The Cole Foundation donates $1.5 million in support of The New Montreal Children's Hospital

    MONTREAL, Sept. 10 /CNW Telbec/ - The Montreal Children's Hospital
Foundation is pleased to announce that the Cole Foundation has pledged a
donation $1.5 million in support of The Best Care for Children capital
campaign. This very generous donation will be dedicated to the Pediatric
Division of the McGill University Health Centre Research Institute, and more
specifically, will be used to support the work of the Penny Cole Laboratory.
    The Cole Foundation and The Montreal Children's Hospital Foundation have
been working closely for many years. John (Jack) Cole, founder of the Cole
Foundation, was the first Chairman of The Montreal Children's Hospital
Foundation Board. He remained Honourary Chair until his death in 2004. Mr.
Cole and his wife, May, had a daughter, Penny, who was diagnosed with leukemia
at the age of 12. Penny died of the disease on her 20th birthday.
    After the loss his beloved daughter, Jack Cole dedicated much of his time
to The Montreal Children's Hospital Foundation. He founded the Penny Cole
Laboratory for research into pediatric leukemia. Today, Dr. Nada Jabado heads
this team of researchers. Jack Cole also endowed a Chair in Pediatric
Hematology-Oncology at McGill University to benefit The Montreal Children's
Hospital Research Institute. The Chair is currently held by Dr. Janusz Rak.
    Under Chairman Barry Cole, the Cole Foundation has reinforced its mandate
to become a philanthropic leader in the field of research into pediatric and
young adult leukemia. It has also widened its reach to include all
Montreal-based medical networks (McGill University Health Centre, Université
de Montréal, CHUM, Hôpital Sainte-Justine and Institut Armand Frappier). Its
vision is to make Montreal a nationally recognized centre of excellence in
research and patient care in pediatric leukemia and lymphomas.
    "The Cole Foundation has been an important ally of The Montreal
Children's Hospital Foundation for many years. Its support will no doubt
inspire others to help build a new, modern hospital and a state-of-the-art
research institute for all sick children in Quebec," said Marc Courtois,
Chairman of The Best Care for Children capital campaign.
    The goal of The Best Care for Children capital campaign is to raise $100
million to build the new Montreal Children's Hospital and its Research
Institute. Construction is expected to start in 2010, on the Glen Campus. The
McGill University Health Centre Research Institute recently received a $100
million grant from the Canadian Foundation for Innovation for this
construction project. This grant must be matched by an amount of $50 million
in private funds, to which the Cole Foundation gift will be applied.

For further information:

For further information: Barry Cole, President, The Cole Foundation,
(514) 938-9428; Danielle Gabrielle Roy, Director of Communications, The
Montreal Children's Hospital Foundation, (514) 934-4846, ext. 29236

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The Montreal Children's Hospital

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The Montreal Children's Hospital Foundation

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