Phelps Awarded Kresge Grant
Phelps Receives $800,000 Challenge Grant from Kresge Foundation. The funds will go toward the New Emergency Department.
September 29, 2005Keith Safian, President and CEO of the Phelps Memorial Hospital Center, announced today that the hospital has received a grant for $800,000 from The Kresge Foundation toward the construction of its new Emergency Department. The grant will assist Phelps in raising the balance required to complete its capital campaign goal of $12 million dollars, of which $10.8 million has already been raised.
Considered the gold standard in the philanthropic arena, The Kresge Foundation’s grants are made toward projects involving construction or renovation of facilities and the purchase of major capital equipment or real estate. Grant recipients have raised initial funds toward their respective projects before requesting Foundation assistance. Grants are then made on a challenge basis, requiring the raising of the remaining funds, thereby insuring completion of the projects. Located in Troy Michigan, The Kresge Foundation is an independent, private foundation created by the personal gifts of Sebastian S. Kresge and is not affiliated with any corporation or organization.
In his letter, informing Mr. Safian that the hospital had received the grant, John E. Marshall, III, President and CEO of The Kresge Foundation, wrote, “You present a compelling strategy to use a Kresge challenge grant to help leverage support from new donors and to solicit higher levels of giving from past contributors. Your plan to retain these new and increased donors, after your campaign concludes, will strengthen your organization’s private base of support for annual operating and program needs in the future.”
“We are extremely pleased to be recipients of The Kresge Foundation grant,” said Mr. Safian. “It is not lost on me that during our 50th Anniversary; Phelps receives a grant that will assist in its growth, since it was a challenge grant that was instrumental in building the hospital.”
At 18,000 square feet, the new ED will be nearly three times larger than the present department. It will have 30 private rooms, with emphasis on patients’ physical and emotional comfort and will feature state-of-the-art medical technology.
In 2004, The Kresge Foundation reviewed 636 proposals and awarded 175 grants totaling $119,434,874 to charitable organizations in the Untied States, Canada, United Kingdom, and France. Grants are made to institutions operating on the arenas of higher education, health and long-term care, arts and humanities, human services, science and the environment, and public affairs.
Phelps Memorial Hospital is a 235-bed community hospital with 450 physicians, representing 34 different medical specialties. Phelps is the Westchester Satellite for Memorial Sloan-Kettering Cancer Center, a clinical affiliate of Mount Sinai Hospital, and the newest member of the New York Presbyterian Healthcare System.