Mother Cabrini Health Foundation
Named afterMother Cabrini
Established2018; 6 years ago (2018)
TypePrivate Nonprofit
Legal statusFoundation
PurposeProviding grants to improve health and quality of life for low-income and underserved communities in New York
Location
  • New York, United States
Region served
New York State
Key people
Rev. Msgr. Gregory Mustaciuolo, CEO
Alfred F. Kelly, Chair[1]
Websitecabrinihealth.org

Mother Cabrini Health Foundation is a private American charitable foundation that provides funding for healthcare and health-related initiatives in New York State, aimed at low-income and underserved communities. It is the largest health foundation focused only on New York.

History

The foundation was created in 2018 following the sale of Fidelis Care,[2] a private nonprofit health plan that was incorporated by New York State's Catholic bishops in 1993.[3][1] The board of Fidelis sold the plan to Centene for $3.75 billion.[1] As part of the purchase agreement, the Mother Cabrini Health Foundation was created and funded with $3.2 billion from the sale.[1][4]

The foundation awarded its first round of grants for year-end 2019 to benefit programs in 2020, totaling approximately $150 million.[5][2] It provided grants to around 500 organizations and initiatives,[2] including Gates Vascular Institute and the John R. Oishei Children's Hospital.[6] In 2020, the foundation committed an additional $50 million of funding, specifically to support COVID-19 related programs that would help New Yorkers affected by the virus.[7][8] For its year-end 2020 grants, the foundation provided $115 million to 400 recipients including the Brooklyn Hospital Center, Montefiore Medical Center, NYC Health + Hospitals,[5][9] Canisius College,[10] and Hilbert College.[11] The organization awarded a total of $165 million in grants for 2020.[12] In May 2021, it announced an additional $20 million in funding for COVID-19 related programs.[13]

Organization

The foundation is headquartered in New York City.[14] It was named for Mother Frances Xavier Cabrini, a Roman Catholic nun who founded the Missionary Sisters of the Sacred Heart of Jesus and was the first naturalized American citizen to be canonized a saint. She worked to help poor immigrants and children in New York, and the charity aims to continue her legacy.[2][1]

The foundation is among the 25 wealthiest charitable foundations in the United States, based on its assets, and the largest to focus on New York State.[14] Grants from the foundation are provided to initiatives and organizations that support underserved and low-income communities in New York State and aim to improve healthcare and quality of life, specifically social determinants of health.[2][15]

The former vicar general and chancellor of the Archdiocese of New York, Rev. Msgr. Gregory Mustaciuolo, is the organization's CEO.[16]

References

  1. ^ a b c d e Robinson, David (May 8, 2018). "Catholic Bishops launch $3.2 billion Mother Cabrini Health Foundation to aid New Yorkers". Rockland/Westchester Journal News. Retrieved February 22, 2021.
  2. ^ a b c d e Woods, John (March 11, 2020). "Initial Grants by Mother Cabrini Health Foundation Include Many Recipients in the Archdiocese". Catholic New York. Retrieved February 22, 2021.
  3. ^ "Notable In Healthcare 2020: Monsignor Gregory Mustaciuolo Chief Executive Officer, Mother Cabrini Health Foundation". Crain's New York. 2021. Retrieved February 26, 2021.
  4. ^ Prest, M. J. (March 10, 2020). "New Health Foundation Commits $150 Million in Inaugural Round of Giving". Chronicle of Philanthropy. Retrieved February 22, 2021.
  5. ^ a b Small, Eddie (February 24, 2021). "Northwell, Montefiore among recipients of Mother Cabrini grants". Crain's New York. Retrieved February 26, 2021.
  6. ^ Drury, Tracey (March 3, 2020). "Cabrini Foundation awards millions in WNY, $150M across New York". Buffalo Business First. Retrieved February 22, 2021.
  7. ^ Ochs, Alyssa (April 4, 2020). "At the Pandemic's Epicenter, Here is What Grantmakers Are Doing in the Tri-State Area". Inside Philanthropy. Retrieved February 22, 2021.
  8. ^ Drury, Tracey (March 31, 2020). "Foundation commits $50M to New York organizations addressing coronavirus". Buffalo Business First. Retrieved February 22, 2021.
  9. ^ Prest, M.J. (February 24, 2021). "Grants Roundup: Dallas Mavericks Basketball Team Awards Emergency Grants for Winter Storm Relief in Tex". The Chronicle of Philanthropy. Retrieved February 26, 2021.
  10. ^ McNeil, Harold (March 17, 2021). "Canisius College awarded $767,500 grant for physician assistant program". Buffalo News. Retrieved April 15, 2021.
  11. ^ "Hilbert awarded largest grant in its history to aid vulnerable students". Buffalo News. February 24, 2021. Retrieved April 15, 2021.
  12. ^ "Mother Cabrini Health Foundation awards $115 million in grants". Philanthropy News Digest. February 28, 2021. Retrieved March 1, 2021.
  13. ^ "Mother Cabrini Foundation awards $20 million in COVID-19 relief". Philanthropy News Digest. May 7, 2021. Retrieved May 14, 2021.
  14. ^ a b Orr, Leanna (September 18, 2018). "New $3 Billion Foundation Needs a CIO — And, Eventually, Asset Managers". Institutional Investor. Retrieved February 22, 2021.
  15. ^ "Catholic health foundation names team, preps for grant making". Crain's New York. April 17, 2019. Retrieved February 22, 2021.
  16. ^ "The 2021 Health Power 100: 51-100". City & State. 2021. Retrieved February 22, 2021.

External links

Official website

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