The Los Angeles Free Clinic Announces Largest Gift in the Clinic's History

Mon Mar 3, 2008 10:18am EST
 
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Free Clinic to be renamed in honor of donors Haim and Cheryl Saban
LOS ANGELES--(Business Wire)--
The Los Angeles Free Clinic today announced an extraordinary gift
of $10 million from philanthropists Haim and Cheryl Saban. The Clinic
will be renamed The Saban Free Clinic in honor of the gift, which is
the largest in the Los Angeles Free Clinic's 41-year history. The
endowment will provide much needed discretionary funds for special
projects at the Clinic.

   Haim Saban, who founded Saban Entertainment and Fox Family
Worldwide, is currently the Chairman and Chief Executive Officer of
Saban Capital Group and Chairman of the Board of Univision
Communications Inc. Cheryl Saban, PhD is an author and advocate for
children's health and education. The gift marks the culmination of the
Sabans' 16 years of support for the Clinic.

   "The Sabans' generosity is extraordinary. We are very grateful
that they understand the urgent need to provide a safety net of health
services for the uninsured in Los Angeles. We recognize that there are
many other charitable organizations that they could have donated to,
and we are proud to call them our partner," said Sam Fischer, who was
the 40th Anniversary Campaign Chair for the Clinic and worked with the
Sabans to structure their gift.

   The Saban Free Clinic will continue to provide services to
children and adults at four sites in Los Angeles. All medical services
are provided for free, although patients are asked to donate what they
can for their visits.

   "I have had a deep respect for The Los Angeles Free Clinic ever
since, as a single mother, I turned to them for my own medical care,
more than 25 years ago," said Cheryl Saban. "The services I received
were professional and kind. And, now that I am in the privileged
position of being a philanthropist, I am also impressed with their
record as a charitable money manager, with the breadth of their donor
and volunteer pool, and with their longevity as a service provider.
Haim and I are proud to have our name associated with theirs,"
concluded Saban.

   "We have always been impressed with The Los Angeles Free Clinic
and the work it does for those in need," said Haim Saban. "Our
greatest wish for this gift is that it inspires other donors to
recognize the important role of the Clinic in providing heath services
to the uninsured in Los Angeles. Anyone can fall through the insurance
safety net," Saban concluded.

   "While our name is changing, The Saban Free Clinic is, and will
be, the same institution as The Los Angeles Free Clinic, offering high
quality medical dental, mental health care and social services to Los
Angeles' uninsured residents," said Abbe Land, Co-CEO of the Clinic.
"The Sabans' enormous generosity will give us some breathing room,
especially in these insecure times, and we will continue to rely on
the generosity of the entire community to fund our services,"
continued co-CEO Jeffrey Bujer.

   "The need for high-quality, low-cost health care is so pressing
that we are delighted to see this important investment in the Clinic,"
said Wendy Garen, President and CEO of the Ralph M. Parsons
Foundation. "It takes all of us -- foundations, donors and key
partners -- to help fund The Saban Free Clinic services. We are
delighted to applaud this very special contribution from the Sabans."

   The Saban Free Clinic is officially set to be unveiled during a
ceremony in the spring of 2008.

   The Los Angeles Free Clinic is a highly regarded health and social
services organization with four clinics, 160 employees, more than 400
volunteers, and over 100,000 patient visits annually. The Los Angeles
Free Clinic is a well-managed agency with 85 cents of every dollar
going to direct services and has earned three consecutive 4-star
evaluations from Charity Navigator -- a designation only 12 percent of
all the non-profits they evaluate have earned.

For The Saban Free Clinic
Jennifer Marsan, 323-337-1720
jmarsan@lafreeclinic.org
or
Jude Schneider, 310-854-8251
jlschneider@webershandwick.com

Copyright Business Wire 2008

 

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