The Timken Foundation has presented a $10 million grant to the Cleveland Clinic to support the future expansion of the Cole Eye Institute.
CANTON A $10 million grant from the Timken Foundation will help the Cleveland Clinic expand the Cole Eye Institute on its Cleveland campus.
The Timken Foundation's gift will allow the Clinic to establish the Louise Timken Ophthalmic Education Center, which will encompass all of the educational activities at Cole Eye Institute.
Cleveland Clinic has plans to nearly double the size of the Cole Eye Institute in order to accommodate expanding eye care, research and education needs.
In 2013, the Timken Foundation gave $1 million to the Cole Eye Institute and the Clinic built the Louise Timken Microsurgical Education Lab. Louise Timken was a pioneer in aviation and is credited as the first non-military pilot to own and fly a jet. Her flying career ended in 1992 because of macular degeneration.
“We applaud the Cleveland Clinic Cole Eye Institute’s commitment to advancing care and cures for the aging and genetic diseases of the eye,” W.R. Timken Jr., of the Timken Foundation, said in a statement. “Our foundation is committed to supporting high impact projects and quality eye care services are a necessity for America’s aging population. We are proud to provide this gift to start the architectural and design plans for the expansion of the Cole Eye Institute to serve its growing patient base.”
The Cole Eye Institute opened in November 1999 in a 130,000-square-foot building at the Cleveland Clinic campus. The institute integrates clinical care, research and education.
Because of a growing elderly population, the rate of serious eye conditions requiring specialized care is steadily increasing in the U.S., Cleveland Clinic officials said.
The Timken Foundation's gift will help the Cole Eye Institute move forward with architectural plans for the expansion. The project will expand the facility's "clinical and surgical capabilities, while enhancing eye research and our educational programs, building upon the phenomenal success of the Louise Timken Microsurgical Educational Laboratory,” Dr. Daniel F. Martin, chairman of the Cole Eye Institute and the Barbara and A. Malachi Mixon III Institute Chair of Ophthalmology, said in the release.
Martin said the institute is grateful to the Timken Foundation for its gift.
Cleveland Clinic’s Cole Eye Institute has more that 100 professional staff physicians and researchers who diagnose, treat and investigate eye conditions. Each year more than 275,000 patients are treated and more than 13,000 surgeries are performed.
The Timken Foundation gift will support Cleveland Clinic’s seven-year centennial campaign, which has a goal of $2 billion. The campaign has raised $1.1 billion to date.
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