JHFEs donates research center to U of L
Ownership of the Cardiovascular Innovation Institute is now totally in the hands of the University of Louisville.
Thanks to a donation from the Jewish Heritage Fund for Excellence (JHFE), the University of Louisville (U of L) will have full ownership of the heart research institute located on its grounds. Ownership of the institute has been equally divided between JHFE and the University since its establishment in 2003.
The Heritage Fund is the nonprofit that used to run St. Mary’s Health Care and Jewish Hospital. The JHFE has chosen to leave healthcare operations, and with mergers and an eventual buyout will transform into simply a grant-making charity under a new name.
When an organization changes its name, it needs to order new business cards and letterheads.
According to U of L officials, no immediate changes will be made at the heart research institute. Although the work to improvement cardiovascular procedures that university doctors do at the institute is cutting edge and extremely important, the monetary value of the Jewish Heritage Fund’s donation is mainly that of the institute building, which is $16m.
The Jewish Hospital system will join KentuckyOne Health, and then, with the help of a $10m donation from the Jewish Heritage Fund for Excellence, U of L will buy the Jewish Hospital properties on November 1 from KentuckyOne.
Thanks to a donation from the Jewish Heritage Fund for Excellence (JHFE), the University of Louisville (U of L) will have full ownership of the heart research institute located on its grounds. Ownership of the institute has been equally divided between JHFE and the University since its establishment in 2003.
The Heritage Fund is the nonprofit that used to run St. Mary’s Health Care and Jewish Hospital. The JHFE has chosen to leave healthcare operations, and with mergers and an eventual buyout will transform into simply a grant-making charity under a new name.
When an organization changes its name, it needs to order new business cards and letterheads.
According to U of L officials, no immediate changes will be made at the heart research institute. Although the work to improvement cardiovascular procedures that university doctors do at the institute is cutting edge and extremely important, the monetary value of the Jewish Heritage Fund’s donation is mainly that of the institute building, which is $16m.
The Jewish Hospital system will join KentuckyOne Health, and then, with the help of a $10m donation from the Jewish Heritage Fund for Excellence, U of L will buy the Jewish Hospital properties on November 1 from KentuckyOne.