The RTW Charitable Foundation (“RTWCF”) is pleased to announce it has made three donations in May and June 2020. RTWCF was particularly motivated to rally around organizations providing relief to those affected by the COVID-19 pandemic.
“We feel privileged to be in a position where we can pivot from our day-to-day investment-related research to not-for-profit research. Our team is excited about this next chapter as we grow RTWCF and partner with organizations doing outstanding work on a local and global scale,” said Stephanie Sirota, President of RTWCF.
The first donation was made to New York Cares in support of their COVID-19 emergency relief program. New York Cares has a long-standing record of supporting New Yorkers across all areas of need including hunger, education and technology support to school children, clothing drives, and most relevant today, emergency response. New York Cares has the largest volunteer network in New York City and served more than 450,000 meals to New Yorkers during lockdown. “The leadership team of NY Cares has done something special with the programs they have created. After researching a dozen organizations, we felt our donation to NY Cares would have the biggest and most immediate impact on people in our community,” said Mike Davidson, Associate Director of Tax at RTW Investments, LP.
The second donation was made through a scientific lens to fund a Weill Cornell Medicine pediatric COVID-19 study. The primary goal of the study is to utilize patient research networks like INCITE and Weill Cornell’s own institutional COVID data repository to analyze trends and ask specific questions relating to COVID-19 in the pediatric patient population. RTWCF believes supporting a pediatric research effort will be helpful to the overall understanding of the disease. If certain questions are solved, they might provide answers to unlock bigger questions and may help in the development of therapies and vaccines. “Analyzing science is my passion and my job. I was really excited to use my background to help RTWCF decide to support an important study focused on analyzing clinical data in over one million New York City pediatric patients to improve our understanding of the epidemiology, clinical manifestations, and risk factors of COVID-19 in children,” said Nehal Gosalia, PhD, Associate Director of Genetics at RTW Investments, LP.
The third donation was made to United Nations Children’s Fund (UNICEF) with funds earmarked for COVID relief. UNICEF works in more than 190 countries and territories to put children first. UNICEF has helped save more children’s lives than any other humanitarian organization by providing health care and immunizations, safe water and sanitation, nutrition, education, emergency relief and more.
For more information on New York Cares, Weill Cornell and UNICEF, please see their websites below.