UCSF Launches $100M Fundraising Campaign To Offset Cuts
SAN FRANCISCO (KCBS) – The University of California, San Francisco is launching a first-of-its-kind campaign to ask private donors to make up money lost to state budget cuts.
UCSF Chancellor Susan Desmond-Hellmann used her commencement address at the School of Nursing graduation on Tuesday to begin the $100 million capital campaign.
"Today I'm pleased to announce to you that UCSF is launching a campuswide, four-year, $100 million educational fundraising initiative specifically to support students and teaching," she said. "This is the first time ever in the history of UCSF that we've had such an initiative."
KCBS' Doug Sovern Reports:
Dr. Desmond-Hellmann, who previously served as president of product development at Genentech, and her husband are donating the first $1 million.
UCSF only gets four percent of its funding from the State of California, but the chancellor said that the school can't afford to watch its share of the state's money keep shrinking further.
"Although we're a public institution, we increasingly know that we're going to have to depend on sources of revenue that are not state funding," she said.
The campus-wide goal includes $80 million in new scholarships and fellowships and $20 million is support of curriculum innovation, interprofessional education and teaching facilities.
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