StockNews.AI
ISRG
StockNews.AI
204 days

Intuitive Announces $45 Million Donation to the Intuitive Foundation to Promote Health and Advance Education

1. Intuitive Surgical donated $45 million to its foundation, totaling $170 million since 2018. 2. The foundation supports global health through research, education, and surgical fellowships. 3. Intuitive Foundation's efforts include STEM programs and innovative surgical training modules. 4. In 2024, it provided over $6 million in research grants and surgical fellowships. 5. The foundation enhances Intuitive's reputation, potentially influencing future sales growth.

7m saved
Insight
Article

FAQ

Why Bullish?

The significant donations enhance ISRG's public image, similar to how community investments benefit companies like AbbVie.

How important is it?

These donations solidify ISRG's commitment to innovation and community, likely leading to sustained growth.

Why Long Term?

Continued philanthropy can positively impact brand loyalty and future sales, much like Medtronic's community initiatives.

Related Companies

ISRG
Latest donation brings total contribution to more than $170 million January 27, 2025 09:00 ET  | Source: Intuitive Surgical, Inc. SUNNYVALE, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Intuitive (NASDAQ:ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, announced a $45 million gift to the Intuitive Foundation that will be used to support the Foundation’s mission of reducing the global burden of disease and suffering through philanthropy, research, and education aimed at better outcomes for patients everywhere. This latest donation brings the contributions made by Intuitive to the Foundation to more than $170 million since it was founded in 2018. “We are pleased to support the important work that the Intuitive Foundation undertakes in providing health and medical fellowships and grants worldwide, and programs that support STEM and other research endeavors,” said Intuitive CEO Gary Guthart. The Intuitive Foundation promotes health and advances education by making grants for medical research, STEM educational programs, training, surgical fellowships, healthcare training programs and facilities, and other similar purposes. Since its inception, the Foundation has committed more than $65 million to causes in support of its mission. In 2024 alone, the Foundation matched the generosity of Intuitive employees through its donation-matching program, providing more than $7 million to support more than 2,000 causes. “Amplifying the voice of Intuitive employees and the causes that are meaningful to them is a key pillar of the Intuitive Foundation’s philanthropic giving,” said Intuitive Foundation President Catherine Mohr, MD. “Additionally, in 2024, we were able to provide research grants and surgical fellowships totalling more than $6 million, and we were able to contribute $3 million to support the Surgical Education Learners Forum, which develops training modules for clinicians in low-resource settings.” Key programs of the Foundation include: Global Surgical Training Challenge (GSTC): The GSTC was launched in 2020 to stimulate the creation of novel, low-cost surgical education training modules. These open-source modules help surgical practitioners learn and assess new skills to improve the health of their communities. The competition started with 42 teams from 44 countries and took place over three years, narrowing to four finalist teams.FIRST Robotics: The Foundation is a proud sponsor of FIRST (For Inspiration and Recognition of Science and Technology) high school robotics teams, awarding grants to these teams around the world. The Foundation has made grants to 889 robotic teams from Australia, Canada, Israel, Mexico, Taiwan, Turkey, and the United States to date.The Surgical Education Learners Forum (SELF): SELF is a community of practice aimed at addressing the global burden of disease by developing innovative, cost-effective, and scalable solutions for procedural skills training. After the GSTC completed in December 2022, the team took the learnings and evolved the program into a forum for developing self-administered skills assessment. SELF develops training modules for clinicians in low-resource settings. Modules are free-to-use and publicly available. In August 2024, the second SELF Symposium was held in Malaysia with over 15 training modules developed. About Intuitive Surgical, Inc.Intuitive (NASDAQ:ISRG), headquartered in Sunnyvale, California, is a global leader in minimally invasive care and the pioneer of robotic surgery. Our technologies include the da Vinci surgical system and the Ion endoluminal system. By uniting advanced systems, progressive learning, and value-enhancing services, we help physicians and their teams optimize care delivery to support the best outcomes possible. At Intuitive, we envision a future of care that is less invasive and profoundly better, where disease is identified early and treated quickly, so that patients can get back to what matters most. For more information, please visit the company’s website at www.intuitive.com. About Intuitive FoundationThe Intuitive Foundation is dedicated to reducing the global burden of disease and suffering through philanthropy, research and education aimed at better outcomes for patients everywhere. The Foundation was created in 2018 to promote health and advance education by making grants to section 501(c)(3) organizations and foreign charities for medical and technology research; science, technology, engineering, and math-related educational programs, training, and fellowships; healthcare training programs and facilities; direct disaster relief; and for other similar purposes. For more information, please visit the Foundation’s website at www.intuitive-foundation.org PRESS CONTACTU.S.: Peper Long, Intuitive202-446-7748 – mobilepeper.long@intusurg.com

Related News