Interest in the medical school is high, and that is great news for philanthropy efforts. With an initiative the size of the medical school, the financial puzzle has many different parts.
The $35 million in recurring tax money approved by voters is one element that will be used for ongoing operations and community care. The seed “angel” donation of $50 million from the Michael and Susan Dell Foundation is another and sets the stage for additional investments from the community.
And that effort is well underway. More than 100 supporters turned out at The Austonian downtown on Sept. 20, despite heavy rains, to hear about investment opportunities at the Dell Medical School, which include an endowed chair for the dean and each department chairperson. The event was hosted by TEXO Ventures and Moreland Properties.
“The things that are important to understand are that a medical center like the one being developed will bring 15,000 new jobs here and will bring $2 billion annually to Austin. It's a huge boost to the local economy,” said Dr. Phil Sanger, co-founder of TEXO Ventures, urging those at the gathering to donate to the new school.
Sanger and President Bill Powers used the opportunity to thank state Sen. Kirk Watson for his vision and persistence in taking the medical school from an idea to a reality. Special thanks were also made to the Dell family for their generosity.
While the needs are many, the primary focus at this time is to raise $10 million for the dean’s chair and Founders Circle memberships, which will provide recognition for investments of $50,000 or more.
“This is going to be a community effort,” Powers said. “We will not be able to do it without the medical community and their visionary ideas, and we will not be able to do it without the philanthropic community.”
For more information about the Founders Circle and other investment opportunities, please contact Courtney Manuel, Director of Development, 512-475-9606 or firstname.lastname@example.org.