£2.7m donation is University of Leicester’s largest ever individual gift

first_img  318 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis24 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis24 £2.7m donation is University of Leicester’s largest ever individual gift Advertisement Mr Mayer explained the personal reason behind his donations, talking about his son David, who was born in 1970.He said: “When my son was diagnosed with IgA Nephropathy in 2012 I, as any father, started to research to better understand this condition; I wanted to know what could be done and how I could modestly contribute to these efforts.“Through my investigation I became acutely aware of the broader implication of kidney disease in our society. I also came across the great work of the fabulous team at Leicester. I hopped on a train for a visit and have ever since been their number one fan. It seemed to me that with a grant of this type they could continue to build on a very solid foundation.“It is my sincere hope that with these efforts they can make significant progress toward a more complete understanding of IgA Nephropathy, improved treatment options and, perhaps even, a cure.”  317 total views,  3 views today Professor Jonathan Barratt will hold the title of the Mayer Chair in Renal MedicineProfessor Jonathan Barratt, University of Leicester, said: ‘This donation will transform our approach to the study of this common cause of kidney disease…The hope is that by better understanding the causes of IgA Nephropathy it will be possible to develop better clinical tests to allow specialists to diagnose IgA Nephropathy earlier, to help clinicians tell which patients are at greatest risk of developing kidney failure if they have IgA Nephropathy and, perhaps most importantly, identify new targets for drugs to treat this important cause of kidney failure.’The University of Leicester hosts the UK’s biggest research group for study of kidney disease known as IgA Nephropathy. It is a condition in which an individual’s own antibodies, which are produced naturally to fight infections, settle in the kidneys and damage them by causing inflammation and scarring. Patients often do not display symptoms. As a result, most affected people are unaware they have the condition until they have a blood or urine test. The causes are not fully known and, in extreme cases, the condition can cause kidney failure.Scientists at the University of Leicester have been investigating the condition for over 30 years.center_img Entrepreneur Jimmy Mayer has £2.7 million to the University of Leicester to fund life-saving kidney research at the College of Medicine, Biological Sciences and Psychology. It is the largest gift by an individual ever received by the University.The donation was announced on the day that academic leaders and patient representatives gather at the University of Leicester to showcase their renal research and tour new laboratory facilities with the donor, Mr Jimmy Mayer, and members of his family.The funding will create dedicated research facilities – The Mayer IgA Nephropathy Laboratories – as well as a named Professorship – the Mayer Chair in Renal Medicine – at the University.This is Mr Mayer’s second major gift to renal research at the University. He gave £500,000 in 2014 to the Leicester research team to fund the IgA Nephropathy research programme.He is a leading Colombian manufacturing entrepreneur, breaking ground particularly in the industries of plastics and petrochemicals. IgA NephropathyJimmy Mayer’s donation was inspired by his son David’s diagnosis Howard Lake | 8 May 2017 | News Professor Barratt added: “Over the past three years I have got to know Jimmy and his son, David, and they have been incredibly supportive of our work here in Leicester. Both Jimmy and David have shown a keen interest in the recent scientific advances in kidney disease and have shown a real passion for understanding our work and how we are studying IgA nephropathy. It is true to say that without their support the Leicester IgA Nephropathy group would not have had the same degree of scientific success we have experienced over the past three years.”Kidney Research UKKidney Research UK Chief Executive, Sandra Currie, welcomed the funding. She said: “Kidney Research UK is delighted to hear about this very generous gift to the renal research team at the University of Leicester. We are proud to have had a long and close association with the team, having invested over £0.75m in IgA Nephropathy research at Leicester over the last few years.” Tagged with: higher education Major gift About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Read more on £2.7m donation is University of Leicester’s largest ever individual gift

