PIH Announces $25 Million Pledge from Weiss Asset Management Foundation and Associated Donors to Support UGHE’s Institute of Global Health Equity Research
Multi-year commitment will enable investments in medical research and training at the University of Global Health Equity in Rwanda
Financial support provided along with two anonymous donors
Partners In Health announced on 27th October 2022 a $25 million pledge from the Weiss Asset Management Foundation and associated donors to the Institute of Global Health Equity Research (IGHER) at the University of Global Health Equity (UGHE), an initiative of Partners In Health. This pledge, to be funded over the next 25 years, will provide critical resources and training to facilitate and advance research addressing vital health needs in low-income countries.
IGHER seeks to bring together leading global health experts, medical researchers, and students to provide the human and physical infrastructure for previously under-resourced initiatives. These initiatives include conducting clinical trials, building biobanks and other repositories for medical research, promoting innovations in the digital provision of medical services, and providing the flexibility to adapt to other needs as they arise.
“We are very grateful to the Weiss Asset Management Foundation and its partners for their generous long-term commitment to the Institute,” said IGHER Director Dr. Cristina Stefan. “It will enable critical investments that will help establish IGHER as a hub for clinical trials, African healthcare research, and cutting-edge medical and genomic advancements for populations underserved by modern medicine.”
“IGHER at the University of Global Health Equity is an incredible initiative that will leverage the impactful care delivery work happening every day across PIH sites,” said Partners In Health Chief Executive Officer Dr. Sheila Davis. “We’re grateful to the Weiss Asset Management Foundation for supporting IGHER in this particularly critical time, as we face increased global crises that call for more targeted and expansive research for low-income countries who have borne, and will continue to bear, the burden disproportionately.”
“Throughout my years of non-profit work in developing countries, I have seen firsthand the immediate positive impact of well-designed health interventions on the health of people in under-resourced settings. But over the long run the greatest impact will come from research that results in interventions which address the root causes of morbidity and mortality in low-income countries,” said Andrew Weiss, Director of the Weiss Asset Management Foundation. “Together with the Foundation’s funding partners, we are exploring collaborations between the Institute, Mass General Brigham, and other leading institutions. We believe that great synergies can be achieved by facilitating interactions between leading researchers in Boston and the Institute in Rwanda.”
The Weiss Asset Management Foundation hosted a launch event to introduce IGHER to the international community on Thursday, October 27 at the Loeb House at Harvard (17 Quincy St., Cambridge, MA). The event was graced with the keynote address of the Nobel Prize Laureate Esther Duflo, Dr. Jim Yong Kim, who served as the former president of the World Bank, and other distinguished speakers who addressed the audience.
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About Weiss Asset Management Foundation
The Weiss Asset Management Foundation operates as the charitable arm of Weiss Asset Management (WAM). Its mission – achieved through funding and grants to organizations across the world – is to alleviate suffering. The Weiss Asset Management Foundation has made substantial grants to fund groundbreaking research on expanding access to vaccines in rural communities in Africa. In response to the COVID crisis, it provided oxygen concentrators to rural communities in India, and made up for a funding shortfall for an NGO that was an effective provider of primary health care in rural Nepal. WAM recently made a substantial financial commitment to the Foundation as part of its goal to increase the Foundation’s impact. For more information about the Weiss Asset Management Foundation, visit www.weissasset.com/#_philanthropy.