SQ Foundation awards grants to five healthcare providers, improving care for all through distribution of SQA Pharmacy’s profits
Contact: Kevin Roberts, RHD Communications, 215-951-0300 (ext. 3714) or email@example.com
The Lancaster Cleft Palate Clinic will be better able to provide comprehensive care of low-income children born with cleft lips and palates thanks to a grant from The SQ Foundation.
The SQ Foundation announced the recipients of its annual “Better Health for Living” grants, as the success of SQA Pharmacy Services once again benefits other organizations striving to improve health care for all. The Lancaster Cleft Palate Clinic, the only facility in the United States to offer comprehensive cleft care outside the auspices of a major hospital system, is one of five recipients.
The SQ Foundation is the Pharmacy’s grantmaking foundation, distributing a substantial portion of SQA’s profits to others. The recipients of the 2012 grants are:
• Chester County Community Dental Center (Coatesville, Pa.)
• The Malta House of Care (Hartford, Ct.)
• Lancaster Cleft Palate Clinic (Lancaster, Pa.)
• St. Catherine Laboure Medical Clinic (Philadelphia, Pa.)
• Volunteers in Medicine Berkshires (Great Barrington, Mass.)
Resources for Human Development CEO Bob Fishman announced the recipients of the grants. RHD, a national human service nonprofit with headquarters in Philadelphia, founded SQA Pharmacy in 2006 as a full-service pharmacy that serves community-based residential facilities. A percentage of SQA profit distributions are disbursed, through the SQ Foundation, to non-RHD organizations working to expand affordable health care.
“We established SQA Pharmacy Services with the hope that one day we could grant most of its profits to nonprofit and governmental entities that share our commitment to decent health care for everyone,’’ Fishman said. “Now we can say our experiment works.
“We are extremely grateful to The SQ Foundation Advisory Committee, who took on the challenging task of recommending which organizations were most deserving of these grants. It was a very difficult process, but we’re pleased to know that many underserved, uninsured and underinsured individuals will have more and better access to health care of all kinds through these much-needed grants.”
In all, The SQ Foundation distributed $25,000 in grants. A total of 93 applications were received and reviewed by the SQ Foundation’s advisory committee.
Investors of SQA Pharmacy Services formed The SQ Foundation in 2009 to establish a grant-making foundation that would enhance the health and underserved populations and advocate for an environment that provides access to affordable health care services. This is the third series of grants awarded by The SQ Foundation. In 2009 The SQ Foundation made a $10,000 gift to the Pennsylvania Department of Public Welfare, and in 2010 and 2011 awarded five grants each year.
SQA Pharmacy is a social enterprise corporation and part of RHD’s venture capital effort that began in 1990 to develop crossover businesses, which are for-profit enterprises structured to serve investors, employees and their communities, or nonprofits with commercially sustainable activities that support a social agenda.
In addition to the 160 diverse human service programs it operates in 14 states, RHD is a pioneer in developing and advocating for socially conscious, crossover businesses and advises organizations interested in the crossover model and advocates for the development of crossovers to foster economic development and address society’s ills.
In its six years in business, SQA Pharmacy has grown to $7 million in annual revenues and with new partners will continue to expand regionally and nationally. For more information or participation in SQA’s expansion, please call or email Stan Shubilla: 215-951-0300, ext. 3155; or firstname.lastname@example.org.
To learn more about SQA Pharmacy Services, please visit www.sqapharmacy.com. For more information about The SQ Foundation, please visit www.sqfdn.org.