THE ANESTHESIA FOUNDATION® COVID-19 LOAN
COVID-19 Loan Program for Early Career Anesthesiologists
The COVID-19 pandemic caused unprecedented economic pressures for many anesthesiologists. Specifically, early career anesthesiologists were burdened with educational loans and other debts without having had time to build up significant reserves. The Anesthesia Foundation COVID-19 Loan Program for Early Career Anesthesiologists, established on April 23, 2020, offered no interest loans up to $7500 for 2 years to ASA members who were early in their career. The Anesthesia Foundation dedicated over one half of its reserve assets to this program. Within the first month, The Anesthesia Foundation received over 135 applications and paid out 116 loans totaling $862,500. An additional 3 loans were approved but declined by the applicants. Loans were disbursed to anesthesiologists in 28 different states including 30 in California, 16 in Massachusetts, 9 in Tennessee, 7 in Ohio, 5 each in Florida and Texas, 4 each in Colorado, New York and Washington, 3 each in Indiana, Maryland, Michigan, and South Dakota, 2 each in Arizona, Connecticut, Georgia, Illinois, and Pennsylvania and one each in Alabama, Arkansas, Delaware, New Hampshire, New Jersey, Nevada, South Carolina, Utah, Virginia, and Wisconsin.
The Anesthesia Foundation especially wants to recognize and thank Diana Reznikov and the rest of the ASA staff whose hard work made possible the processing and disbursement of so many loans in such a short time. We also thank the ASA and its leadership for their support of this program by providing a generous $500,000 interest free loan to help us preserve some of our reserve assets during this time. We greatly appreciate all the donors to the Anesthesia Foundation (listed below) who have contributed $128,530 to support this effort. We especially want to recognize the Texas Society of Anesthesiologists and the California Society of Anesthesiologists who each contributed $50,000 to this effort. Thank you for your support.
Organizations
Texas Society of Anesthesiologists
California Society of Anesthesiologists
Indiana Society of Anesthesiologists
Kentucky Society of Anesthesiologists
New Mexico Society of Anesthesiologists
Virginia Society of Anesthesiologists
Oregon Society of Anesthesiologists
Maine Society of Anesthesiologists
Minnesota Society of Anesthesiologists
Illinois Society of Anesthesiologists
Individuals
Kathryn E. McGoldrick, MD, FCAI(Hon)
Mark Singleton
Evan G. Pivalizza, M.D.
Randall Clark, MD and Joy Hawkins, MD
Chuck and Carol Otto
Dr. Stephanie Jones
Christine A Doyle, MD, FASA
Julie G. Broussard RPh MD FASA
M Lyndon Dieter
Rajeev Garg
Kira Lebowitz, MD
Christine and Philip Lumb
Mary Ellen and Mark Warner
Randall and Cynthia Waring
Linda B Hertzberg, MD, FASA
Dr. & Mrs. William D. Owens
Dr. Mary Dale Peterson
Dr. May Pian-Smith