ATLANTA, Feb. 29 Children's Healthcare of Atlanta, one ofthe country's leading pediatric healthcare systems, announced today a landmarkinvestment in the future of pediatric research in Georgia. The Children'sBoard of Trustees designated $430 million of the Children's endowment towardpediatric research.
"Annually, income generated from this Board-designated fund will beinvested in pediatric research," said James E. Tally, Ph.D., president and CEOof Children's, "and the remainder will be restricted for future growth of thepediatric research program."
Though this amount is historic, Children's predicts that more than threetimes the spending amount available from the $430 million endowment will beneeded to meet long-range pediatric research goals as part of the 10-year planput forth by Children's. The not-for-profit hospital system will continue toseek community support to meet this commitment.
"The Children's Board of Trustees, with great vision and forethought, hasinitiated a plan that will not only continue the organization's focus onoutstanding clinical care but also will propel pediatric research in Georgiato among the best in the nation," said Joe Rogers Jr., Chair of the Children'sBoard of Trustees and CEO of Waffle House Inc.
To help meet the long-range pediatric research goals set forth in theplans, Children's will leverage its partnerships with outstanding academic andresearch institutions in Georgia, including Emory University and GeorgiaInstitute of Technology.
"Emory and Children's have a longstanding relationship that has continuedto grow over the years," said Fred Sanfilippo, M.D., Ph.D., Executive VicePresident for Health Affairs, Emory University. "We have worked together tobuild the Emory Department of Pediatrics and the Emory-Children's Center andto make a difference in the lives of children and their families. Emory isexcited about what this pediatric research investment means for the future ofboth our organizations and for the health of children."
In 2006, Children's, in conjunction with Emory and Georgia Tech, launchedthe Center for Pediatric Outcomes and Quality (CPOQ) as part of the HealthSystems Institute at Georgia Tech.
"Children's has become an important research partner with Georgia Tech,"said Dr. G. Wayne Clough, president, Georgia Tech. "The CPOQ is focused onoperating as a catalyst for discoveries affecting the health of our children.This long-term vision for pediatric research is a bold step toward building aworld-class pediatric research engine right here in Georgia."
The success of the merger of Egleston Children's Hospital and ScottishRite Children's Medical Center in 1998 and the addition of Hughes SpaldingChildren's Hospital, combined with the leadership of the Children's Board ofTrustees, provides Children's the opportunity to align significant resourcesfor the future of Georgia's children. During its first 10 years, Children'shas invested in programs and research that led to Child magazine naming theorganization as the No. 3 children's hospital in the nation.
Building upon this success, the Children's Board of Trustees approved acomprehensive 10-year plan called Vision 2018, which includes continued focusand strengthening of its clinical mission, while expanding its focus inresearch, teaching and wellness.
About Children's Healthcare of Atlanta:
Children's Healthcare of Atlanta, one of the leading pediatric healthcaresystems in the country, is a not-for-profit organization that benefits fromthe generous philanthropic and volunteer support of our community. Operatingthree hospitals with more than half a million patient visits annually,Children's is recognized for excellence in cancer, cardiac, neonatal,orthopaedic, pulmonology and transplant services, as well as many otherpediatric specialties. To learn more about Children's Healthcar