Public Phase of $125M Capital Campaign Launched, $15.5M Donation Announced
October 30, 2013 - Albany , NY
ALBANY, N.Y., October 30, 2013 ‹ Albany Medical Center President and CEO James J. Barba today announced a $15.5 million gift to Albany Medical Center, the largest gift in the institution's more than 170-year history, as the Medical Center launched the public phase of a $125 million capital campaign. The gift brings total giving to the campaign to $106.8 million.
"When we began to ask for support for the new Patient Pavilion and improvements to our existing hospital, as well as our medical education and biomedical research initiatives, we knew the community would respond generously, as it has throughout our history," Barba said.
"This individual gift exceeds all of our expectations, but it and the donations made to this campaign by people of great wealth and modest means alike indicate that Albany Medical Center truly is the lifeline for our region," he said.
Of the $125 million to be raised through Lifeline: the Campaign for Albany Medical Center, $50 million will be earmarked for the patient pavilion and $75 million for education and research.
The donor of the $15.5 million has requested anonymity. Other large donations secured during the campaign have been recognized with the naming of spaces throughout the new Patient Pavilion, which became fully operational earlier this month.
"The community response to this capital campaign, initiated during an economic downturn, has been overwhelmingly positive," said Campaign Chairman John J. Nigro, president of the Nigro Companies. "The success we have enjoyed to date speaks to the connection people from all walks of life have with the Medical Center ‹ including the community physicians who were educated or trained at Albany Med."
To date, $45.6 million has been raised to support student scholarships, faculty recruitment, educational enhancements and research at Albany Medical College.
"Our alumni have been very generous in their support of this capital campaign," said Vincent P. Verdile, MD, '84, dean of Albany Medical College. "There is genuine appreciation of the investments we are making to ensure a first-rate educational experience, advance innovation in biomedical science and make medical education more affordable."
As Lifeline: The Campaign for Albany Medical Center enters its public phase, donations will be solicited from broader community. During the campaign, students, alumni, researchers and patients and their families will detail the important role Albany Medical Center has played in their lives.
To learn more about Albany Med's Lifeline Campaign, visit: www.amc.edu/lifeline
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