Corey Ribotsky News

The Children’s Medical Fund of New York (CMF) works tirelessly to ensure that every child receives the best medical care possible. As President of CMS and Managing Member of the NIR Group, Corey Ribotsky works with many other volunteers to see the center’s missions fulfilled.

Presently, CMF is hoping to expand in many ways. They are hoping to build a dedicated pediatric emergency center so that they will no longer have to share an emergency room with Long Island Jewish Medical Center. At the moment, seriously ill children need to go to Long Island Jewish, unnecessarily exposing them to illnesses and issues common to an adult facility.

In addition, the Children’s Medical Fund of New York is hoping to create a new space to meet the growing pediatric needs of children in the area. At present, the Schneider Children’s Hospital, which was built to accommodate 40,000 annual visits, actually sees 160,000 children a year.

On January 5th Cyberlux Corporation announced that it has resolved its litigation with the NIR Group and its affiliates.

The Chairman of the NIR Group, Corey Ribotsky, explained that, “Litigation is a last resort for our family of funds. We are encouraged by the progress that Mr. Schmidt (CEO of Cyberlux) and the Cyberlux team have made and we support their efforts to develop Cyberlux’s business.”

Mark Schmidt, the Chief Executive Officer of Cyberlux remarked, “We are pleased to conclude the litigation. Cyberlux will now be able to devote its full resources to developing and marketing its state-of-the-art lighting solutions.”

Cyberlux is a major provider of LED lighting solutions and technologies.

Children’s Medical Fund of New York (CMF) works to make sure that children on Long Island and in the New York area have the best pediatric care possible. They do so by raising funds to help build and equip state of the art facilities and by sponsoring vital programs.

Volunteers, such as Corey Ribotsky who is the current President of CMF and the managing member of NIR, and donors help children to live healthier, safer lives.

One major project that CMF is undertaking at the moment is the creation of a new space to meet the region’s growing demands for pediatric services. Their present building, the Schneider Children’s Hospital (SCH) was built in 1983 and was supposed to accommodate 40,000 annual visits. Today, it accommodates four times that amount!

Through his support of the Heather on Earth Music Foundation, Corey Ribotsky, as the managing member of the NIR Group of Roslyn, New York, helps relieve some of the fear, pain and suffering of seriously ill children and their families.

Because music reaches into the inner being of people, including children, music is able to inspire, relax, calm and distract the consciousness so that peace can be experienced.
Not only does this help pediatric patients emotionally to better cope with their situation, this inner peace can strengthen the immune system, decrease the perception of pain, reduce anxiety and improve cooperation with medical procedures and care givers.

The gift of music that Heather on Earth bestows, with the much needed and appreciated support it receives from Corey Ribotsky and the NIR Group, is a true gift which improves the quality life of children and their families.

The Heather on Earth Music Foundation, a unique support organization for young patients and their families, receives much appreciated help from Corey Ribotsky’s NIR Group, where he is the managing member.

By bringing the joy of music to children challenged by the crisis of serious illness, some of the pain, fear, and anxiety they and their families are experiencing is ameliorated.

Heather on Earth was founded in the memory of Heather Samone Fessler. She passed away in September, 1985, and since this tragic loss much joy has been bestowed on pediatric patients through music in her memory.

At the Leukemia and Lymphoma Society, founded in 1949, the mandate is to fund research and education with the ultimate goal of finding the cure for the various blood cancers. Supporting this worthy cause is Corey Ribotsky and the NIR Group, where he holds the position of managing member.

Supporting research which will eventually lead to the cures for lymphoma, Hodgkin’s disease, Lymphoma and melanoma is ultimately the best way to support the families with these devastating blood diseases. LLS hopes to make this dream a reality through funding research grants to investigators in research centers throughout the world.

The Leukemia and Lymphoma Society also sponsors continuing education for professionals in forums such as conferences, webcasts, meetings and teleconferences. These gatherings and discussions are geared towards a large variety of healthcare workers including physicians and researchers.

Corey Ribotsky is excited that he, along with the NIR Group are part of this important organization.

The NIR Group of Roslyn, New York, with Corey Ribotsky at the helm, is involved in many philanthropic endeavors as their way of supporting and giving back to the community. Among those organizations is the Leukemia and Lymphoma Society.

At the Leukemia and Lymphoma Society the goal is to fund research so that the cure for the various types of blood cancers can be found. In addition the Society supports education, patient services and improvement of the quality of life of patients as well as their families.

The Leukemia and Lymphoma Society was created in 1949, and since that time the organization has invested over $360 million into research into the blood cancers including leukemia, Hodgkin’s disease, lymphoma as melanoma.

The Atlantic Avenue condo project which is being spearheaded by Habitat for Humanity with the assistance of New York hedge funds is a $13 million dollar enterprise with funding coming from fund raising, borrowed money, state funding, sales revenue, a foundation grant and a donation from the president’s office of the borough of Brooklyn, where the project is being developed.

Because of the enormous increase in construction costs, over 150% rise in the five years from 2002 until 2007; it is difficult, if not impossible, for non-profit and even for-profit developers to finance low-income housing projects. This is where Habitat for Humanity steps in, and in the case of the Atlantic Avenue, Ocean Hill-Brownsville, Brooklyn, there will be an additional 41 units for hard-working but low-income New Yorkers to purchase.

The NIR Group, Corey Ribotsky managing partner, is excited to part of Hedge Funds for Humanity.

Habitat for Humanity formed its New York chapter in 1984, and since that date has built over 180 low-cost homes, with about 58 of them completed since 2007. The most recent project is being built on a a vacant lot which Habitat purchased from New York City for $1. The new condo development  is on Atlantic Avenue in Brooklyn, in the Ocean Hill-Brownsville section.

In order to help fund this 13 million dollar project Habitat enlisted the help of New York based hedge funds, the first time Habitat has joined forces with hedge funds to raise money. Previously Habitat sought out support from real estate brokers, which helped to raise about $100,000 for the Atlantic Avenue condominium project.

Corey Ribotsky and the NIR Group of Roslyn, New York, are pleased and proud to play a role in the partnership between hedge funds and Habitat for Humanity.

A unique and creative partnership has been established between a very special organization, Habitat for Humanity: New York City and members of New York’s hedge fund investing community, such as Corey Ribotsky and the NIR Group of Roslyn, NY.

This partnership, Hedge Funds for Habitat – NYC was established to help hard-working families, the backbone and foundation of New York, fulfill their dream of owning their own homes.

As one of the hedge fund investors involved in this enterprise put it,

“Hedge fund managers know that investing in human capital is key to the success of our industry—and our city.”