Franklin Health Trust Transfers Funds to the St. Christopher's Foundation for Children; Money to Benefit Pediatric Causes.Business Editors PHILADELPHIA--(BUSINESS WIRE)--June 26, 2003 The Board of Directors of the St. Christopher's Foundation for Children announced today that Franklin Health Trust has transferred funds that, with insurance proceeds, will equal approximately $2 million to the St. Christopher's Foundation for Children. The transfer agreement, signed June 19th, represents the final step in endowed funds that had been originally donated to benefit St. Christopher's Hospital for Children St. Christopher's Hospital for Children is a non-sectarian 161 bed children's hospital located in Philadelphia. It's Physicians serve as the pediatrics department at the Drexel University College of Medicine. St. and the community it serves but had been affected by the Allegheny Health bankruptcy in 1998. Franklin Health Trust and the St. Christopher's Foundation for Children Board were created in the wake of the Allegheny Health Education and Research Foundation bankruptcy. The trust funds and endowments were split because the hospitals were purchased by Tenet HealthSystem, a for profit entity. St. Christopher's Foundation for Children Board has been accepting donations on behalf of the community served by St. Christopher's Hospital for Children for the last five years. It has been distributing the money to benefit numerous pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. and children's programs, including, but not limited to: the Ronald McDonald's Care Mobile; the Reach Out and Read Program, and to fund various research projects. The $2 million represents funds earmarked for the Ralph W. Brenner Endowed Chair in Pediatrics at St. Christopher's Hospital for Children -- as well as, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Susan Sessa, Esq., President of the St. Christopher's Foundation for Children, the money raised by the upcoming Manuel Stamatakis Golf Classic at the Philadelphia Country Club on August 25th sponsored by the Drexel College of Medicine. She added that part of the $2 million will also go to support the Iain F.S. Black, M.D. Speakers and Visiting Professors Fund; the Sarah Long Sarah Long (1938-23 November 1987) was a British actor and television presenter. Born in London, she is best known for her long run as a presenter on the preschool children's television series Play School from the 1960s until the 1980s. , M.D., Infectious Disease Infectious disease A pathological condition spread among biological species. Infectious diseases, although varied in their effects, are always associated with viruses, bacteria, fungi, protozoa, multicellular parasites and aberrant proteins known as prions. Fund, the Waldo Nelson Fund and the Harriet Wetherill Fund. "It is our commitment to administer these funds in accordance with the donors' wishes and to meet the original intent of the donation," said Ms. Sessa while adding: "We are looking forward to our future with Drexel University. With Drexel as our partner we feel we will have a much greater impact on serving the many needs of the community." Ms. Sessa also wanted to offer a gracious bow to the Pennsylvania Attorney General's Office and Larry Barth in particular, for his assiduous as·sid·u·ous adj. 1. Constant in application or attention; diligent: an assiduous worker who strove for perfection. See Synonyms at busy. 2. efforts in making certain that the endowed funds were transferred to St. Christopher's Foundation for Children. Furthermore she praised the adjudications ADJUDICATIONS, Scotch law. Certain proceedings against debtors, by way of actions, before the court of sessions and are of two kinds, special and general. 2.-1. By statute 1672, c. of Judge Joseph O'Keefe of the Orphan's Court The designation of tribunals in a number of New England states that have probate or surrogate jurisdiction. Such a court ordinarily has the power to handle such matters as the establishment of wills, the administration and distribution of decedents' estates, the supervision of Philadelphia. "This wouldn't have happened without the dedication of many people who have the best interest of the children at heart," said Ms. Sessa. |
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