STOCK TITAN

Aflac Foundation Inc. extends commitment to children and families with $1.5 million donation to Aflac Cancer and Blood Disorders Center

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Aflac Foundation donates $1.5 million to support pediatric cancer and sickle cell research at Children's Healthcare of Atlanta. The donation aims to enhance clinical research, fund critical needs at the sickle cell clinic, and provide care to over 2,600 children with sickle cell annually.
Positive
  • Aflac Foundation's $1.5 million donation supports pediatric cancer and sickle cell research.
  • The donation includes $1 million for clinical research and $500,000 for the sickle cell clinic.
  • Aflac Cancer and Blood Disorders Center is the largest pediatric sickle cell disease program in the country.
  • The center offers access to over 380 clinical studies and has grown its research team significantly in recent years.
  • The donation also includes providing My Special Aflac Ducks® to children diagnosed with cancer or sickle cell.
Negative
  • None.

Clinical research and sickle cell disease clinic to share in funding

COLUMBUS, Ga., Feb. 14, 2024 /PRNewswire/ -- Crucial for the development of new treatments and promising therapies for children with cancer and blood disorders such as sickle cell, pediatric oncology and hematology research has been a focus of support for Aflac for nearly 30 years.

In keeping with that commitment, The Aflac Foundation Inc. recently made a $1.5 million donation to The Aflac Cancer and Blood Disorders Center of Children's Healthcare of Atlanta, $1 million of which is earmarked for the hospital's clinical research office. The remaining $500,000 will help fill critical needs at Children's Hughes Spalding Sickle Cell Clinic, where more than 85% of patients rely on Medicaid or are uninsured.

"Discovery leading to innovation, hope and better outcomes for patients takes place every day at the Aflac Cancer and Blood Disorders Center," said Kathelen Amos, president of The Aflac Foundation. "Our support of the clinical research enterprise is for the ultimate benefit of patients everywhere, starting with patients right here at the Cancer Center.

"Providing care to more than 2,600 children and young adults with sickle cell each year, the Aflac Cancer and Blood Disorders Center is home to the largest pediatric sickle cell disease program in the country," Amos added. "This funding will help them continue to treat the 'whole child' at the Hughes Spalding clinic through its support of psychologists, social workers and teachers — crucial positions that are not fully reimbursed by insurance and rely on philanthropy to continue."

One of the most active research institutions in the country for pediatric clinical trial enrollment, the Aflac Cancer and Blood Disorders Center offers patients access to more than 380 clinical studies. Over the past nine years, the program has grown from 44 to 71 full-time research employees and from seven to 28 investigator-initiated clinical trials. Current research surrounding sickle cell disease includes chronic pain management, blood-banking anemia testing, opioid treatment, and stroke biomarkers and prevention.

"The support we receive from the Aflac Foundation is not just a donation; it's a lifeline to many, a beacon of hope, and a catalyst for a healthier future" said Beatrice E. Gee, MD, director of the Aflac Sickle Cell Disease Program and Sickle Cell Disease Comprehensive Pain program at the Aflac Cancer and Blood Disorders Center, Children's Healthcare of Atlanta. Dr. Jason Payne, MD, Hughes Spalding campus director, echoed Dr. Gee's gratitude. "We are grateful for this unwavering commitment to our cause and the countless lives that together, we touch each and every day," he said.

The latest donation by the foundation brings Aflac's support of pediatric cancer and blood disorders to over $173 million since 1995. Additionally, the Aflac Childhood Cancer Foundation Inc. has provided, free of charge, more than 28,000 My Special Aflac Ducks® to children across the United States, Japan and Northern Ireland ages 3 and up diagnosed with cancer or a blood disorder such as sickle cell since 2018. The award-winning robotic, comforting companion that helps patients through medical play, communication, distraction and more was provided to 6,702 patients in 2023 through hospitals, support organizations and a direct-to-family program.

For more information about Aflac's commitment to childhood cancer and blood disorders and the My Special Aflac Duck program, visit www.aflacchildhoodcancer.org.

ABOUT AFLAC INCORPORATED
Aflac Incorporated (NYSE: AFL), a Fortune 500 company, has helped provide financial protection and peace of mind for more than 68 years to millions of policyholders and customers through its subsidiaries in the U.S. and Japan. In the U.S., Aflac is the No. 1 provider of supplemental health insurance products.1 In Japan, Aflac Life Insurance Japan is the leading provider of cancer and medical insurance in terms of policies in force. The company takes pride in being there for its policyholders when they need us most, as well as being included in 2023 in the World's Most Ethical Companies by Ethisphere for 17 consecutive years, Fortune's World's Most Admired Companies for 22 years and Bloomberg's Gender- Equality Index for the fourth consecutive year. In addition, the company became a signatory of the Principles for Responsible Investment (PRI) in 2021 and has been included in the Dow Jones Sustainability North America Index (2023) for 10 years. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/espanol. Investors may learn more about Aflac Incorporated and its commitment to corporate social responsibility and sustainability at investors.aflac.com under "Sustainability."

As a child, Sawyer Guillory (right), a sickle cell patient at the Aflac Cancer and Blood Disorders Center at Children’s Healthcare of Atlanta, received bone marrow from his brother Saxton (left), helping to cure his disease. In 2024, The Aflac Foundation, Inc. gave <money>$1.5 million</money> to the Aflac Cancer Center, including <money>$500,000 t</money>o enhance the sickle cell program. The company has given more than <money>$173 million</money> to the cancer and blood disorders center since 1995.

Media contact: Jon Sullivan, 706-763-4813 or jsullivan@aflac.com

Analyst and investor contact: David A. Young, 706-596-3264, 800-235-2667 or dyoung@aflac.com

1 LIMRA 2022 U.S. Supplemental Health Insurance Total Market Report

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aflac-foundation-inc-extends-commitment-to-children-and-families-with-1-5-million-donation-to-aflac-cancer-and-blood-disorders-center-302061432.html

SOURCE Aflac

FAQ

How much did Aflac Foundation donate to Children's Healthcare of Atlanta?

Aflac Foundation donated $1.5 million to Children's Healthcare of Atlanta.

What is the focus of the donation by Aflac Foundation?

The focus of the donation is to support pediatric cancer and sickle cell research.

How many children does the Aflac Cancer and Blood Disorders Center treat annually?

The Aflac Cancer and Blood Disorders Center treats over 2,600 children and young adults with sickle cell each year.

What types of research are conducted at the Aflac Cancer and Blood Disorders Center?

Research at the center includes chronic pain management, blood-banking anemia testing, opioid treatment, and stroke biomarkers and prevention.

What is the purpose of providing My Special Aflac Ducks® to children?

The purpose is to provide robotic, comforting companions to children diagnosed with cancer or sickle cell to help them through medical play, communication, distraction, and more.

Aflac Inc.

NYSE:AFL

AFL Rankings

AFL Latest News

AFL Stock Data

61.58B
555.53M
10.14%
61.08%
1.75%
Insurance - Life
Accident & Health Insurance
Link
United States of America
COLUMBUS