Dell Foundation Commits $50 Million to Create Medical School at University of Texas at Austin

Dell Foundation Commits $50 Million to Create Medical School at University of Texas at Austin

The has announced a ten-year, $50 million commitment to establish the Dell Medical School at the .

To be paid in annual installments of $5 million, the gift to establish the school, which is scheduled to enroll its first class in 2016, brings the foundation's contributions to UT-Austin to more than $100 million. The foundation also pledged an additional $10 million over ten years to improve community health and access to clinics in Austin and Travis County.

The commitment is part of a $150 million investment by the foundation over the past decade to promote family and childhood health in Central Texas and establish Austin as a center for excellence in family health, an investment that includes $38 million to help underwrite the . The medical school is expected to be built at the southern edge of the campus, near University Medical Center Brackenridge, the region's highest-level trauma center, the reports.

The announcement of the gift comes three months after Travis County voters approved a property tax increase to generate $35 million a year for the medical school, which is projected to cost $233 million. According to the American-Statesman, capital and operating costs over twelve years are expected to total $4.1 billion, $1.9 billion of which would be shouldered by the system.

"No university could ask for better friends than Susan and Michael Dell, whose generosity has transformed the healthcare landscape," said UT-Austin president Bill Powers. "The Dells' support has allowed UT-Austin to conduct game-changing medical research and will now allow us to provide game-changing medical care."

Ralph K.M. Haurwitz. "." Austin American-Statesman 01/30/2013. "." Michael & Susan Dell Foundation Press Release 01/30/2013.