Distressed Property Investing in 2021 and Beyond

first_img Related Articles Subscribe Home / Daily Dose / Distressed Property Investing in 2021 and Beyond Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Sign up for DS News Daily December 9, 2020 2,221 Views in Daily Dose, Featured, Foreclosure, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: High Court Takes on FHFA ‘Separation of Powers’ Case Next: Cities That ‘May Be Vulnerable’ to Foreclosures Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Share 1Save Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Distressed Property Investing in 2021 and Beyond Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Two knowledgeable real estate veterans hosted a webinar in which they examined U.S. housing, the economy, and foreclosure trends, to name a few things.Rick Sharga, SVP at RealtyTrac, and Daren Blomquist, VP Market Economics at Auction.com Wednesday facilitated “2021 Outlook: What’s in Store for the Real Estate and Foreclosure Markets.”They said it would not be a surprise to anyone paying attention to hear that the economy has been “on a real roller coaster of a ride.” Although the GDP saw a drop, Sharga said it wasn’t as drastic as expected, and the rebound has “probably surpassed a lot of economists’ expectations on what was going to happen.”They agreed that the housing market has been one of the bright spots in the economy.  Looking at the months since the pandemic began, Sharga explains that during April and May, months that generally see more home buying activity, home purchases were down. “What we saw over the summer, though, was really nothing short of phenomenal,” he said.”We saw a lot of pent up buying activity that had us exceed the number of sales that we saw in July and August last year, and those numbers even went up more dramatically in September and October. Rather than the pandemic causing the number of existing homes sold this year to be lower than we saw last year. We’re already running ahead of 2019 pace.”Delinquencies are at an all-time high—”that’s the headline,” Sharga said but suggested that listeners consider some factors before panicking or view this like we would have viewed serious delinquencies a decade ago.”There’s a record level of homeowner equity in the market of at six and a half-trillion dollars. I do believe that data suggest that over 70% of homeowners have more than 20% equity.”He predicts that as bans on foreclosure expire, homeowners will go into default, but with 20% equity in a market with no inventory and high demand. Having that equity gives them an opportunity to really get out from under the foreclosure before it happens and sell a house, probably at a profit. The exception to the rule might be FHA loans, which are running about twice as delinquent as loans overall.”The FHA borrower who probably is at the low end of the income scale, and who probably took out a loan with very little downpayment, won’t maybe have the equity cushion that other borrowers might have.”Sharga pointed to exceedingly low recent foreclosure activity, noting that “virtually the only thing going into foreclosure right now are vacant and abandoned properties, which is a good thing. We want to get them.” He added that the CARES Act and foreclosure moratoria have made for an unprecedented situation.”We have this real dichotomy right now between record-high levels of serious delinquency and record-low levels of foreclosure activity …”When homeowners who have opted for COVID -related forbearance programs hit the end of forbearance, Sharga says, they basically have a clean slate and get to start all over again, which is completely different than how seriously delinquent loans have been treated in the past. “Normally, if you were 90, 120, 150, 180 days delinquent, you’re pretty much guaranteed to go through—or are already in—foreclosure.”Blomquist detailed Auction.com’s predictions for the foreclosure and distressed property market in the next five years.Applying a model that accounts for unemployment and home equity, seriously delinquent rate among other factors, Blomquist anticipates 1.8-3.3 million completed foreclosures.While remaining below 78% below year-ago levels, there was a 24% uptick of completed foreclosure auctions to a six-month high in September, Blomquist said. That said, the moratoria have played a part in creating a backlog of likely foreclosures that an Auction.com analysis estimates will grow to more than 1.1 million by Q2 2021.  (Blomquist’s complete Q4 Distressed Market Outlook is available now on Auction.com.)”Now it’s not going to all happen evenly over the next five years … but we’re, we’re coming off with that baseline level of about 250,000, adding another 60% roughly per year,” he explains.The men closed in saying that they did not want to downplay the impact of the pandemic. “We both expect to see default activity increase,” Sharga said. “The question is how big it will be and how severely it will be seen in foreclosure activity.”On the bright side, he concluded, “There are going to be a lot of opportunities both for investors and real estate professionals and, in a way, for homeowners because as sad as it is when someone loses a home, to foreclosure, there’s an opportunity for a new homeowner to come in and have a chance at their own shot at homeownership.” 2020-12-09 Christina Hughes Babb  Print This Postlast_img read more

Read more on Distressed Property Investing in 2021 and Beyond