Yale School of Nursing, Yale University's Graduate Nursing Programs

$2 Million Gift Helps Yale Nursing Students Avoid Student Debt

August 1, 2007

The Helene Fuld Health Trust of New York has pledged $2 million to help Yale University School of Nursing provide critically needed financial aid for its students who enroll in its highly competitive graduate entry program for non-nurses (GEPN).

Despite the demand, there are serious barriers to an advanced practice education. The most significant impediment is the high cost of nursing education, usually borne by the student and the educational institution.

In addition, nurses' earning potential over the course of their career is significantly less than those associated with other health professions, such as medicine and public health. As a result, working nurses struggle to repay the significant debt incurred during their education

Helene Fuld Health Trust Scholars at Yale will be selected based on demonstrated exceptional academic performance and a commitment to pursue careers caring for society's most vulnerable underserved populations.

Additional support from this gift will underwrite a series of seminars focusing on leadership, community health, and the exercise of social responsibility in health care.

In addition to financial aid, the Trust granted another $500,000 to YSN to support their interdisciplinary partnership with Yale-New Haven Hospital and Yale School of Medicine. Funding will provide start up support to establish a simulation center for the education and training of health care teams.

The Helene Fuld Health Trust is the nation's largest private funder devoted exclusively to nursing students and nursing education. In 1935, Dr Leonhard Felix Fuld and his sister, Florentine, created a foundation in honor of their mother, Helene. In 1965, the foundation was converted to the Helene Fuld Health Trust, and in 1969 HSBC Bank USA, N.A. (formerly Marine Midland Bank) became its corporate trustee. HSBC Bank USA , N.A. is currently responsible for overseeing and administering the Fuld Trust.