Cleveland Clinic, Mr. Musone says. This is the first time the company has offered such a promotion. “We wanted to do this because we’re a healthcare company that believes in giving back to the community,” Mr. Musone says.
Lakewood Hospital Foundation Makes $5 Million Gift to Lakewood Hospital
A $5 million gift from the Lakewood Hospital Foundation to Lakewood Hospital will help support the hospital’s new multi-year strategic plan called Vision for Tomorrow. Delos M. Cosgrove, MD, President and CEO of Cleveland Clinic, announced the gift Monday at a meeting of Cleveland Clinic’s Board of Trustees.
For more than 50 years, the Lakewood Hospital Foundation has worked to enhance Lakewood Hospital patient care programs. The foundation serves as a bridge between the community and Lakewood Hospital, a Cleveland Clinic hospital, and provides an innovative approach to fundraising and philanthropic activities.
The multi-year strategic plan encompasses a variety of changes to Lakewood Hospital, which place a greater emphasis on improving the patient experience, establishing centers of excellence and advancing the management of chronic disease.
In addition, Lakewood Hospital’s medical staff has pledged its support of $500,000 to Vision for Tomorrow.
