October 14, 2010

UCSF Exceeds Philanthropic Goals in Fiscal Year 2010

Marc Benioff talks about the reasons why he and his wife Lynne are giving $100 million to build a new children’s hospital, which is part of UCSF Medical Center at Mission Bay, during a conference in San Jose on June 22.

In the midst of ongoing economic challenges across the globe, UCSF exceeded all of its philanthropic goals for fiscal year 2010.

For every major target, the University surpassed its objectives – resulting in more than $268 million in private support. This total includes more than 28,000 individual gifts made by nearly 21,000 donors, according to Carol Moss, vice chancellor of University Development and Alumni Relations.

UCSF received a particularly special show of support from alumni, who contributed a remarkable 30 percent more than last year.

“These results signify the incredible dedication of the broader UCSF community, which continues to demonstrate its belief in the University’s mission even in the face of unprecedented adversity,” said UCSF Chancellor Susan Desmond-Hellmann, MD, MPH.

One of the highlights of 2010 came in June, when Marc Benioff, founder, chairman and CEO of salesforce.com, announced the $100 million philanthropic gift he and his wife Lynne have pledged to UCSF Children’s Hospital.

The Benioffs’ historic donation is both the largest gift the donors have ever made and the largest gift ever granted specifically to the children’s hospital. It is the fourth largest philanthropic gift in UCSF’s history.

The gift will help fund the construction of the new UCSF Benioff Children’s Hospital at Mission Bay, part of a 289-bed integrated hospital complex for children, women and cancer patients scheduled to break ground this month.

In fact, philanthropic giving to the $1.5 billion Mission Bay medical center has been robust. Mark Laret, chief executive officer of UCSF Medical Center, in September announced that the hospitals project has recently received two pledges of $25 million each. These anonymous gifts bring the total raised to $375 million – nearly two-thirds of the fundraising goal of $600 million.

UCSF is historically among the top institutions in the country – private or public – in its ability to attract significant philanthropy. Last year, UCSF’s fundraising results ranked fourth in the country among all public institutions.

For six consecutive years, revenue from private support has surpassed the revenue UCSF receives from state appropriations, making philanthropy an ever more vital piece of UCSF’s $3.3 billion budget.

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