Kaul Foundation $100,000 Gift Boosts Economic Development Mission

Wednesday, March 15, 2017 Corporate News
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BIRMINGHAM, Ala., March 15, 2017 /PRNewswire-USNewswire/ -- The Hugh Kaul Foundation, which has funded many worthy programs

in the Birmingham region, is supporting Southern Research's wide-ranging economic development efforts with a $100,000 gift.

The Kaul Foundation's donation is the charitable organization's

first to Birmingham-based Southern Research, which is involved in activities including infectious disease research, drug discovery, and solar energy technology.

The foundation, created by businessman and philanthropist Hugh Kaul in 1989, has a long history of supporting area landmarks such as the Birmingham Zoo, the Altamont School, Birmingham-Southern College and the University of Alabama at Birmingham (UAB).

"The unique capabilities of the world-class scientists and engineers at Southern Research are leading to advances in disease treatment, new technologies, and more," said Sam Yates, a member of the Kaul Foundation's distribution committee.

"The Kaul Foundation is pleased to support this meaningful work, which aligns perfectly with the foundation's overall mission," he added.

Kaul was a highly regarded lumber industry executive, civic leader and four-term member of the Alabama Legislature. He was a founder and president of the Alabama Forestry Council and served as president of Kaul Lumber Co. from 1931 until his retirement.

The Hugh Kaul Foundation supports cultural, educational and civic endeavors in Birmingham, as well as Coosa and Clay counties. The foundation's giving has exceeded $70 million since its inception.

The foundation's gift to Southern Research will be placed in the endowment, with annual earnings used to support the non-profit organization's ongoing projects in economic development in the Birmingham region. Examples include:

  • A thermochemical energy storage system that enables solar power facilities to provide reliable energy when the sun isn't shining.
  • Research advancing the understanding of the Zika virus, which emerged just last year as a public health threat.
  • Extensive drug discovery efforts targeting new therapies for cancer and other diseases.

Southern Research was founded in Alabama in 1941 with a goal of improving the region's economy through the development of new technologies and technical innovations.

"Southern Research has long been a catalyst for economic development in Alabama through high-level research, collaborations, talent recruitment and commercialization," Art Tipton, Ph.D., president and CEO of Southern Research, said. "The Kaul Foundation's generous gift will add vitality to these efforts."

About Southern Research

Founded in 1941, Southern Research (SR) is an independent, nonprofit, scientific and engineering research organization that supports clients and partners in the pharmaceutical, biotechnology, defense, aerospace, environmental, and energy industries. SR's staff of nearly 500 works across four divisions: Drug Discovery, Drug Development, Engineering, and Energy & Environment. We pursue entrepreneurial and collaborative initiatives to develop and maintain a pipeline of intellectual property and innovative technologies that positively impact real-world problems. Learn more at www.SouthernResearch.org.

Media contact: Rossi Carlson, 205-581-2266

This news release was issued on behalf of Newswise(TM). For more information, visit http://www.newswise.com.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kaul-foundation-100000-gift-boosts-economic-development-mission-300423701.html

SOURCE Southern Research



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