The Sealy & Smith Foundation is a charitable foundation incorporated in Texas and based in the island city of Galveston. It was established in 1922 by John Sealy, II and his sister Jennie Sealy Smith[3][4] with a charter stating a mission to:
| Founded | 1922 |
|---|---|
| Founder | John Sealy, II Jennie Sealy Smith[1] |
| Type | Grant making private foundation (IRS exemption status): 501(c)(3) |
| Focus | Healthcare |
| Location |
|
Area served | Galveston, Texas |
| Method | Endowment |
Key people | John W. Kelso George Sealy Michael Doherty |
| Endowment | $681 million USD[2] |
| Website | www.sealy-smith-foundation.org |
"support of a charitable undertaking in the City of Galveston, Texas, for the construction, remodeling, enlarging, equipping, and furnishing of the John Sealy Hospital, and other hospital building or buildings in the City of Galveston in connection with the John Sealy Hospital in said city, and endowment thereof, for the use of the people of said City of Galveston and providing them with the necessary medical care and attention therein."[5]
The foundation's endowment is funded from various sources, including mineral rights in the Permian Basin. It focuses the majority of its funding on programs supporting the healthcare and research at the University of Texas Medical Branch and its primary care facility, the John Sealy Hospital.[5][6][7] Since its inception the foundation has contributed more than $800 million towards construction and equipping of medical facilities on the university's Galveston campus. In 2011 the foundation committed $170 million towards the construction of Jennie Sealy Hospital on the UTMB campus, an amount that represents the largest single gift ever to a Texas health institution.[4][8][9]
See also
edit
References
edit- ^ "About the Sealy & Smith Foundation". Sealy & Smith Foundation. Retrieved 2010-12-05.
- ^ "Sealy & Smith Foundation". The Foundation Center. Archived from the original on 2013-04-14. Retrieved 2010-12-05.
- ^ "Sealy & Smith Foundation Announces New Officers". Guidry News Service. 2005-02-26. Archived from the original on 2011-07-11.
- ^ a b Elder, Laura (2001-12-04). "UTMB support foundation may re-examine role". Galveston County Daily News. Retrieved 2010-12-05.
- ^ a b c Watts, Leslie A. "Sealy and Smith Foundation for the John Sealy Hospital". Handbook of Texas. Retrieved 2010-12-05.
- ^ Preston, Caroline (2009-09-10). "Medical Center Damaged by Hurricane Ike Wins $200-Million Grant". The Chronicle of Philanthropy. Retrieved 2010-12-05.
- ^ Rice, Harvey (2009-02-21). "Critics blast proposal to move hospital from Isle". Houston Chronicle. Archived from the original on 2012-10-20. Retrieved 2010-12-05.
- ^ Dawson, Jennifer (2011-08-25). "UTMB Galveston to build $438M hospital". Houston Business Journal. Retrieved 2010-10-21.
- ^ "UTMB: an investment for our future". Galveston County Daily News. 2008-12-21. Retrieved 2010-12-05.
External links
edit29°18′17″N 94°47′38″W / 29.3047°N 94.7938°W
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