August 31, 2006

Scholarship fund established to provide financial aid for Case Western Reserve University nursing undergraduates

The Helene Fuld Health Trust awards $550,000 grant to Frances Payne Bolton School of Nursing for scholarships and financial aid

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Undergraduate students at Case Western Reserve University's Frances Payne Bolton School of Nursing have received a $550,000 financial aid boost from the nation's largest private funder devoted exclusively to nursing students and nursing education.

HSBC Bank USA, N.A., Trustee of the Helene Fuld Health Trust, based in New York City, awarded the grant to the Bolton School to establish the Helene Fuld Health Trust Scholarship Fund for Baccalaureate Nursing Students.

"I am very grateful to the Helene Fuld Health Trust for this generous gift," said May L. Wykle, dean of the Bolton School and Florence Cellar Professor of Nursing. "The Fuld Trust recognizes nursing's indispensable role in patient care, the growing nursing shortage, and the need to attract more people to the field. With the support of the Fuld Trust, more outstanding students will be afforded the opportunity to pursue nursing degrees at the Bolton School."

The Helene Fuld Health Trust Scholarship Fund for Baccalaureate Nursing Students is an endowment designed to grow over several years, and that growth will translate into additional financial aid for future undergraduate nursing students, Wykle added.

In 1935, Dr. Leonhard Felix Fuld and his sister, Florentine, contributed $5,000 each to create a foundation to honor the memory of their mother, Helene Shwab Fuld, who had been passionately interested in health issues. The foundation named for her was originally dedicated to the "relief of poverty, suffering, sickness and distress." In 1961, Fuld limited the foundation's focus to "the improvement of the health and welfare of student nurses," a mission he had been thinking about for some time.

With more than $130 million in assets and an annual grant budget of nearly $6 million, the Fuld Health Trust is the nation's largest private foundation devoted exclusively to supporting student nurses and nursing education.

Cleveland Scholarship Programs (CSP), the oldest, largest and one of the most respected college access programs in the United States, is also partnering with the Bolton School and the Fuld Trust to provide matching funds for the scholarship program. CSP, whose advisers work with students in 137 schools in Northeast Ohio, paid a total of more than $2.5 million in scholarships to about 2,000 students last year.

"We believe the Fuld Trust was attracted to the Bolton School because of our world-class scholarship and research activities, as well as our innovative programs that reflect the imagination and dedication of our faculty and students," Wykle said. "We are confident that we will honor the Fuld Trust's faith in the Bolton School as we continue to disseminate relevant, current research and best practices in health care and nursing education."

About the Frances Payne Bolton School of Nursing

The Frances Payne Bolton School of Nursing, consistently ranked among the best nursing schools in the country, has established many firsts in nursing education. The school is home to one of only 12 WHO Collaborating Centers in the country, and its Centers of Excellence offer students firsthand experience with research, global health care systems, evidence-based practice, and initiatives in aging care. Bolton School students are given world-class clinical experience via partnerships with top-ranked health care institutions, and its rich and innovative academic programs provide multiple routes to the achievement of a B.S.N., M.S.N., Ph.D., or D.N.P. (Doctor of Nursing Practice) degree.

Posted by: Heidi Cool, August 31, 2006 02:38 PM | News Topics: HeadlinesMain, Healthcare, Philanthropy, Provost Initiatives

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