Improving Health Care Treatment for New Yorkers with Low Income

Stephen Robert
In 1997, Stephen Robert sold the Oppenheimer Group to the Canadian Imperial Bank of Commerce.

By Stephen Robert

Source of Hope Foundation assists individuals around the world through humanitarian assistance, in the form of health care and education, as well as through the distribution of food and water. The organization has also provided disaster relief following catastrophic natural events. In order to support communities in their long-term economic development, the foundation provides microfinance for local enterprises. Projects support has been directed to countries in Africa, the Middle East, the Caribbean, and Latin America.

Source of Hope Foundation devotes a portion of its resources to projects in the United States. In New York, the foundation has addressed the needs of individuals with low income who often face difficult and frustrating delays in addressing urgent health problems. Columbia Presbyterian Hospital, which operates under New York-Presbyterian Hospital, provides care for a predominantly low-income population, the majority of whom rely on government-funded health coverage or are uninsured. The population often utilizes the emergency room for primary care, waiting an average of nine hours to be seen in this overcrowded setting. To help alleviate this crisis, the Source of Hope Foundation has funded the construction of a rapid evaluation unit that can expedite patient diagnoses and treatment. For more information on Source of Hope Foundation, visit

About the author: Stephen Robert and his wife Pilar founded the Source of Hope Foundation. An expert in the finance industry, Mr. Robert guided The Oppenheimer Fund as its President and later as its CEO/Chairman until 1997. Among his other philanthropic roles, Stephen Robert has served on the governing boards of New York-Presbyterian Hospital and WNET, New York City’s public television station.