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Is Mount Sinai’s Merge with Continuum a Cause for Concern?

Mount_Sinai_hospital_logo
IMG: via Mount Sinai Hospital

Earlier this month, the official merger of Mount Sinai Medical Center and Continuum Health Partners was finalized, resulting in the newly formed Mount Sinai Health System. This medical network is now the largest in New York City; Continuum’s community-oriented hospitals include Beth Israel Medical Center, Roosevelt Hospital, St. Luke’s, as well as the New York Eye and Ear Infirmary, which have all merged with Mount Sinai.

Kenneth Davis, President and CEO of the Mount Sinai Medical Center, explained, “If you live in Manhattan, there will almost always be a Health System doctor within walking distance of your residence, as well as a substantial presence of our physicians and facilities in Queens, Brooklyn, Staten Island and Long Island,” in a recent statement about the impact of the merge. Now more than ever, the prestigious health services offered by Mount Sinai have the potential to be more accessible to many NYC residents.

Crain’s New York Business reports that the new system has 3,571 licensed beds, 138 operating rooms, 177,000 annual inpatient admissions, 2.6 million annual outpatient visits and about 35,000 employees. Despite its size, many are speculating that the layoff of employees is imminent, as consolidation is often a result of similar mergers. Mount Sinai Health System hasn’t released a statement yet about any layoffs, but unions are already expressing concern.

Mount Sinai is an institution that is renowned for its patient care, advanced medical services, and commitment to education and the future of medicine. The medical center has experienced immense generosity from trustees throughout its history, a list of passionate philanthropists including Ken Mehlman, Gail and Carl Icahn whose charitable donations made the Icahn School of Medicine possible, Glenn R. Dubin, Henry R. Kravis, and many, many others that have helped shape Mount Sinai into the prominent institution that it is. Many fear that the merger will effect services provided by the hospital, and displace many of the dedicated employees and trustees that have worked tirelessly to maintain Mount Sinai’s prestigious reputation.

Only time will tell if the merger will adversely impact the services provided by the newly formed Mount Sinai Health System, although its history of excellence is an indication of a strong future as a greater medical network.

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Shoeshine Man

Don, the Shoeshine Man
IMG: Marilynn K. Yee/The New York Times

Do you care what you look like?  Do you take pride in your appearance?  There is a man who works on a street corner who believes you should care.  More than that…he can read you in about three seconds flat.

Don, who goes by only one name, works as a shoeshine man at 6th Ave. and the Avenue of the Americas in New York City year round. Don is out there rain or shine and in the dead of winter.  Possibly because his job is so people-oriented, he can tell a lot about you just by talking to you for a few seconds.

According to Don, “You can tell a man who really cares about his personal appearance. I can tell a lot about a person, alright.  I could tell if he’s cheap, selfish, inconsiderate, don’t give a damn…You could tell if he’s got some money.  You could tell if he’s pretending to have money.  All that is a three second read.  I could pick that up just like that.”

That all may be…but what does it take to put a man in his shoes?  Don went to culinary school to become a chef.  He said he felt like he really wanted to succeed. Yet, after putting in the time and money, he just decided it wasn’t the job for him.  It’s not easy to admit that you were wrong about your ambitions.  However, many more people have multiple careers over their lifetime than there used to be.  The average American will have had 15-20 jobs over the course of their life.

What are Don’s words of encouragement?  “I live my life with no regrets,” and “you can’t look neat if your shoes look beat…When your shoes look good, you feel good.”

Most surprisingly of all, Don calls out to people he believes need style advice.  He called out to one man to start caring because he had on a nice shirt but ugly shoes.  Maybe Don’s advice is really about more than shoes.  He advocates for taking care of one’s self, having confidence and a tidy personal appearance.  Perhaps his advice is about life.

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Organizations Profiles

The Partnership for New York City

Partners for New York
IMG: via Shutterstock

Partnership for New York City is an organization that works to advance the local economy by connecting like-minded leaders in business. NYC is known for being one of the most prolific hubs for world commerce, finance, and innovation, and it’s the group’s duty to maintain this reputation.

