UVa Health Foundation Breaking News
Ivy Foundation Gives $45 Million to Medicine at UVa —
Largest Capital Gift Ever to the UVa Health System Supports Facilities for Biomedical Research and Patient Care
December 12, 2005 -- The Ivy Foundation of Charlottesville has given $45 million to the University of Virginia Health System to expand laboratory space for biomedical research and to speed the translation of new discoveries into effective treatments and cures. The gift also will support new facilities for clinical research and patient care in the areas of cancer and children’s health.
One of the largest contributions in UVa’s history, and the largest ever designated specifically for medical research and clinical applications, the gift comes at a time when the University is striving to build world-class programs in key areas of science. By addressing a critical need for research facilities, especially for research that can lead to new drugs and therapies, the gift helps clear one of the greatest obstacles facing this effort.
The $45 million gift will support three high-priority building projects in the Health System and will provide the following:
- $25 million for a new translational research facility that will encourage collaboration among investigators and clinicians and house programs that convert laboratory findings into new treatments, new medicines and new methods of prevention and early detection of disease;
- $15 million for a new outpatient facility for UVa Children’s Hospital that will bring many of the clinical services for children and families together under one roof; and,
- $5 million for a new clinical cancer building that will support new, more personalized approaches to cancer care.
All three of the new buildings will benefit the University’s efforts to improve basic and clinical research programs and to give patients greater access to clinical trials of promising new therapies.
For more information on the impact of this incredible gift and the dedication of the Ivy Foundation, please see this article: