Cardinal Timothy Dolan and the bishops of New York State announced May 8 the formation of the $3.2 billion Mother Cabrini Health Foundation to serve New Yorkers in need, funded by the sale of assets from Fidelis Care to Centene Corporation.
“The Mother Cabrini Health Foundation, born of our Catholic tradition of healing for the sick and caring for the poor, will provide assistance to needy New Yorkers of every color, every religion and every background,” Cardinal Dolan said in a press release. “Named for Frances Cabrini, the ‘Patroness of Immigrants,’ and chaired by prominent New York businessman and philanthropic leader Al Kelly, the foundation will seek to transform the lives of underserved New Yorkers from all corners of the state and set a national model for addressing the health and wellness needs of low-income communities.”
According to the release, the foundation “will grant up to $150 million annually to improve the health and well-being of vulnerable New Yorkers, bolster the health outcomes of targeted communities, eliminate barriers to care and bridge gaps in health services. It will seek to drive better care for marginalized communities, including immigrant populations and will provide flexible support for new and innovative approaches that enhance health and wellness across New York State.”
In addition to Kelly, the board includes Kathryn Ruscitto, former President and Chief Executive Officer of St. Joseph’s Health in Syracuse, Senior Vice President of Strategy at Loretto, and Administrator for Human Services of Onondaga County; and Kathryn Connerton, President and Chief Executive Officer of Lourdes Hospital in Binghamton.
Read the complete release below.
Cardinal Dolan and New York Bishops Announce Mother Cabrini Health Foundation, the Largest Foundation Serving New Yorkers in Need
Esteemed New York Businessman and Philanthropic Leader, Al Kelly, CEO of Visa, to Chair Board; Board Comprised of Prominent Health Experts, Business Leaders and Philanthropists
New York- May 8, 2018 — Cardinal Timothy Dolan and the Catholic Diocesan Bishops of New York State announced today the formation of the Mother Cabrini Health Foundation, which at $3.2 billion will be one of the largest in the United States, and the largest focused solely on New York State. The foundation will provide up to $150 million annually in grants to serve New Yorkers in need and will be steered by a board of health experts, business leaders and philanthropists chaired by Al Kelly, CEO of Visa.
The foundation is named after Sister Frances Xavier Cabrini, known as Mother Cabrini, a tireless advocate for immigrants and children and the founder of the Institute of the Missionary Sisters of the Sacred Heart of Jesus. Building upon Mother Cabrini’s historic legacy the foundation will improve the health and well-being of poor and underserved New Yorkers across all parts of the state, regardless of background, including immigrant and other marginalized communities.
In addition to Al Kelly, other inaugural board members include Robert M. Bennett, Kathryn Connerton, Samuel A. DiPiazza, Jr., Dr. Laura L. Forese, Stanley E. Grayson, Carla Harris, Catherine R. Kinney, Sister Pietrina Raccuglia, Kathryn Ruscitto, Kevin Ryan and Robert Unanue. Additional foundation board members will be named in upcoming weeks. The foundation will partner with leading private sector and governmental experts to develop innovative and impactful grantmaking programs.
“The Mother Cabrini Health Foundation, born of our Catholic tradition of healing for the sick and caring for the poor, will provide assistance to needy New Yorkers of every color, every religion and every background,” said Cardinal Timothy Dolan, Archbishop of New York. “Named for Frances Cabrini, the ‘Patroness of Immigrants,’ and chaired by prominent New York businessman and philanthropic leader Al Kelly, the foundation will seek to transform the lives of underserved New Yorkers from all corners of the state and set a national model for addressing the health and wellness needs of low-income communities.”
“It is a tremendous honor to chair the inaugural board of the Mother Cabrini Health Foundation, which will be a powerful force for good in New York and a model for other states to emulate,” said Al Kelly, board chair of the Mother Cabrini Health Foundation. “This is an historic opportunity to transform the lives of New York’s poor, neediest and most vulnerable.”
“This foundation presents a once-in-a-generation opportunity to change the trajectory for a broad and diverse group of New Yorkers,” said Kathryn Connerton, chair of the Care Compass Network and President & CEO of Lourdes Hospital in Binghamton and a newly-named board member. “It’s a true privilege to serve on the inaugural board as we work to address pressing healthcare disparities statewide.”
“Low-income New Yorkers often find it hard to maintain their health,” said Laura L. Forese, MD, Executive Vice President and Chief Operating Officer of NewYork-Presbyterian and a newly-named board member. “With partners like the Mother Cabrini Health Foundation helping to combat the social factors that perpetuate health disparities, New York’s healthcare community will be able to take these problems head on.”
“Today marks the start of a brighter future for millions of New Yorkers who will benefit from the creation of the Mother Cabrini Health Foundation,” said Kevin Ryan, President and Chief Executive Officer of Covenant House and newly-named board member. “With up to $150 million in annual grant-funding, non-profits across the state will be able to build on successful programs to empower seniors, immigrants, youth and those in the grips of drug addiction to truly live their best lives.”
