Through philanthropy and grant making, the Foundation’s mission is to support Blood Systems, Inc. (BSI) and, specifically, the Institute for Transfusion Medicine (ITxM) in fulfilling their mission to advance cutting-edge research and provide a safe and ample blood supply that meets the needs of the healthcare communities, patients, and donors in our service areas.

Blood Science Foundation was incorporated as a tax-exempt 501(c)(3) organization in 1987. It served as a subsidiary of ITxM to invest excess funds. From 2008 – 2016, the Foundation granted contributions to tax-exempt organizations totaling approximately $25 million. In 2017, the Blood Science Foundation became an independent supporting charity and Foundation following the merger of ITxM with BSI in response to industry dynamics.

ITxM is the parent organization for the Central Blood Bank (headquarters in Pittsburgh, PA), Virginia Blood Services (headquarters in Richmond, VA), and LifeSource (headquarters in Chicago).

As the largest independent blood organization in the nation, the consolidated entity collects and distributes approximately 1.5 million red blood cells annually to over 1,000 facilities in 30 states.

ITxM is one of the nation’s foremost organizations specializing in transfusion medicine and related services.

Blood Science Foundation is a 501(c)(3) tax exempt organization and is a public charity under Section 509(a)(3). Donors can deduct contributions they make under Internal Revenue Code Section 170. Contributions are tax deductible to the extent permitted by law.


Organizational Structure

Blood Operations

Please click on the company name or logo to learn more.

Central Blood Bank logo

Central Blood Bank is a tax-exempt organization established to serve the transfusion needs of Pittsburgh hospitals. Central Blood Bank’s service areas include metropolitan Pittsburgh as well as more than 10 counties in western Pennsylvania, northern West Virginia and eastern Ohio. Central Blood Bank currently collects, tests and distributes 140,000 units of whole blood to more than 50 hospitals and healthcare facilities in the tri-state area.


Virginia Blood Services

Virginia Blood Services is a tax-exempt provider of blood products to more than 25 hospitals and has nine donor centers throughout the state of Virginia. It takes more than 400 donations every day to meet the needs of patients in Charlottesville, Emporia, Farmville, Fishersville, Harrisonburg, Richmond, South Hill, the Staunton/Waynesboro area, Roanoke/New River Valley, Northern Shenandoah Valley area and parts of West Virginia and Washington DC. 


LifeSource Logo

is a tax-exempt provider of blood products serving Chicago area hospitals. LifeSource has 17 donor centers throughout the area and operates an average of 10 mobile drives every day, collecting approximately 136,000 units of blood annually.


Patient Care Operations


ITxM logo

ITxM Clinical Services focuses on the pre-transfusion testing and delivery of vital blood products to patients in our Pennsylvania and Illinois service regions. In addition, Clinical Services contributes to the treatment requirements of stem cell transplant patients who are waiting for lifesaving hematological transplants worldwide. Clinical Services includes centralized transfusion services, an immunohematology reference lab, public cord blood banking, and total blood management services.

ITxM Diagnostics consists of a Coagulation Laboratory, a Therapeutic Hemapheresis department and a Hemostasis & Thrombosis Clinic. Its primary function is to provide diagnostic, consultative and educational support for referral tests in the areas of hemostasis and thrombosis.


The Hemophilia Center of Western Pennsylvania logo

The Hemophilia Center of Western Pennsylvania provides and advances comprehensive multidisciplinary care for persons with hemophilia and other inherited coagulation disorders.

Board of Directors and Investment Committee Members


Mark Giaquinto

Mark Giaquinto

President & Chief Financial Officer

The independent Foundation is led by Mark Giaquinto, President, Chief Financial Officer, and Treasurer. Mr. Giaquinto has served as Secretary/Treasurer of the Blood Science Foundation from 2009 – 2017. He also served as Chief Financial Officer and Secretary/Treasurer of ITxM and all of its subsidiaries from 2009 – 2017.

Mr. Giaquinto has been a member of the Ronald McDonald House Board of Directors in Pittsburgh for 9 years, serving as President for 3 years. Previously, he served as Chief Financial Officer of the Children’s Hospital of Pittsburgh and its Foundation. Mr. Giaquinto has obtained his B.S. in Business Administration/Accounting from Duquesne University.

Shelley Brandt

Shelley Brandt

Director of Operations

Ms. Brandt has held the roles of Director of Operations and Secretary (officer) for the Blood Science Foundation since 2017. She served as the Executive Assistant to Mark Giaquinto, ITxM’s CFO, from 2009-2017. During that time, Ms. Brandt coordinated all board meeting related activities for both ITxM and the Blood Science Foundation.

Ms. Brandt has been active for many years with local Pittsburgh non-profit organizations such as Rotary, the Ronald McDonald House and various food banks. In 2017, she served on a mission trip to Comayagua, Honduras, visiting All God’s Children Orphanage (Hogar de Ninos Nazareth). Ms. Brandt has obtained her dual BA degrees (German and International Studies) from Millersville University.

By donating to the Blood Science Foundation, you have the power to save lives in your community today.