Milwaukee-based Northwestern Mutual is reinforcing its commitment to fight childhood cancer with a $400,000 contribution to an innovative research program headed by national nonprofit Alex’s Lemonade Stand Foundation.
The funds, donated through Northwestern Mutual Foundation, will support the Young Investigator program, which equips scientists who are early in their careers with resources needed to put their research ideas in motion.
The latest round of funding from Northwestern Mutual Foundation, announced today, will back four researchers, who will each receive $100,000 in startup funding over a two-year timeline. In total, Northwestern Mutual has supported eight research projects in the Young Investigator program this year with $800,000 in grant funds. Four of those projects were awarded initial funding last year.
Alex’s Lemonade Stand Foundation, which fights childhood cancer through ongoing fundraising, selects its “Young Investigators” through an extensive review process, taking into considering factors such as scientific merit and candidates’ potential to generate viable cures and treatments.
Funding provided by Northwestern Mutual is part of its designated Childhood Cancer Program.
“Our Childhood Cancer Program has a relentless focus on research,” said John Kordsmeier, president of Northwestern Mutual Foundation. “That’s why we’re honored to provide an opportunity for researchers to come together and advance their knowledge in an effort to discover the next generation of childhood cancer treatments. We want to give families hope and a chance for a better future to find a cure for childhood cancer.”
Through its national fundraising efforts, Northwestern Mutual has generated more than $6 million for childhood cancer research and support for impacted families, according to the financial services firm.
Along with its recent donation, Northwestern Mutual is presenting the second ALSF Young Investigator Summit today and Wednesday at Children’s Hospital of Philadelphia.