UCSF Receives $125 Million for New Medical Center

UCSF Receives $125 Million for New Medical Center

The University of California, San Francisco has announced a $125 million matching gift from longtime UCSF supporter Charles F. Feeney and Atlantic Philanthropies, the foundation he created, for a state-of-the-art medical center on UCSF's Mission Bay campus.

Slated to open in 2014, the 289-bed UCSF Medical Center at Mission Bay will help the university realize its vision of a fully integrated health-sciences campus where clinicians, scientists, and industry professionals interact and collaborate on a daily basis. The gift — the largest ever awarded by Feeney or Atlantic — increases the total raised for the project to more than $205 million, or about 12 percent of the project's estimated $1.7 billion cost. According to the terms of the gift, UCSF must match the amount dollar-for-dollar to receive the funds.

Mission Bay already is home to several UCSF research institutions, including the California Institute for Quantitative Biosciences and the UCSF-affiliated J. David Gladstone Institutes. The new medical center will allow for expansion and modernization throughout UCSF's other campuses and affiliated sites, including the UCSF Children's Hospital and the medical center's Mount Zion campus, where its cancer research program is currently housed.

"We're hopeful this is a gift that inspires others to give as well," said Mark Laret, chief executive officer of UCSF Medical Center. "Our current [hospital facilities] have saved and improved the lives of thousands of people, and Chuck's gift is really a statement that even in hard times, it's worth giving to something truly important."

"UCSF Receives $125 Million for New Medical Center at Mission Bay." University of California, San Francisco Press Release 03/13/2009.