“The Mother Cabrini Health Foundation will provide the critical funding we need to expand. Hundreds of organizations like mine across the state will be able to quickly and effectively scale up their operations to serve thousands more people in need, in communities that too often lack the resources and support residents need to thrive,” said Jenn Hyde, Executive Director of Catholic Charities Tri-County Services, based in Rensselaer.
“Today, nearly 1.7 million New Yorkers live in poverty. They rely on help from an increasingly strapped nonprofit community in order to survive,” said George McDonald, Founder and President of the Doe Fund. “This new foundation is a critical addition to New York City; it will help those of us working hard every day to combat poverty do it better and at a larger scale.”
The foundation will result from the sale of assets from Fidelis Care to Centene Corporation. The transaction has been approved by the New York Department of Health and the New York Department of Financial Services and is awaiting approval by the New York Attorney General.
About the Mother Cabrini Health Foundation
Fidelis Care announced in September that it signed an agreement to sell substantially all of its assets to Centene Corporation (NYSE:CNC). The proceeds from the transaction and other charitable assets of Fidelis will be used to fund the Mother Cabrini Health Foundation. The foundation will grant up to $150 million annually to improve the health and well-being of vulnerable New Yorkers, bolster the health outcomes of targeted communities, eliminate barriers to care and bridge gaps in health services. It will seek to drive better care for marginalized communities, including immigrant populations and will provide flexible support for new and innovative approaches that enhance health and wellness across New York State. This foundation will exist in perpetuity, helping generations of New Yorkers of all faiths or no faith at all and all backgrounds, and from all parts of the State.
About Mother Cabrini
Born on July 15, 1850 in a small village near the city of Milan, Italy, Mother Cabrini founded the Institute of the Missionary Sisters of the Sacred Heart of Jesus, driven to help those in need in any way that she could. She was incredibly resourceful and connected those able to donate money or volunteer their time with those struggling in her community. In 1889, Mother Cabrini arrived in New York at a time when many Italian immigrants were struggling in the grips of poverty. She organized educational classes and helped provide for orphans with nowhere else to turn. She traveled throughout the United States continuing to help the downtrodden and the neediest of our society and now her sisters are caring for new immigrants from all over the world, especially from Central and South America. In all, Mother Cabrini established 67 institutions, including schools, hospitals, nursing homes and orphanages, and remained active until her death in 1917. Mother Cabrini was canonized by Pope Pius XII in 1946, the first American citizen to be named a Saint, in recognition of her holiness and service to mankind and was named Patroness of Immigrants in 1950.
About the Initial Board
Alfred F. Kelly, Jr., Chair, has served as Chief Executive Officer of Visa, Inc. since December 1, 2016 and has been a member of Visa’s Board of Directors since 2014. Mr. Kelly previously held senior executive positions at various firms, including President of American Express Company and President and Chief Executive Officer of Intersection, a digital and technology media company. Mr. Kelly currently serves as a Director of MetLife Inc. (until June 2018), a Trustee of the New York Presbyterian Hospital, and a Trustee of Boston College.
Robert M. Bennett served as the Chancellor of the New York State Board of Regents from March 2002 through April 2009 and a member of the Board of Regents from 1995 through 2015. Mr. Bennett served as President and Chief Executive Officer of the United Way of Buffalo and Erie County from 1985 through 2000. Mr. Bennett is currently a Trustee of the Statler Foundation and previously served as Chairman, Vice Chairman and Trustee of the Health Foundation for Western and Central New York. Mr. Bennett also previously served as a Director of the John R. Oishei Foundation.
Kathryn Connerton has served as the President and Chief Executive Officer of Lourdes Hospital in Binghamton, New York since December 2014. Ms. Connerton also serves as the Chairperson of Care Compass Network, a not-for-profit community network comprising 180 partner organizations whose mission is to improve the health and life of Medicaid members in the Southern Tier of New York. Ms. Connerton previously served as Vice President of Bon Secours Health System Inc., Chief Operating Officer of Bon Secours Venice Healthcare Corporation and Vice President and General Counsel of Lourdes Hospital in Binghamton, New York.
Samuel A. DiPiazza Jr. is the Chairman of the Board of Trustees of The Mayo Clinic, one of the nation’s preeminent healthcare organizations. Until 2010, Mr. DiPiazza served as the Chief Executive Officer of PricewaterhouseCoopers International Limited. After stepping down from PricewaterhouseCoopers, Mr. DiPiazza served as the Vice Chairman of Global Corporate and Investment Bank at Citigroup, Inc. from 2011 to 2014. Mr. DiPiazza currently serves as a Trustee for the Inner-City Scholarship Fund and a Trustee and Executive Committee Member of the National September 11th Memorial & Museum. Mr. DiPiazza is the former Chairman of The Conference Board and The World Business Council on Sustainable Development. He is also the former President of Big Brothers/Big Sisters of New York City and the former Global Chairman of Junior Achievement Worldwide.
