FAYETTEVILLE – April 7, 2020 – The Golden Leaf Foundation has awarded Cape Fear Valley Health a $461,200 grant for the health system’s new Center for Medical Education and Research.
The money will help purchase new technology for the center’s auditorium and classrooms. The 500-seat auditorium will anchor the Owen Drive facility’s first floor. Simulation labs, study spaces and student lockers will be on the third floor.
The Center for Medical Education and Research is being built to accommodate Cape Fear Valley’s rapidly growing physician residency program. When complete, the center will span five floors and headquarter more than 300 physician residents. The program is set to grow from 110 residents to 305 residents in three years.
“We are grateful to the Golden Leaf Foundation for providing this grant,” said Mike Nagowski, Cape Fear Valley Health CEO. “The Center for Medical Education and Research will help us meet the region’s needs well into the future, as we train the best and brightest physicians for coming generations.”
The $30 million construction project will also help pump $11.7 million into Cumberland County’s economy. The residency program is projected to add an additional $25.2 million into the region’s economy every year.
The Golden Leaf Foundation grant was announced last week as part of a larger $12.2 million community-based grant funding initiative. Projects funded include economic advancement opportunities, scholarships and disaster recovery efforts throughout southeastern North Carolina.
Over two decades, the Golden Leaf Foundation has funded 1,838 projects totaling $915 million. The non-profit organization was established in 1999 to receive a portion of the state’s funding received under the 1998 Master Settlement Agreement with cigarette manufacturers.
The foundation has since worked to increase economic opportunity in North Carolina’s rural and tobacco-dependent communities through leadership in grantmaking, collaboration, innovation and stewardship as an independent and perpetual foundation.
To learn more about the Golden Leaf Foundation, visit www.goldenleaf.org.
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