An affiliate of Deerfield Management, the Deerfield Foundation is a New York City-based not-for-profit devoted to advancing innovative health care initiatives. Since 2007, the Foundation has formed 42 partnerships and invested in the advancement of children’s health, from clinics in the South Bronx to Nepal. Funds are provided through employee contributions and directly from Deerfield’s profits. In addition, 100 percent of carried interest profits from Deerfield’s Healthcare Innovations Fund, which would otherwise go to Deerfield and its employees, have been allocated to the Foundation. With these anticipated funds, the Foundation will have resources to fund the development and availability of therapeutics in areas in which philanthropic funding is needed to expand patient treatment options.