The goal of the organization is to help create jobs, improve economically troubled communities, and to help start new businesses. The Partnership for New York City is a “nonprofit membership organization comprised of a select group of two hundred CEOs” from the city’s most notable corporate, investment, and entrepreneurial firms.

Notable Partners from the Board of Directors include Lazard CEO and Chairman Kenneth Jacobs, Lisa S. Sanford of IBM Corporation, Henry Kravis, CEO of Kohlberg, Kravis, Roberts &Co., Sherilyn McCoy, CEO of Avon Products Inc., and Founding Chairman David Rockefeller.

To read more about The Partnership for New York City and Lazard’s CEO, Kenneth Jacobs, check out our profiles!

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A Shot at the Ivy Leagues

Ivy League
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New York City is a hotbed for creative, talented minorities who may never make it out of Brooklyn.  This is a shame because everyone else could benefit from their immense talent.  The problem is that there are not enough resources to supplement ordinary schooling.

A Harvard and Stanford study that came out this year emphasized the inadequacy of how low-income students are represented at selective colleges and universities.  What it showed was that “only 34 percent of the highest-achieving high-school seniors whose families fell in the bottom quarter of income distribution – versus 78 percent in the top quarter – attended one of the country’s most selective colleges, based on a list of nearly 250 schools compiled by Barron’s.”

However, the good news is that there are scouts in New York City seeking out the best and brightest.  In 1978, Gary Simons, a teacher from the Bronx, founded Prep for Prep.  His goal was to find talented students of color and prepare them to go to private schools.  So far, hundreds of his students have gone on to law, medicine, and business schools and work at some of the most prestigious firms.

Feeling that Prep for Prep was not enough, Simons and others later founded Leadership Enterprise for a Diverse America, or LEDA.  Their aim was to seek out and advance the best students from public high schools from around the country regardless of race.  Yet, almost all the students come from families who earn less than $55,000 per year.

Another popular program is Sponsors for Educational Opportunities, or S.E.O., whose mission is to provide “supe­rior edu­ca­tional and career pro­grams to young peo­ple from under-­served com­mu­ni­ties to max­i­mize their oppor­tu­ni­ties for col­lege and career success.”

When you look at the success rate of students who have attended programs LEDA and S.E.O., you can see why wealthy donors would want to contribute funding.  Recently Henry Kravis pledged $4 million in matching funds to S.E.O., which must have surely been a happy surprise.

The training they provide goes side-by-side with regular schooling to give exceptional students a shot at success.  S.E.O. was started by Manhattan lawyers and advertising executives over 50 years ago, yet it is still as successful as ever.

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Carl Mattone Honored at 2013 Golden Lion Awards Dinner

The 2013 Golden Lion Awards Dinner was held on Friday, April 26th, 2013. The awards dinner was put on by the New York Grand Lodge Foundation, Order Sons of Italy in America, and honored six notable Italian Americans for their civic and philanthropic accomplishments and ongoing endeavors.

Among the honorees was Carl Mattone, who is president of the real estate company, The Mattone Group. Michael X. Mattone and Joseph M. Mattone, CFO and Vice President, were also honored for the evening. The three are jointly in charge of managing all Mattone Group properties, which amounts to about 1.5 million square feet of property.

Raymond Mascolo, D.D.S., was honored for his impressive track record of community service. Named “Man of the Year” by many organizations, Mascolo is dedicated to helping homeless veterans get back on their feet.

Nicholas Montesanto, Presdient of DTM Drafting and Consulting Services, Inc., uses his company and business expertise to help keep children and the elderly out of harm’s way. He does this by working with the Elevator/Escalator Safety Foundation (EESF).

The Honorable Natalia Quintavalle is the Consul General of Italy in New York. She is the first woman to ever hold the post, and is dedicated to preserving Italian heritage and culture in the melting pot of New York City. She is actively involved in several humanitarian efforts.

The Golden Lion Awards Dinner serves not only to honor distinguished Italian Americans, but also to fundraise for the New York Grand Lodge Foundation. The organization funds causes such as research for Autism and Alzheimer’s disease.

