Today's News

Thursday, March 1, 2001

2000 called a milestone year for OREF

By Mark Malone and Luanne Baldwin

The close of calendar year 2000 was a milestone for the Orthopaedic Research and Education Foundation (OREF). It marks the conclusion of the organization's first-ever multi-year campaign. Begun in 1998 with a goal to raise $40 million for current and future high-quality research and education programs, CAMPAIGN 2000: Leaders for Orthopaedic Progress proved enormously successful by raising more than $53 million.

This campaign calls attention to OREF's proven capability as the one foundation serving the entire orthopaedic community. The foundation uses an established system of peer-review - modeled after the National Institutes of Health - that identifies and funds the most promising research and education programs. Surpassing other medical specialty foundations with its highly cost-effective methods of fundraising and grant making, OREF stands out as a leader.

The total amount raised by the foundation was through various vehicles including the Annual Giving program, the Designated Giving Initiative, endowments and partnerships with industry through its Corporate Associates Program. Of the $53 million raised during Campaign 2000, more than $30 million was in the form of cash commitments, and $23 million came in the form of deferred gift arrangements such as trusts, bequests, and insurance. OREF's Designated Giving Initiative also offered donors the opportunity to direct a portion of their annual contribution to participating COMSS groups. During the three-year campaign, OREF raised approximately $3 million for those sub-specialties through the annual program.

Endowments also played an enormous role in the campaign. Many individuals made generous personal commitments to the endowment through membership in the Alfred R. Shands, Jr. Circle Recognition Society. Participation in the Shands Circle is approaching the 225-member mark. In addition, 19 Multi-Donor Endowments were established during the course of the three-year campaign:

New multi-donor endowments are frequently added. By the end of 2000, OREF's endowment exceeded a cash value of $12 million with additional endowment pledges and deferred commitments totaling $23 million. The largest single commitment during the campaign was a deferred gift arrangement that exceeded $10 million from Dr. and Mrs. Mahendra R. Patel of Elyria, Ohio.

Since its inception in 1955, the foundation has provided funding to young and new investigators through more than 1,400 grants for quality, peer-reviewed research and education programs. Through the success of CAMPAIGN 2000: Leaders for Orthopaedic Progress and future campaigns, the foundation will continue its mission to fund research and education benefiting the entire orthopaedic specialty.

OREF invites you to visit its booth during the American Academy of Orthopaedic Surgeons (AAOS) Annual Meeting to see the most recent grant and award recipients listing and celebrate the success of CAMPAIGN 2000: Leaders for Orthopaedic Progress. The booth is located in the Concourse next to the Gateway Ballroom near Hall A.

Mark Malone is vice president of development, OREF, and Luanne Baldwin, is director of communications, OREF.

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Last modified 20/February/2001 by IS