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The Bristol-Myers Squibb Foundation, Inc., supports philanthropic initiatives that help extend and enhance human life. Funded by the Bristol-Myers Squibb Company, the Foundation's activities support a broad range of programs that address important health and social issues around the world. In 1998, the company and the Foundation contributed over US$24 million in cash and in excess of US$40 million in products to support various charitable programs.
Unrestricted Biomedical Research Grants Program
The largest funding initiative of the Foundation, the Unrestricted Biomedical Research Grants Program was launched in 1977 and has since committed more than US$80 million in grants and awards to 170 academic institutions worldwide.
The Grants Program supports research in six therapeutic areas in which Bristol-Myers Squibb maintains its own active research and markets major products: cancer, nutrition, orthopaedics, neuroscience, cardiovascular and related metabolic diseases, and infectious diseases. In each of these fields, the Grants Program annually presents at least one five-year unrestricted research grant of either US$250,000 or US$500,000. Typically, grants are used as seed money to support promising work by young investigators or to support new lines of inquiry suggested by unexpected or serendipitous findings.
A Selection Committee in each therapeutic area, composed of distinguished scientists from recipient institutions, addresses the second component of the Grants Program: selecting the recipient of a Distinguished Achievement Award, which includes a US$50,000 cash prize and a silver medallion. The award is presented annually in each therapeutic area for outstanding contributions in the field.
Women's Health Education Program
The Women's Health Education Program supports programs that educate women to make more informed decisions about their health and well-being.
Since the program's inception in 1993, over US$8.5 million has been invested in innovative programs that seek to educate women about the prevention, detection and treatment of diseases, disorders or conditions that are unique to, more prevalent among or more threatening to women. The Foundation funds replicable demonstration programs that seek innovative ways to reach women, encourage effective collaborations and add new information to the existing body of knowledge about women's health.
In 1996, the Foundation increased its commitment to women's health by establishing the Better Health for Women Program. As the flagship initiative of the Women's Health Education Program, Better Health for Women has provided funding of up US$200,000 each to premier institutions worldwide to set up "centers of excellence" to address specific issues in women's health.
The program's advisory committee selects a different women's health issue each year, with the goal of generating initiatives that will help enhance women's health through novel, integrated interdisciplinary strategies that improve education, prevention, diagnosis, treatment and access to care for women worldwide. Support is given to projects that cultivate innovative partnerships with community-based organizations, academic research centers and health care institutions. In 1998, the Foundation committed US$1 million to support five projects addressing young women's health issues in the U.S., Mexico and Hungary. In 1999, the Foundation has awarded another US$1 million to support five projects in the U.S. that will develop strategies to reduce the incidence, morbidity and mortality of lung cancer in women.
Math and Science Education Initiative
The Math and Science Education Initiative was established as part of the company's commitment to scientific excellence. Under this initiative, the Foundation supports programs that seek to improve the quality of math and science education and attract, educate and retain students in these fields.
Through the National Fellowship Program in Academic Medicine for Minority Medical Students, the Foundation provides 35 second- and third-year minority medical students with an opportunity to pursue academic research under the mentorship of a leading biomedical researcher.
The Foundation has an ongoing relationship with the National Science Resource Center, supporting the systemic reform of elementary science through the development of hands-on, inquiry-based teaching. To date, 20 school districts participate in the program.
In 1998, the Foundation instituted an unrestricted grants program in synthetic organic chemistry, targeted to the graduate level. In the first year, grants totaling US$600,000 will be committed.
Local Community and Employee-Driven Initiatives
In communities where Bristol-Myers Squibb offices, manufacturing facilities and research centers are located, the company strives to be a catalyst for positive change. The program touches a broad range of local needs and issues, including summer internships, enrichment programs, research fellowships and scholarships in the U.S. and abroad.
The Foundation encourages employee volunteerism and charitable contributions through cash awards and the Employee Matching Gifts Program.
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