National group cites hospital’s benefits, flexibility
NEW HAVEN — Yale-New Haven Hospital (YNHH) has been named to the 2014 “NAFE Ten Nonprofits for Executive Women” list by the National Association for Female Executives (NAFE).
One of the country’s largest associations for women professionals and business owners, NAFE provides resources – through education, networking and public advocacy – to empower its members to achieve both career and personal success. The list recognizes organizations whose policies and practices encourage women’s advancement and whose numbers at the highest levels of leadership demonstrate that commitment.
“Yale-New Haven Hospital is and always has been committed to workplace equality. It is just one of the ways Yale-New Haven distinguishes itself as an employer of choice,” said Marna P. Borgstrom, the hospital’s chief executive officer. “We’re honored to be recognized by NAFE for something that we regard as integral to who we are and what we do.”
YNHH notes that it has been recognized as an employer of choice nationwide, offering many benefits and programs to help not only female employees, but all employees meet work-life demands, such as internal advancement, tuition reimbursement, dependent tuition, employee health and wellness programs, and a unique performance incentive plan which allows employees to share in the hospital’s financial success.
Hospital management has found that offering flexible work arrangements — such as telecommuting, part-time and casual status, compressed workweeks, job sharing and an on-site day care for hospital employees — are particularly appealing to older workers and also attractive to new applicants and women interested in returning to the workforce following childbirth.
NAFE will honor each of the top companies at a gala luncheon in New York City on April 3.
Bequest will help fund new residential colleges
NEW HAVEN — Billionaire investor Charles B. Johnson, a 1954 graduate of Yale College, will give $250 million to his alma mater to support the creation of two new residential colleges. Johnson’s gift represents the largest in Yale’s 312-year history.
Johnson, who retired last year as chairman of the board of Franklin Resources, has previously contributed to the Papers of Benjamin Franklin and the Brady-Johnson Program in Grand Strategy, and he made a gift to establish the Johnson Center for the Study of American Diplomacy, which holds the papers of Henry Kissinger. He has also supported renovations of the Yale Bowl and the creation of Yale’s first all-season outdoor athletics field.
Yale's residential college system, which dates back more than 70 years, is the most distinctive feature of Yale College. The 12 existing residential colleges are architecturally distinct, but each offers students a familiar, comfortable living environment, personal interaction with faculty members and administrators, and opportunities for academic and extracurricular exploration. Students remain affiliated with their residential college for their undergraduate years and beyond.
Yale last built new residential colleges — Morse and Ezra Stiles — in 1961. The construction of two additional residential colleges will permit Yale to accept a larger percentage of undergraduate applicants. Currently, Yale admits only a tiny fraction of applicants; the 1,360 members of the Class of 2017 were chosen from a record applicant pool of 29,610 (about 4.6 percent). The two new colleges will allow Yale to admit about 15 percent more students each year, bringing total undergraduate enrollment to more than 6,000.
Designed by Robert A. M. Stern, dean of the Yale School of Architecture, the new colleges will incorporate spaces and traditions that are historically associated with existing colleges. Their construction will be funded entirely through donor support, with construction commencing when all funding is secured.
“This is an extraordinary commitment from one of Yale’s most loyal alumni,” said Yale President Peter Salovey. “It builds on Charlie’s long history of generosity to Yale. Charlie has already done so much to shape our international and athletics programs. This latest gift, in support of the expansion of Yale College, is truly magnificent, and I am deeply grateful. I am thrilled that this gift brings us to within $80 million of the funds needed to break ground on two new residential colleges.”
“Yale is unsurpassed in the quality of its undergraduate education, and I strongly support Rick Levin's and Peter Salovey’s shared goal to make that extraordinary experience available to more students than ever before,” Johnson said. “I hope my commitment will inspire other alumni, parents and friends to complete the funding for the construction of these colleges.”
Johnson was CEO and chairman of Franklin Resources, the parent company of Franklin Templeton Investments, and has been at the company since 1957. Johnson is also part owner of the San Francisco Giants major league baseball team. He has served on the board of overseers of the Hoover Institution at Stanford University.
HARTFORD — Gov. Dannel P. Malloy has announced the launch of the state’s first-ever Nonprofit Grant Program — a new state bond pool specifically designated for nonprofit community-based organizations that provide health and human services through contracts or agreements with state agencies. The program will help nonprofit providers that do business with the state invest in projects that will achieve new efficiencies so they can enhance the delivery of services.
“Connecticut’s nonprofit organizations serve every resident of Connecticut and play a substantial role in maintaining our safety net,” said Malloy. “Partnering with our nonprofit organizations is a smart fiscal investment to ensure that these agencies can continue to provide services while doing so in an efficient, cost-effective way.”
“By supporting capital purchases that enhance service delivery, efficiency and effectiveness and addressing health, safety and accessibility issues, nonprofit agencies can focus on what they do best — getting services to those who need them most.”
Under legislation adopted during the most recent legislative session, the State Bond Commission is authorized to issue up to $20 million in bonding to support eligible projects, which are dependent upon the review and approval of the Office of Policy & Management (OPM).