W. W. Smith Charitable Trust Endows Chair in Cancer Research for Fox Chase Cancer Center's Research Institute for Cancer Prevention
PHILADELPHIA (September 11, 1998) -- The W. W. Smith Charitable Trust, based in Newtown Square, Pa., has given a $1.5 million endowment to Fox Chase Cancer Center for the William Wikoff Smith Chair in Cancer Research.
The gift contributes to the Center's $38 million campaign to fund the Research Institute for Cancer Prevention, the first comprehensive cancer prevention research initiative in the country. The goal includes $9 million for six endowed faculty chairs.
"In the current climate, endowed chairs have become an invaluable institutional resource for recruiting and retaining outstanding senior investigators," said Fox Chase president Dr. Robert C. Young. "The William Wikoff Smith Chair will enable us either to recruit an outstanding senior scientist or retain and reward a great scientist already on our faculty. In doing so, we hope to fulfill the exceptional vision of Bill Smith to enhance medical excellence."
Mr. Smith, who died in 1976, was president of Kewanee Oil Company and chairman of its board. He also served as president of the Philadelphia Maritime Museum (now the Independence Seaport Museum) and enjoyed photography, ship model building and sailing. Another area of interest was medical research.
"His will created The W. W. Smith Charitable Trust to carry on his work so that it could be realized for generations to come through grants to outstanding area institutions," explained Mary L. Smith, his widow and a trustee of the Smith Charitable Trust. "The trustees see it as an honor to be able to work with people out in the field who are on the cutting edge of cancer research and are glad to be a partner with Fox Chase Cancer Center."
Before the recent endowment, the Smith Charitable Trust had provided more than $2.4 million in grants to Fox Chase for basic cancer research.
Fox Chase Cancer Center is one of 34 National Cancer Institute-designated comprehensive cancer centers in the nation. The Center's activities include basic and clinical research, prevention, detection and treatment of cancer and community outreach programs.
Fox Chase Cancer Center, part of Temple University Health System, is one of the leading cancer research and treatment centers in the United States. Founded in 1904 in Philadelphia as one of the nation’s first cancer hospitals, Fox Chase also was among the first institutions to receive the National Cancer Institute’s prestigious comprehensive cancer center designation in 1974. Fox Chase researchers have won the highest awards in their fields, including two Nobel Prizes. Fox Chase physicians are routinely recognized in national rankings, and the Center’s nursing program has achieved Magnet status for excellence three consecutive times. Fox Chase conducts a broad array of nationally competitive basic, translational, and clinical research and oversees programs in cancer prevention, detection, survivorship, and community outreach. For more information, call 1-888-FOX-CHASE (1-888-369-2427).