Cleveland Clinic receives $30 million gift for innovation from Jack, Joseph and Morton Mandel Foundation

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The innovation fund will be named the Morton L. Mandel Innovation Fund. Clinic CEOs will be able to draw money annually from the innovation fund to support ideas that impact communities served by the Clinic, the Clinic said.

to help Clinic CEO Dr. Tom Mihaljevic — and future Clinic leaders — develop innovative ideas, the health system announced Thursday.

The gift will attach an endowed fund for innovation to the position of Clinic CEO. The title of Morton L. Mandel CEO Chair will be added to the CEO position, the Clinic said. Mihaljevic will be the inaugural holder of the endowed position. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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