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Organizations

Robin Hood Foundation Gala Raises Over $80M

jessica biel robin hood gala
IMG: Helga Esteb via Shutterstock

On Monday, May 13th, the Robin Hood Foundation hosted a gala to raise money to help fight poverty in New York City. Over the course of the evening, the foundation raised over $80 million. The event was chock-full of celebrities, business leaders, and other well-known faces, many of them donating significant amounts of money to the cause.

Mary J. Blige, Bono, Elton John, and Brian Williams were among the entertainment for the night, as were comedians Louis C.K. and Jerry Seinfeld. Newlyweds Justin Timberlake and Jessica Biel also attended the event, stopping to chat with New York Mayor Michael Bloomberg. Paul Simon and Sting performed together on stage.

In 2011 the event raised about $47 million. In 2012, that number was beat by an impressive haul of $59 million. This year’s $80 million knocks both those numbers out of the water. The event was co-chaired by Timberlake and Biel, as well as by Paul Tudor Jones II and his wife Sonia; Henry Kravis and his wife Marie-Josee; and Leslie Moonves and his wife Julie Chen.

This event certainly isn’t the first time the Robin Hood Foundation has brought in big names, though. Last December, the foundation put on a benefit concert entitled “12-12-12,” with proceeds going to victims of Hurricane Sandy. Musicians like Bruce Springsteen and the Rolling Stones performed at the concert.

Funds raised and distributed by the Robin Hood Foundation have been used to install libraries at public schools in NYC, feed homeless and hungry New Yorkers, provide for victims of 9/11, and support victims of Superstorm Sandy—to name a few.

Read our profile of Henry Kravis here.

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Olivia Wilde and Emma Stone Support Revlon Run/Walk for Women

revlon-runwalk-logo-la-2013d
IMG: via do.eifoundation.org

The EIF Revlon Run/Walk For Women event was created in 1994 by Lilly Tartikoff, Ronald O. Perelman, and the Entertainment Industry Foundation. Since its inception nearly a decade ago, the event has helped Revlon raise and distribute over 68 million dollars to help fight women’s cancers.

This year, actresses Olivia Wilde and Emma Stone participated in the New York City five-kilometer event, which was held on Saturday, May 4th. Both women are Revlon brand ambassadors. Stone’s mother, Krista, is a breast cancer survivor, so the charity strikes home for the actress. The two participated among other friends and family on team “Stone – Wald – Sullivan Warriors” and raised a total of $32,790, exceeding their $25,000 goal by far.

“Our team is named in honor of some very special people who were diagnosed with cancer since our team walked last year,” team captain Krista Stone wrote on the team page. “If you can’t join us in the walk, you can join us in the fight by making a pledge or donation on behalf of one of our team members.”

Wilde teamed up with Alyssa Bricklin to form “Team Badass.” Together, the two raised their goal amount of $20,000.

“Together, we will run or walk to raise funds that fuel ground-breaking research, provide diagnostic services, and support women facing cancer,” the team’s page reads. “Every step and every dollar brings us closer to the ultimate Finish Line – an end to women’s cancers.”

The next Revlon Run/Walk for women will be held on Saturday, May 11th. Registration is still open for interested participants, and even those who can’t attend the event can help by donating and spreading the word.

 

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Profiles

Prominent People in Philanthropy: Jenny Farrelly

Jenny Farrelly
IMG: via kkr.com

Jenny Farrelly is a successful businesswoman who is dedicated to helping young people move up in the world. With a B.A. from Johns Hopkins University and an MBA from the Tuck School of Business at Dartmouth, Farrelly knows how far a good education can take a person.

Her education has taken her to KKR, the private equity giant led by co-founders Henry Kravis and George Roberts. Jenny Farrelly is a member of the Global Public Affairs team and key media contact for KKR. Her education was specialized for work in finance and corporate communications, and she has worked for other notable corporations like Edelman’s Corporate & Financial Communications practice, Citigroup, and Stifel Nicolas.

