Name: Philadelphia College of Osteopathic Medicine
Assets Under Management: $196.3 Million (Source: Philadelphia College of Osteopathic Medicine on 6/30/2004)
Portfolio Insights: “Combined financial results in fiscal 2004 for Philadelphia College of Osteopathic Medicine were strong. The stock market recovery played a key role in this performance. The College’s total assets reached $196 million. Net assets now total $122 million; $106 million of that is unrestricted.
The PCOM Foundation also benefited from the stock market recovery with a dramatic increase in rate of return to 14.3 percent, up from 4.2 percent last fiscal year. The Foundation’s assets reached $81 million, an increase of $10 million and have recovered most of the previous fiscal year’s losses.” (Source)
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Top Philadelphia College of Osteopathic Medicine Endowment Fund Headlines:
1) Dr. Kuchera presented the activities of the PCOM Center for Chronic Disorders of Aging (CCDA) and the Human performance and Biomechanics Laboratory (HPBL). The CCDA conducts research on inflammatory and degenerative processes and diseases of aging populations and provides training in research methodologies. The center has provided pilot grants for faculty, organized symposia and CME programs and is planning a faculty research retreat. There have been 32 peer-reviewed journal articles, 37 abstracts and presentations and 9 book chapters published in the 2007-08 years. The CCDA has focused on research projects involving osteopathic manipulative treatment, effects of various types of instruments and devices impacting carpal tunnel syndrome, strength-training effects and back pain. The center emphasizes the involvement of osteopathic students in its research projects and has produced 20 publications in the past 5 years. (Source)
2) Thomas J. Gravina has been named Vice Chairman of the Boards of Trustees of Philadelphia College of Osteopathic Medicine. He previously was chairman of the Audit Committee and Finance Committee. Most recently he led the search committee for the institution’s current president and CEO. (Source)
3) John P. Kearney was recently named Chairman of the Boards of Trustees of Philadelphia College of Osteopathic Medicine. He has served on the boards since 2003, and previously was vice chairman of the boards. He has also served as chair for the Foundation and Finance Committees. (Source)
4) Philadelphia College of Osteopathic Medicine was awarded a $1 million economic growth initiative grant from the Pennsylvania’s Redevelopment Assistance Capital Program, which will be used to help build a new clinical learning and assessment center on the medical school’s campus
The center’s expansion is being planned to broaden learning opportunities for PCOM students, the college’s hospital affiliates and local first responders.
PCOM’s clinical learning and assessment center currently houses more than a dozen high-fidelity robotic simulators, virtual simulators and task trainers. It also houses exam rooms for the college’s simulated patient program. (Source)
5) Dr. J. Steven Blake has pledged $1 million to his alma mater, Philadelphia College of Osteopathic Medicine, to provide full scholarships for minority medical students. Blake, the president and CEO of Blake Gastroenterology Associates in the Mount Airy section of Philadelphia, is hoping other PCOM graduates follow his lead.
“As alumni chair of the development committee of the [PCOM] board of trustees, I want to encourage other alumni to be generous in helping future young doctors,” Blake said. This will be the first time in the school’s 113-year history that it will be able to offer a full scholarship.
Blake’s other philanthropic activities includes creating the “The East Coast Cultural Enrichment Tour,” which takes honor students from his high school — Coahoma Agricultural High School in Clarksdale, Miss. — on an all-expense-paid East Coast trip to Boston, New York, Philadelphia and Washington, D.C. (Source)