Laura L. Forese, MD is the Executive Vice President and Chief Operating Officer of NewYork-Presbyterian, a leading provider of high-quality, innovative health care throughout the New York City region, in collaboration with the medical schools of Columbia and Weill Cornell. NewYork-Presbyterian is recognized among the best hospitals in the country by USNews and as a best place to work by Forbes and Fortune. Dr. Forese has ultimate operational responsibility for the NewYork-Presbyterian enterprise – 10 campuses and more than 30,000 employees, 3500 beds, and $7.8B in revenue. Additionally, Dr. Forese chairs the board of the NIH Clinical Center; she is also a Trustee of Princeton University and a Director of Cantel Medical. Dr. Forese has been named among the 50 most powerful women in New York by Crain’s Business, the top 25 COOs in Healthcare by Modern Healthcare Magazine and has been honored as Mother of the Year by the American Cancer Society.
Stanley E. Grayson served as the President and Chief Operating Officer at M.R. Beal & Co. Prior to joining M.R. Beal & Co., Mr. Grayson served as the Managing Director and Manager of Prudential Securities Public Finance Department and Vice Present at Goldman, Sachs & Co. in the municipal bond’s department infrastructure and general banking group. Previously, Mr. Grayson served in several senior positions within New York City government, including Deputy Mayor of Finance and Economic Development, Finance Commissioner and Chief Executive Officer of the New York City Industrial Development Agency. Mr. Grayson currently serves on the Board of the YMCA of Greater New York and as a Trustee of Holy Cross College. Mr. Grayson previously served as a Director of the Catholic Charities of the Archdiocese of New York, Alliance for Downtown New York Inc. and Brooklyn Information and Culture (BRIC) as well as Trustee of The Churchill School and Center.
Carla Harris is Vice Chairman, Global Wealth Management and Senior Client Advisor at Morgan Stanley. Ms. Harris is the past Chair of the Board of the Morgan Stanley Foundation , The Executive Leadership Council and The Food Bank of New York City. Ms. Harris is currently a member of the Board of Overseers of Harvard University, a member of the Board of Directors of A Better Chance, Inc., Sponsors for Educational Opportunity (SEO) and of St. Vincent’s Healthcare. In August 2013, Carla was appointed by President Barack Obama as Chair the National Women’s Business Council.
Catherine R. Kinney served as the President and Co-Chief Operating Officer of the New York Stock Exchange from 2002 to 2008. Prior to that, Ms. Kinney served as the Executive Vice President of the New York Stock Exchange. Ms. Kinney is a member of the Board of Directors of MetLife, MSCI and Quality Technology Services. She serves as the Chairman of the Board of Catholic Charities of the Archdiocese of New York. Ms. Kinney previously served on the Boards of the New York City Ballet, Georgetown University, NetSuite and Depository Trust Company.
Sister Pietrina Raccuglia is the President and Chair of the Board of the New York City-based Cabrini Mission Foundation. The Cabrini Mission Foundation supports programs that provide healthcare, education, and social services for women, children, immigrants, and the elderly. Sister Pietrina also serves on the Board of Trustees of the Cabrini University and Cabrini Senior Housing in Seattle. Sister Pietrina also served in Provincial Leadership for nine years.
Kathryn Ruscitto served as the President and Chief Executive Officer of St. Joseph’s Health from 2011 through 2017. St. Joseph’s Health, a non-profit regional health care system based in Syracuse, N.Y., has stood as a community landmark since 1869 and today has over 5000 employees and physicians. Previously, Ms. Ruscitto served as Senior Vice President of Strategy at Loretto, the largest provider of elder care in Central New York, and as the Administrator for Human Services of Onondaga County. Ms. Ruscitto previously served as a Member and Trustee of Healthcare Association of New York State from 2013-2017, member of the Iroquois Executive Committee, and a member of the Executive Committee of the CenterState Corporation for Economic Opportunity.
Kevin Ryan currently serves as the President and Chief Executive Officer of Covenant House, one of the largest charities in North and Central America providing shelter, food, immediate crisis care, and an array of other services to homeless, runaway and trafficked young people. Founded in 1972, Covenant House’s work has been recognized with several of the world’s most distinguished human rights awards, including the Conrad Hilton Humanitarian Award, the WOLA Human Rights Prize and the Olof Palme Peace Prize. Mr. Ryan previously served as the first public Child Advocate in New Jersey and the first Commissioner of the New Jersey Department of Children and Families, where he led a reform of the State’s child welfare system.
Robert Unanue is the President and Chief Executive Officer of Goya Foods, Inc., the largest Hispanic-owned food company in the United States. Under Mr. Unanue’s leadership, Goya Foods has supported more than 250 nonprofit organizations that seek to improve the wellness of Hispanic communities. Through its “Can Do campaign,” Goya partners with Feeding America and local foodbanks to donate a minimum of 600,000 pounds of Goya products to citizens who lack access to nutritious foods. Mr. Unanue served as a Director of the United States Hispanic Chamber of Commerce.