An aerial view of Cleveland Clinic’s main campus is shown.
Tribune News Service
CLEVELAND, Ohio — Cleveland Clinic will receive a $30 million gift from the Jack, Joseph and Morton Mandel Foundation to help Clinic CEO Dr. Tom Mihaljevic — and future Clinic leaders — develop innovative ideas, the health system announced Thursday.
The gift will attach an endowed fund for innovation to the position of Clinic CEO. The title of Morton L. Mandel CEO Chair will be added to the CEO position, the Clinic said. Mihaljevic will be the inaugural holder of the endowed position.
The innovation fund will be named the Morton L. Mandel Innovation Fund. Clinic CEOs will be able to draw money annually from the innovation fund to support ideas that impact communities served by the Clinic, the Clinic said. It wasn’t immediately clear how much CEOs will be able to tap annually.
The $30 million gift recognizes Morton Mandel’s interest in supporting leaders, and his belief that strong leaders who are lifelong learners drive organizational growth and societal change.
“Providing outstanding medical care, developing innovative ideas and training the leaders of the future are three elements at Cleveland Clinic that were extremely important to Mort and remain extremely important to the foundation,” said Jehuda Reinharz, president and CEO of the Jack, Joseph and Morton Mandel Foundation. “We feel this gift will continue to support those efforts at Cleveland Clinic.”
The gift also recognizes Morton Mandel’s friendships with Mihaljevic and his predecessor, former Clinic CEO Dr. Toby Cosgrove.
Previous Mandel Foundation gifts, made during the leadership tenures of Mihaljevic and Cosgrove, include a $23 million gift to the Global Leadership and Learning Institute, now named for Jack, Joseph and Morton Mandel.
Morton Mandel died in 2019 at age 98.
