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Thursday, Aug 11, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Psychedelics

Sage Institute receives grant to help continue its psychedelic therapy in California

Cohen Foundation proudly supports organization dedicated to aiding underserved communities

Sage Institute receives grant to help continue its psychedelic therapy in California
Photo via Sage Institute

A non-profit organization with a track record of providing low-cost therapies in the Bay Area has recently received some continued philanthropic support for its benevolent therapeutic endeavours.

On Tuesday, the Sage Institute for Psychedelic Therapy revealed that it had received a US$250,000 donation from the Steven & Alexandra Cohen Foundation.

The grant funding is intended to help the California-based therapy provider continue its mission to provide accessible psychedelic therapy, engage in innovative research and improve collective mental health in underserved communities.

This will be the second substantial donation that the Cohen Foundation has given to the Sage institute. The philanthropist is passionate about psychedelic research and therapy, having donated approximately US$19 million to organizations such the John Hopkins Center for Psychedelic Research and the Multidisciplinary Association for Psychedelic Studies (MAPS), according to the foundation’s website.

Photo via Cohen Foundation

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The Sage Institute believes that psychedelic medicines and psychotherapy have the ability to offer life-altering experiences that one would not be able to receive through conventional mental health treatments. The organization focuses on providing accessible and affordable psychedelic therapies to underserved populations in the Bay Area.

Sage claims to utilize grant funding to increase its number of well-qualified and credible psychedelic therapists while offering low-cost treatments.

“The majority of clients at Sage Institute identify as Black, Indigenous, or people of color, queer, transgender or gender nonconforming, and are low income and underinsured,” said Sage Institute Executive Director, Deidra Somerville, Ph.D.

“With the support of the Cohen Foundation, we continue to increase access to innovative mental health care. In addition, our clinical model can be adopted by and adapted for diverse communities nationwide,” she added.

The Cohen Foundation focuses on providing grants to non-profit organizations in the United States that assist the less fortunate or work on solving complex issues in society.

Sage’s additional goals are to constructively use the grant funding to help develop a sustainable financial model going forward and to serve over 300 clients this year, up from 244 in 2021.

Photo via Sage Institute

“We are pleased to support the Sage Institute’s efforts to further psychedelic-assisted therapy, expand training, and improve access to traditionally underserved communities,” said Alexandra Cohen, President of the Steven & Alexandra Cohen Foundation.

 

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