The Fifth Third Foundation and Fifth Third Bank are giving $7.5
million and $2.5 million, respectively, to support the fight
against cancer. This generous $10 million gift will help families
across the region by supporting the Cincinnati Cancer Consortium, a
collaboration of the University of Cincinnati, UC Health and
Cincinnati Children’s Hospital Medical Center. This investment will
recruit and hire researchers dedicated to accelerating the progress
of cancer research.
The gift is a critical step in supporting the community-wide
effort to achieve a National Cancer Institute (NCI) designation for
the Cincinnati Cancer Consortium. An NCI designation leads to more
research funding, economic growth and better outcomes for cancer
patients.
“I’m extremely proud of our ongoing commitment to serving our
communities through philanthropy,” said Fifth Third Bancorp
President and CEO Greg Carmichael. “We believe our contribution
represents an important step in designating the Cincinnati Cancer
Consortium as a National Cancer Institute-designated comprehensive
cancer center. Greater Cincinnati is home to more than 7,000 Fifth
Third Bank employees and their families, and we want what is best
for them and our community.”
“Not only is Fifth Third’s gift extremely generous,” said
Richard Lofgren, MD, president and CEO of UC Health, “it also will
help save lives. We’re grateful for Fifth Third’s leadership, which
will help make certain fewer people suffer from cancer and help
those who are affected experience better outcomes.”
The three partners have launched a fundraising campaign to fund
the research and multi-year application required for NCI
designation. Centers with NCI status have 25 percent better
mortality rates at one year, regardless of cancer type, according
to a Dartmouth College study. They also receive more federal
dollars, possibly millions, in research grants, which can result in
better treatments for saving lives. Despite the excellent cancer
care available, Cincinnati is one of only two of the nation’s
largest cities without an NCI-designated center.
“We want everyone across the lifespan—from the youngest kids to
older adults—to receive the most innovative cancer treatments and
care in Cincinnati,” said Michael Fisher, president and CEO of
Cincinnati Children’s. “To do this, we need to invest more in
research, and continue to work closely together across our
community. Fifth Third’s inspirational gift shows a commitment that
could help us move closer to an NCI designation here, which would
attract more top talent and dollars, leading to even better
care.”
“Fifth Third’s generous gift will help advance cancer care in
the Cincinnati region and the important work of the partners in our
Cincinnati Cancer Consortium,” said UC President Neville G. Pinto.
“This gift demonstrates a commitment to our efforts and to the
health of our community.”
Teresa Tanner, executive vice president and chief administrative
officer for Fifth Third Bancorp, knows the importance of having
good care close to home. Her 25-year-old daughter had leukemia as a
toddler. She was treated locally and recovered, but Tanner said she
met people who had traveled for care and were far from their
families. Fifth Third Bank, she said, feels a responsibility to
help.
“When someone you love gets cancer, you say, ‘How do I get them
the best care possible?’” she said. “We want to continue to answer
that locally, so we’re building on the great health care assets we
already have.”
The Cincinnati Cancer Consortium was established in 2011 when
UC, UC Health and Cincinnati Children’s joined forces to leverage
the strengths of all three organizations in order to achieve NCI
designation and provide the best possible cancer diagnostics,
research, treatment and care for the people of Cincinnati. Through
integration of discovery science, translational research, clinical
trials and prevention strategies, its mission is to reduce the
burden of cancer in our nation, with a focus on southern Ohio and
northern Kentucky.
“Our faculty, consisting of research professionals and dedicated
practicing physicians/scientists, and staff are committed to
delivering the most advanced cancer care in the region informed and
made possible by cutting-edge research,” said William S. Ball, MD,
senior vice president for health affairs, Christian R. Holmes
Professor and dean of the UC College of Medicine. “Top research
translates into improved patient outcomes, so an NCI designation is
crucial for personalized care in our region.”
“We are so grateful to Fifth Third for this extremely impactful
gift and demonstration of commitment to our community,” said John
Barrett, co-chair of the community-wide effort to secure NCI
designation and chairman, president and chief executive officer of
Western & Southern Financial Group. “The enhancement of cancer
care through the UC Cancer Institute and research through the CCC
is the most important project in Cincinnati.”
“We all know that cancer does not discriminate and impacts all
of us. The Fifth Third Foundation has a responsibility to help
improve the health outcomes in our community,” said Heidi Jark,
managing director of the Office of the Fifth Third Foundation and a
33-year cancer survivor. “This is the time and the place to do what
we can to make a difference and we hope that our gift will serve as
a catalyst to encourage other corporations, foundations and
individuals to join us in this critical initiative.”
Jark will join the cabinet of community leaders helping drive
the NCI project.
About Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2017, the
Company had $140 billion in assets and operated 1,155 full-service
Banking Centers and 2,471 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending, and Wealth
& Asset Management. As of March 31, 2017, Fifth Third also had
a 17.8 percent interest in Vantiv Holding, LLC. Fifth Third is
among the largest money managers in the Midwest and, as of March
31, 2017, had $323 billion in assets under care, of which it
managed $33 billion for individuals, corporations and
not-for-profit organizations through its Trust, Brokerage and
Insurance businesses. Investor information and press releases can
be viewed at www.53.com. Fifth Third’s common stock is traded on
the Nasdaq® Global Select Market under the symbol “FITB.” Fifth
Third Bank was established in 1858. Member FDIC, Equal Housing
Lender.
About The Fifth Third Foundation
The Foundation Office at Fifth Third Bank administers charitable
giving for Fifth Third Bancorp. Fifth Third Bank is proud to serve
as trustee, co-trustee or agent for over 70 private and corporate
foundations. Additionally, the Foundation Office oversees
philanthropic giving through the Fifth Third Foundation. The
respective committees review all grant requests for which Fifth
Third Bank serves as trustee, co-trustee or agent. Grants for
programming in education, the arts, community development, and
health and human services are considered, in addition to the
specific funding interests originally identified by the individual
benefactors.
About the Cincinnati Cancer Consortium
The Cincinnati Cancer Consortium is a joint effort of Cincinnati
Children’s Hospital Medical Center, University of Cincinnati
College of Medicine and UC Health. The Center seeks to be a leading
institution with world-class scientists and clinicians to provide
the best possible cancer diagnostics, research, treatment and care
for the people in the Tri-State region and the nation.
About the University of Cincinnati Foundation
Established in 1975, the University of Cincinnati Foundation is
a 501(c)(3) not-for-profit corporation and is the private sector
fundraising entity for the University of Cincinnati and UC Health.
The foundation supports UC’s aspirations through philanthropic
collaboration with the colleges, the Academic Health Center, UC
Health and other units to maximize private support. The
foundation’s advancement efforts promote the development of
productive, enduring relationships with alumni, friends,
colleagues, students, foundations, corporations and the Greater
Cincinnati community. For more information, please visit
uc.edu/foundation.
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version on businesswire.com: http://www.businesswire.com/news/home/20170713006217/en/
The University of Cincinnati FoundationJulia Mace,
513-556-1330Assistant Director, Communications &
Marketingjulia.mace@uc.edu
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