OVERVIEW

Life Science Cares SM organization is a collective effort of the Life Science industry to eliminate the impact of poverty on our neighbors in the greater Boston area. Through uniting the human and financial resources of Life Science companies and industry leaders, we support service organizations that do the best work in fighting poverty in our community.

MISSION

We improve lives of our neighbors impacted by poverty by providing human and financial resources to the most efficient and effective service organizations in greater Boston that work in three areas:

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Survival: Includes organizations doing work in hunger, homelessness, domestic abuse, crime prevention, etc. We believe every person has the right to these basic human needs, and a portion of our effort goes to helping these organizations to assist as many people as possible.

Education: Includes STEM education, college preparation and college success, educational enrichment and inspiration, etc. We believe education is the most effective solution to impacting poverty in the long term, so the largest percentage of our support goes to those service providers who work in this area.

Sustainability: Includes organizations that work in job creation, job training, mentoring, and economic development. We believe that providing support to the best organizations that work to help families and individuals to lift themselves sustainably out of poverty is also an important need for the community.

A MESSAGE FROM OUR FOUNDER

There are many issues impacting our great country, but none are more fundamental than the alarming (and increasing) difference between rich and poor. The so-called income gap has been cited as a root cause for many of the critical issues facing our society. Crime, race relations, educational achievement, health care expenditures, unemployment, and even basic human rights, are all impacted at some level by the fact that an increasing number of Americans are finding it harder and harder to keep pace with the economic challenges that exist when trying to afford even a small piece of the American dream.

In this article published by Stan Sorscher of the Economic Opportunity Institute, (August 5, 2015) the author provided these insightful charts depicting two very different time periods in our country’s history.

Sorscher points out “…we see two distinct historic periods since World War II. In the first period, workers shared the gains from productivity. In the later period, a generation of workers gained little, even as productivity continued to rise.

In the chart above, also provided in the same article, growth in income is indexed to 1975. As Sorscher points out, “Each colored line represents the growth in family income, relative to 1975, for different income percentiles. Pre-1975, families at all levels of income benefited proportionately. Post-1975, The top 5% did well, and we know the top 1% did very well.”

Clearly, we increasingly live in a society of “have’s “and “have nots”. Here in this wonderful community of greater Boston, the problem is as great as anywhere. The income gap in Suffolk county is as wide as almost any county in the US, while the geographic proximity in which we live is about as small as anywhere. Our knowledge economy, driven by the technology, financial services, higher education and life science sectors, has fueled a financial boomtown from which many of us, have benefited greatly. Unfortunately, those who have not had the good fortune to ride this wave of growth are finding it increasingly hard to keep up. The cost of housing, food, child-care, good education, health care, etc. are all growing at a pace that exceeds the growth in income for many people.

Even more troubling, is the insidious, self-fulfilling nature of this problem. The tools that are needed to break this cycle of poverty (good education, childhood development opportunities, career advancement, etc, ) are becoming ever more exclusive, available predominately to only those who already have means.

LIFE SCIENCES

No sector exemplifies the new economy of greater Boston more than the Life Sciences industry. We have become a leading industry in the Commonwealth by any measure, and we are all exceedingly proud of the work we are doing to enhance human health by bringing scientific innovation to life, each and every day.

Our industry is made up of people who care deeply about humanity. Our employees and leaders choose this work not only because it promises to provide endless opportunities to grow as a professional, but because the “product “of our labor will ultimately make a difference in the lives of patients.

It is that spirit of community and concern about the greater good that has inspired the leaders of the Life Science industry to join together to form the Life Science Cares SM organization. We recognize that all of our efforts are connected, and that none of our companies or individuals can succeed without the help and support of our neighbors, many of whom are struggling to make ends meet.