June 15, 2012
News Office: Karin Rush-Monroe (415) 502-6397
Photo by Mark Citret
The fundraising campaign to build the new UCSF Medical Center at Mission Bay achieved a major milestone this month, surpassing the $400 million mark in philanthropic gifts. This brings the campaign more than two-thirds of the way to its $600 million goal.
Construction of the state-of-the-art hospital complex for children, women and cancer patients is well underway — on schedule and on budget. A model of innovative and sustainable design, the 289-bed medical center will open in early 2015, and be the city's first new hospital in decades.
At present, the installation of the exterior walls and glass is almost complete. Inside the buildings, the sixth floor interior walls now enclose extensive utilities as the progress rapidly moves down each floor of the buildings.
The new medical center will include:
A "hard hat" view of the latest additions to the structure, including the hospital lobby, terraced rooftop gardens, and a patient room in the children's hospital, is available on youtube.
"Our supporters' outstanding generosity and energy helped us eclipse this crucial benchmark in our fundraising efforts, and we can't begin to thank them enough," said Mark Laret, CEO of UCSF Medical Center and UCSF Benioff Children's Hospital. "The philanthropic community's engagement in the campaign for UCSF Medical Center speaks to the significance of this project."
In addition to the charitable gifts received from individuals and foundations, the hospital project is funded through a combination of debt financing and hospital reserves. Apart from children's hospital bonds, authorized to all children's hospitals in California, none of the project's costs will be paid by state taxpayers.
This financing plan has effectively removed any financial burden from the state and minimized the amount of money coming from California taxpayers, Laret said.
The UCSF Medical Center at Mission Bay is the only capital project in the history of the University of California to attract two gifts of $100 million or more. In March 2009, The Atlantic Philanthropies and its founder Charles F. Feeney made a $125 million matching gift, followed by a $100 million private donation from Lynne and Marc Benioff in June 2010 to the since-renamed UCSF Benioff Children's Hospital.
"It's motivating to see the tangible, structural progress of the new hospitals," said Laret. "This medical center is being built for the state, nation and world by visionary philanthropists, and we invite others who share our goal of better, more effective care for all, to join us in these efforts."
The combination of children's, women's and cancer services in the new medical center will foster continuity of care for patients, with mothers of at-risk infants delivering immediately adjacent to the neonatal intensive care unit, and adult and pediatric oncologists working side-by-side.
In addition, the integration of the hospital complex with UCSF's 42.5-acre biomedical research campus at Mission Bay will promote interaction between the research and clinical care programs, speeding the application of laboratory discoveries to the treatment of patients in the Bay Area and beyond.
"The steel structures that have risen from the site are changing the San Francisco skyline and the future of health care, by providing a new home to deliver the most advanced, safe, high-quality care," Laret said.
Supporters of the project talk about the project on the UCSF Medical Center at Mission Bay website.
About UCSF Medical Center
UCSF Medical Center consistently ranks as one of the top 10 hospitals in the United States. Recognized for innovative treatments, advanced technology, collaboration among health care professionals and scientists, and a highly compassionate patient care team, UCSF Medical Center serves as the academic medical center of the University of California, San Francisco. The medical center's nationally preeminent programs include children's health, the brain and nervous system, organ transplantation, women's health and cancer. It operates as a self-supporting enterprise within UCSF and generates its own revenues to cover the operating costs of providing patient care.
This news release has been modified for the website