Campbell University (North Carolina)
Campbell University, a private, Baptist university in North Carolina, is spending $60 million to develop a new medical school that will open at its Buies Creek campus in 2013. The school will use “savings, donations, loans, and other funds” to fund its project.[1]
Southeast Alabama Medical Center (Alabama)
The Southeast Alabama Medical Center is developing a private college of osteopathic medicine at the SAMC campus. According to the SAMC Web site, the $40 development cost “includes a $15 million operating budget funded by SAMC and $25 million construction costs financed through bond sales.[2]
Marian University (Indiana)
Marian University, a Catholic, liberal arts university in central Indiana, received a $30 million pledge from an anonymous donor in support of its planned college of osteopathic medicine. The college’s projected development cost is $75 million.[3]
University of California, San Francisco (California)
The University of California, San Francisco is planning to build a 183-bed children’s hospital that includes a pediatric emergency room and research facilities. The children’s hospital will be part of a $1.5 billion hospital system, scheduled to open in 2014, that will also include a cancer center and a women’s hospital. The university plans to raise $600 million through private donations. As of June 2010, Marc Benioff, the founder of salesforce.com, and his wife Lynne pledged $100 million. In addition, philanthropist Charles Feeney, founder of Duty Free Shoppers Group, pledged $125 million toward the project.[4]
Cornell University (New York)
Cornell University constructed a new medical research building in 2009. Sanford Weill, a Class of 1955 Cornell alumnus, financial services executive and philanthropist, contributed $170 million toward the project.[5]
Various universities (Michigan)
- Three universities in Michigan are undertaking significant capital campaigns to fund their new medical schools. According to an article in the Kalamazoo Gazette, “Central Michigan University officials…launched a $25 million capital campaign that will help with start-up costs, scholarships and facilities.”[6]
- The Oakland University William Beaumont School of Medicine in Rochester, created through a partnership between Oakland University and William Beaumont Hospital, plans to raise $175 million. As of the fall of 2009, the project’s organizers raised $25 million.[7]
- The third university, Western Michigan University, received $1.8 million from a private donor for its medical school. WMU plans to raise at least $175 million from private donors for its medical school’s endowment.[8]University of Central Florida (Florida)The new medical school at the University of Central Florida reached out to private donors to fund 40 four-year scholarships worth $160,000 each, for a total commitment of $6.4 million in private donations toward the effort.[9] In addition, in 2005, the Tavistock Group, an investment company, made a significant contribution to the project. The Tavistock Group donated $12.5 million and 50 acres of land worth $8 million to establish the UCF Healthcare Campus at Lake Nona.[10]Florida International University (Florida)Herbert Wertheim, a Florida businessman and retired optometrist, contributed $20 million toward the construction of a medical school at Florida International University.[11] Through the State of Florida’s Major Gifts Trust Fund matching gift program, the donation’s impact reaches $40 million.[12]Texas Tech University (Texas)Texas Tech University’s new medical school, the El Paso School of Medicine, will be named in honor of Paul L. Foster, who donated $50 million to the project. Mr. Foster is the president and CEO of Western Refining, Inc. The gift was the largest ever received by the Texas Tech University System.[13]University of Texas at Austin (Texas)The Dell Pediatric Research Institute, a collaboration between the University of Texas at Austin and the Seton Family of Hospitals, cost $100 million to develop when it opened in April 2010. The Michael and Susan Dell Foundation contributed $38 million toward the project. The pediatric research institute is a significant component of a $1.5 billion medical school and academic health center planned for Austin; the project is expected to be funded through a combination of philanthropy, business contributions, and taxes.[14]Brown University (Rhode Island)Major universities regularly receive large financial contributions to advance their operations. At its October 2009 meeting, for example, Brown University’s board of trustees accepted seven gifts worth $1 million or more.[15] In addition, as part of a four-year capital campaign that concluded in 2009, Brown University raised $1.4 billion. The funds came from 63,675 alumni, parents, friends, businesses, and foundations, according to a news article about the project.[16] Some of the funds could be used to support the $45 million renovation of a building that houses Brown’s Alpert Medical School.Michigan State University (Michigan)Michigan State University is building its College of Human Medicine building in downtown Grand Rapids. The $90 million medical building will be funded with $50 million in private contributions; as of April 2010, the college received $39 million in private donations toward the project.[17] Major donors include MSU alumnus Peter Secchia, his wife, Joan, and Amway co-founder Richard DeVos and his wife, Helen. The DeVos family has pledged to match up to $5 million in private donations.[18]In conclusion, other medical school projects enjoy greater support than UNTMD business plan. The proposed second medical school in Fort Worth claims having the strong support of the local community; they only “talk the talk, but do not do the walk.” Even though the $25 million pledges are a sizable amount and commendable, the financial support does not match by far the ambition and the cost of establishing a new medical school. Texas tax-payers and Texas College of Osteopathic Medicine are likely to be the victims to foot the bill for an ill-conceived plan and unwarranted ambition.
[1] Avery, Sarah. “Campbell [2] “College ofMedicine to Build inHouston County Southeast Alabama Medical Center [3] “$30 Million Pledge to StartIndiana Marian University [4] Guth, Robert. “UCSF to Get $100 Million for Hospital.” The Wall Street Journal. June 17, 2010. Downloaded February 3, 2011. URL: http://online.wsj.com/article/SB10001424052748704324304575307111971055670.html.[5] Eisen, Ben. “Weills Give$170M to Med School.” Cornell Daily Sun. April 7, 2009. Downloaded February 3, 2011. URL: http://cornellsun.com/section/news/content/2009/04/07/weills-give-170m-med-school.[6] Davis, Paula. “Western Michigan University Kalamazoo [7] Ibid.[8] Ibid.[9] Eliscu, Andrea. “Husband’s memory inspires UCF donation for new medical school.”Orlando [10] “$20.5M gift boosts UCF’s medical school plans.”Orlando [11] Dr. Herbert and Nicole Wertheim Family Foundation. Downloaded February 3, 2011. URL: http://www.wertheim.org/htm_file/news_ind.htm[12] “Academic and Business Plan for the Development of a Proposed MD Program.” University ofNorth Texas Health Science Center atFort Worth [13] Ibid.[14] Brendel, Patrick, and Rob Heidrick. “Seton, UT lay foundations for Austin medical school.” Health Impact News. March 12, 2010. Downloaded February 5, 2011. URL: http://impactnews.com/health/news/7546-seton-ut-lay-foundations-for-austin-medical-school.[15] Nesi, Ted. “Brown OKs new $45M medical school HQ.”Providence [16] Nesi, Ted. “Brown raises $1.4B, plans construction.”Providence [17] King, Kyla. “Amway co-founders Rich and Helen DeVos pledge $5 million matching donation to MSU medical school inGrand Rapids Grand Rapids [18] Ibid.
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