NYU Medical Center receives $260M to boost expansion efforts
New York University Langone Medical Center has received two gifts totaling $260 million to support a major expansion of the NYU hospital and medical school campus.
Helen L. Kimmel, a long-time NYU benefactor, is donating $150 million toward construction of a new patient pavilion at the medical center that will increase clinical space by as much as 50 percent. It will be named in honor of her and her late husband Martin S. Kimmel, a real estate developer.
The second gift, $110 million from a long-standing family of NYU benefactors, will be used to redesign Tisch Hospital, NYU's flagship hospital, which was built in 1963.
"These are remarkably generous gifts that will help bring our dreams for NYU Langone closer to reality," said Robert I. Grossman, MD, dean of the medical center. "As we continue implementing our multi-year transformation, these gifts are a powerful endorsement of our efforts."
The gifts bring the total philanthropic giving to NYU Langone in 2008 to $506 million, believed to be the highest amount ever raised by an academic medical center in a single year.
Members of the NYU Board of Trustees attribute much of the upsurge in major gifts to the medical center to Grossman, who was appointed dean and CEO in July 2007 after serving as chairman of radiology at NYU for six years.
"Dr. Grossman has galvanized the medical center's board, supporters and long-time donors," said Kenneth G. Langone, chairman of NYU's Board of Trustees. "The record giving this year reflects the trust and confidence that this vision has inspired in many supporters of this institution."
The gifts include $146 million in contributions from approximately 17,000 separate donors, in amounts ranging from $1 to $9 million.
"In a time of such economic uncertainty, this mix of grassroots giving and major philanthropy is heartening to observe," said Robert Berne, senior vice president for health at NYU. "It will enable us to undertake the most sweeping revitalization of our institution in its 167-year history."
NYU expects to break ground on the new Helen L. and Martin S. Kimmel Pavilion in about four years and have it up and running in seven years.
Grossman said the new Kimmel Pavilion and Tisch Hospital, which will undergo a complete redesign, would offer state-of-the-art medicine.
This year NYU Langone launched its new name and dramatically expanded its network of physicians as it opened new ambulatory care facilities at Trinity Center in downtown Manhattan and in Westchester County, as well as a large multi-specialty center in Queens.
NYU is the largest academic affiliate of New York City's Health and Hospitals Corporation.
