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Cohen Foundation awards $35 million for children’s mental health

NewYork-Presbyterian (NYP) has announced a $35 million gift from the Steven & Alexandra Cohen Foundation in support of the hospital system’s behavioral health services for children and adolescents.

The gift will bolster NYP’s efforts to address the ongoing youth mental health crisis by expanding its child and adolescent inpatient units and creating a state-of-the-art ambulatory behavioral health center at its Westchester Behavioral Health Center in White Plains, New York. In addition, the gift will expand telepsychiatry services and develop programs to increase awareness and access to youth mental health care and resources in the community.

The gift positions NYP to respond to the growing youth mental health crisis, which the American Academy of Pediatrics declared a national emergency in 2021. According to the Centers for Disease Control and Prevention, in the 10 years leading up to the COVID-19 pandemic, feelings of persistent sadness and hopelessness increased by about 40 percent among young people.

“NewYork-Presbyterian will lead the way in providing vital care and support to young people and their families when they need it most,” said NYP president Steven J. Corwin.

“Access to high-quality behavioral health treatment is so important for children and teenagers,” said Cohen Foundation president Alexandra Cohen, whose husband, Steven, is a hedge fund manager and owner of the New York Mets. “We are proud to partner with NewYork-Presbyterian as they work to address the devastating youth mental health crisis and help make a difference in the lives of young people and their families.”

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