Temple med school gets gift for Alzheimer's center
John George – Senior Reporter, Philadelphia Business Journal
Mar 14, 2018
The Lewis Katz School of Medicine at Temple University is creating an Alzheimer's Center thanks to a donation.
The exact amount of what is being described as a "seven-figure" gift from Phil Richards and the Scott Richards North Star Charitable Foundation is being kept confidential.
Phil Richards, a Fox School of Business alum, who now sits on Temple's board of trustees. He is also chairman of the charitable foundation.
The money will be used to create the Alzheimer's Center at Temple and to establish the Scott Richards North Star Charitable Foundation Chair for Alzheimer’s Research at its medical school.
Dr. Domenico Praticò was selected as the first person to hold that title. Praticò is a professor of pharmacology, microbiology and immunology in Temple's Center of Translational Medicine.
“This strategic investment will pay dividends not just to Temple, but to society – well beyond our lifetimes – funding cutting-edge basic science research, clinical studies, and innovative educational programs for new generations of researchers," said Dr. Larry R. Kaiser, president and CEO of the Temple University Health System and dean of the medical school, in a prepared statement.
The Alzheimer’s Center at Temple will integrate research, training, clinical and educational activities in order to study Alzheimer’s disease, a neurodegenerative disorder that afflicts more than 5 million people in the United States, and related disorders. The center's goal is to discover the mechanisms responsible for the onset and progression of Alzheimer's and the related disorders, and to develop effective treatment strategies — with the ultimate goal of curing the diseases.
Praticò, who joined Temple in 2007 and leads the medical school's Alzheimer's disease research program, said the center will bring together "a diverse team of multidisciplinary and talented investigators who devote their entire effort to making a difference in the fight against these diseases.”
The North Star Resource Group established a charitable foundation in 2004 to support causes close to the North Star team. The foundation was renamed the Scott Richards North Star Charitable Foundation in 2008, after the passing of Scott Richards, its former president. Since 2004, North Star has contributed $3 million to local communities across the country.