Philanthropist David Geffen Gives Record $100 Million Dollar to Create Scholarship Fund to Expand Opportunities for UCLA Medical
Posted Dec 13 2012 5:02pm
What a game changer this is with medical students being able to get a scholarship and have the education process paid for so they can practice medicine without the huge debt. We need more doctors and technology is not running them out the door as a replacement like some seem to think on the web. Technology is bringing a lot of good things that help with healthcare like tele-health, making access possible. I laugh at all these projections on how technology is going to save so much money. It does save money but on the other side with innovative devices, new drugs, that need to available the price goes back up. Nobody is the villain here, it is what it is.
It frustrates the heck out of budgets as things are changing so rapidly and the dollars to pay are growing shorter since the Wall Street Algorithms re-arranged the money in the US over the last number of years. You know UCLA is that hospital that does all kinds of treatments that are not available at other facilities that ends up with a “C” on the ratings game <grin>. Those ratings need to go away as far as the grading portion, but reports and listings should remain. This is really great and the scholarships are merit earned so it goes to the top achievers. Information on how to apply is at the link at the bottom of this post. BD
Entertainment executive and philanthropist David Geffen has established an unprecedented $100 million scholarship fund that will cover the entire cost of education for the very best medical students attending the David Geffen School of Medicine at UCLA (DGSOM). The school was named in his honor after his $200 million unrestricted gift in 2002. With this recent gift, Geffen's total philanthropic support to UCLA exceeds $300 million, making him the largest individual donor to UCLA and to any single UC campus.
"The cost of a world-class medical education should not deter our future innovators, doctors and scientists from the path they hope to pursue," Geffen said. "We need the students at this world-class institution to be driven by determination and the desire to do their best work and not by the fear of crushing debt. I hope in doing this that others will be inspired to do the same."
"With this game-changing gift, Mr. Geffen has invested in the medical education and training of some of the world's brightest and most talented young people, influencing medical research and patient care for generations to come," said UCLA Chancellor Gene Block. "We are inspired by his vision and grateful for his generosity, which places UCLA's David Geffen School of Medicine at the forefront in the competitive marketplace for top medical school applicants and enhances health care and biomedical research for generations."
The $100 million David Geffen Medical Scholarship Fund will provide four-year financial support - covering 100 percent of tuition, room and board, books and supplies, and other expenses - for up to 33 M.D. students (representing 20 percent of the available spots), starting with the entering class of 2013-14. Included in this group will be those students pursuing an eight-year M.D.-Ph.D. educational track as part of UCLA's renowned Medical Scientist Training Program. All the David Geffen Medical Scholarships will be awarded based on merit.