People in the News

Marathon COO hosts walk/run to raise money for pediatric care

April 27, 2010  

The R. Baby Foundation will host a run/walk to fund pediatric emergency care for infants.

The R. Baby Foundation, founded by Marathon Asset Management’s chief operating officer Andrew Rabinowitz and his wife Phyllis, will be hosting its second run/walk to raise money for pediatric emergency care for infants.

Participants can either choose a four-mile race or a 1.3 mile walk. The Second Annual Mother’s Day Run/Walk will be held in partnership with New York Road Runners on Sunday, May 9 in Central Park. "Our wish is simple: To save as many infants’ lives as possible," said Andrew Rabinowitz. In 2009, the foundation raised more than $750,000 with the help of more than 9,000 participants. (You can click here to register for this year’s event.)

Andrew and Phyllis founded the foundation after their daughter, Rebecca Ava Rabinowitz, died of a viral infection at nine days old after being misdiagnosed in a hospital emergency room. The couple discovered later that emergency medical care for infants is often substandard, since the malpractice liabilities associated with infants are typically a fraction of those applied to adults, which results in hospitals shortchanging infant treatment. The United States ranked 46th in a 2009 UNICEF survey of child mortality, behind such nations as Cuba and Lithuania, with eight deaths per thousand children five years old or younger.

"R Baby Foundation® is the first and only not-for-profit foundation uniquely focused on saving babies' lives through improving pediatric emergency care," according to the organization's website. "Many doctors not specifically trained in pediatrics are welcoming our training grants since they know infant diagnosis and treatment is different than adult healthcare."

The organization uses its fundraising to fund "grant programs that will dramatically improve the quality of care infants are given in emergency situations, the emergency room, and on the way to the ER," according to the web site.

Members of the foundation’s board of trustees include Marathon founder Bruce Richards and his wife Avis; Phyllis’ father Henry Belsky; and Rabinowitz’s former boss and mentor Joel Press, who built the hedge fund practice at Ernst & Young. The foundation’s honorary board includes television host Kelly Ripa and Morgan Stanley chairman John Mack.

Since forming the foundation in 2007, R. Baby Foundation has raised $3.5 million.

—Suzy Kenly

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