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Mission: The foundation operates exclusively for charitable, scientific, and educational purposes, and more specifically, for the purpose of supporting and otherwise benefiting and being responsive to the needs of lifespan corporation.
Programs: The foundation and brown university (brown) have an agreement pursuant to which each entity maintains an endowment fund representing 50% of certain endowment gifts which support a clinical shared chair. The agreement specifies a spending rate which is applied to the trailing three-year average fair value of the endowment fund to arrive at an amount used to support the named professorship. In fiscal year 2017, the foundation transferred $95,487 to brown to support a professorship in the field of diagnostic imaging.
in fiscal year 2017, the foundation transferred $88,812 to rhode island hospital (rih) to support its share of the interventional cardiology joint program fellowship with brown. The one-year program allows for four fellows to be trained to become competent in performing a variety of coronary artery interventional procedures, including, but not limited to, balloon angioplasty, atherectomy, intracoronary ultrasound, and development of intracoronary stents. Trainees also work toward obtaining competency in non-coronary cardiac and peripheral interventions.