PLAINSBORO, N.J., Oct. 11, 2005 (PRIMEZONE) -- In response to the overwhelming devastation of Hurricane Katrina, the Integra Foundation, the philanthropic arm of Integra LifeSciences Holdings Corporation (Nasdaq:IART), has made grants to the Congress of Neurological Surgeons ($100,000) and the American Red Cross ($30,000). While the majority of the Integra Foundation's grant-making is focused on research and education, the scope of this disaster compelled the Integra Foundation to support the nation's relief efforts.
Congress of Neurological Surgeons
The Integra Foundation and the Congress of Neurological Surgeons yesterday announced the launch of the CNS Endowment for Neurological Education/Integra Foundation Disaster Relief Fund. The CNS and the Integra Foundation have each pledged an initial donation of $100,000. The fund will immediately target the affected Neurosurgery Residency Programs. In addition, the CNS will continue to review and provide relief for the neurosurgical education and training needs of those affected. Each organization is willing to fund up to $250,000 toward these efforts, which will be dispersed throughout the year.
American Red Cross
The American Red Cross has launched the largest mobilization of resources in its history for a single natural disaster and has estimated that their relief effort will cost almost $2 billion. The Integra Foundation has made a grant of $30,000 to the American Red Cross Disaster Relief Fund in support of its efforts, matching total donations of $30,000 by Integra LifeSciences employees.
The Integra Foundation is dedicated to advancing innovative medical and healthcare research and education, primarily in the areas of neurosurgery, reconstructive and general surgery, that lead to improved outcomes and quality of life for patients and their communities. It is funded by Integra LifeSciences, a world leader in developing and marketing high quality surgical instruments, as well as innovative devices and bio-products, for use in neurosurgery, reconstructive and general surgery and soft tissue repair.