Jenny Farrelly’s résumé is enviable, but through her involvement in programs like the Young Women’s Leadership Network (YWLN) and Student Sponsor Partners (SSP), she has proven that she’s dedicated to helping others do the same.

To read the entire profile on Jenny Farrelly, visit here.

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Young Philanthropy in New York

chelsea clinton
IMG: mistydawnphoto / Shutterstock.com

It seems like younger generations are getting more generous every year. Famous or not, rich or poor, young Americans are lending their time, money, and effort to a variety of philanthropic ventures. In New York City, the same is true, and this year the popular New York Observer will be honoring twenty philanthropists under 40 at a gala designed to raise philanthropic awareness.

The event, called “Young Philanthropy,” will honor a number of well-known names and faces in the NYC philanthropy scene. Let’s take a look at a few of the well-to-do winners:

Chelsea Clinton: The daughter of former President Bill Clinton and former Senator Hilary Clinton, nearly all of Chelsea’s life has been lived under the spotlight—and unlike so many of the young and famous, her image is pristine. Her charity work includes support for the Clinton Foundation, the Clinton Global Initiative, and the Walkabout Foundation.

Amanda Hearst: As heiress to her father’s media conglomerate, the Hearst Corporation, Amanda has a lot to live up to. She is a socialite, activist, model, and most recently is the associate market editor for Marie Claire. Amanda also founded Friends of Finn, which is a charity that fights inhumane treatment of dogs in puppy mills, and is an active member of Riverkeeper, an environmental nonprofit organization.

Alejandro Santo Domingo: Like Hearst (whom he coincidentally dated for several years), Alejandro is an heir. He and his two brothers, Andres Santo Domingo and Julio Mario Santo Domingo, Jr., are heirs the majority stake in SABMiller, a South American beer company. While his career revolves around managing the conglomerate, he is also a member of the Metropolitan Museum of Art’s Board of Trustees; is on the board for the international nonprofit group, Endeavor; is on the Latin American Conservation Council for The Nature Conservancy; and is on the Board of Directors for DKMS Americas.

Other honorees of the night include Lauren Bush, Jesse Cole, Alexis Feldman, Michelle Harper, Lydia Hearst, Eric Trump, and many more.

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Prom Goes On for Sandy Victims

prom
IMG: via Shutterstock.com

For victims of Superstorm Sandy, which hit New York City and much of the east coast in October 2012, saving up money for a prom dress is likely an unrealistic goal. Many families had their homes and lives shattered when the brutal storm hit, leaving them with nothing but their lives and the clothes on their backs. Homes and possessions were not among those spared, and rebuilding from the ground up has made life hard for many.

But for teenagers trying to move forward, prom isn’t something that is likely to be forgotten. Though they may be struggling through a personal hardship at home, that doesn’t take away the fact that for many, attending prom is a rite of passage. Girls who are juniors or seniors may have dreamed for the past few years about getting the perfect dress and having the time of their lives before they head off to college or work. But for the tens of thousands of families who are just trying to get their lives back together, being able to afford a prom dress isn’t likely to be something they can do.

That’s what the nonprofit group Where to Turn has decided to do something about. The group collected over a thousand prom dresses this year—and they plan to pass them all out to teens who had homes and cars destroyed during the storm. The dresses were collected not just from generous givers (individuals and businesses) in the New York area, but were also sent in from around the country.

And now that prom season is here, the group has started getting the dresses to those who need them. They held a free dress expo on Saturday, April 6th at a Staten Island high school. About 125 teenagers came to the event, perusing the gowns and choosing one to take home. There were also about 250 pairs of donated shoes and $5,000 in donated hair items from Conair. The dresses (all 1,000) had all been dry cleaned for free by a Staten Island dry cleaning company.

“Right now, people are rebuilding and they don’t have enough money to take care of the normal day-to-day things… things that, you know, kids really shouldn’t miss out on,” said Dennis McKeon, who is the Executive Director at Where to Turn. With hundreds more dresses to give away, McKeon says the group is working on organizing other free dress expos in hard hit areas like Queens and the Rockaways.