Kimmel Foundation Awards $110 Million to Jefferson Medical College

Kimmel Foundation Awards $110 Million to  Jefferson Medical College

in Philadelphia has announced a $110 million gift from the to .

The gift from Sidney Kimmel and his wife, Caroline, will create four funds — the Caroline Kimmel Endowment Fund for Scholarships, the Sidney Kimmel Capital Fund, the Sidney Kimmel Innovation and Research Fund, and the Sidney Kimmel Presidential Endowment Fund, the last of which will support initiatives such as faculty recruitment, retention, research, and publication. In recognition of the gift, the college, which was established in 1811, will be renamed the Sidney Kimmel Medical College at Thomas Jefferson University.

Born and raised in Philadelphia, Kimmel is the founder and former chairman of the Jones Apparel Group and became a signatory to the in 2010. Since 1993, the Sidney Kimmel Foundation and its subsidiary, the , have committed more than $750 million to philanthropic causes.

"My heart has always been in Philadelphia, and Jefferson is the soul of this city," said Kimmel. "Caroline and I are delighted to support the education and training of future young men and women who will dedicate their lives to the art and science of medicine. We are confident the years they spend at Jefferson will have a lasting impact on the health and well-being of countless lives throughout Philadelphia and the nation."

"The medical students who train at Jefferson know they will receive an unparalleled experience and a degree that sets them apart from their peers," said Jefferson Medical College dean Mark Tykocinski. "This magnanimous gift will enable our faculty to provide training, investigative, and clinical care environments that will ensure greater successes among our students for decades to come."

"." Thomas Jefferson University Press Release 06/18/2014.