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Local Medical Research Company Passes Along Profits to Medically Needy

by Tracey Goldner | Dec 05, 2013

(PORTLAND, ORE. - June 19, 2008) AcryMed, a company best known for its innovations in wound care and medical device infection control, recently donated $20,000 to Medical Teams International. The Beaverton-based medical research company, teamed up with the Entrepreneurs Foundation to make a difference in the developing world.

The founders of AcryMed have been strong supporters of humanitarian aid work for more than six years and wanted their profits to go to groups with a local and international impact.

“We love the mission of Medical Teams International,” says Jack McMaken, President and CEO of AcryMed. “We also wanted to give to groups that make an effort to help people medically,” he says.

The Entrepreneurs Foundation, originally from Silicon Valley, has helped businesses like AcryMed make $15 million in donations to worthy organizations since 1998. The Entrepreneurs Foundation helps companies develop their philanthropic culture by designating gifts of stock to non-profits long before profits materialize. When the company goes public or is sold, the value of the stock is donated to charitable organizations chosen by the start-up company.

Both AcryMed and the Entrepreneurs Foundation urge other companies to join their effort to give back.

“We are so grateful for the generosity of AcryMed and the mission of the Entrepreneurs Foundation,” says Bas Vanderzalm, president of Medical Teams International. "We hope other start-up companies will follow AcryMed's example by designating a part of their initial stock offerings to help those in need here at home and around the world."

Founded in 1979 as Northwest Medical Teams, Medical Teams International is a non-profit humanitarian relief and development organization that exists to demonstrate the love of Christ to people affected by disaster, conflict and poverty around the world. In its 28-year history, Medical Teams International has deployed more the 1,650 volunteer teams and shipped more than $1 billion in antibiotics, surgical kits and lifesaving medicines to care for 35 million people in 100 countries.