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A $15-million gift for RI Hospital

Providence Journal, August 11, 2010

Days before last Christmas, Guillaume de Ramel, a descendant of the financier Frederick Henry Prince, went to talk philanthropy with Timothy J. Babineau, president and CEO of Rhode Island Hospital and The Miriam Hospital. Because of the Prince family’s interests in aviation — one of its members lost his life as a volunteer pilot for France during World War I — de Ramel quipped that he thought the gift might support a “flying ambulance.” “But then Dr. Babineau steered me to the potential of brain science,” de Ramel recalled Tuesday. The result is a $15-million gift from the Frederick Henry Prince 1932 Trust — the largest single philanthropic gift in hospital history — to develop a neurosciences institute aimed at making the hospital a national leader in research and treatment of brain-related diseases.