[BTinSF]

Anonymous donor gives $150 million to UCSF Cancer Center
The Associated Press
2007-06-21 18:11:47.0
Current rank: # 102 of 10,478

SAN FRANCISCO -
The University of California, San Francisco's Cancer Center has received a $150 million donation from a mysterious benefactor who doesn't want public recognition for the generous act.

"It is a transforming event for our cancer center," said its director, Frank McCormick. "It means better and faster access to the latest cancer therapies."

The $150 million donation, which comes in the form of direct grants and an endowment, is by far the largest cash gift ever given to UCSF by a private individual or organization.

The donor, who lives in the Bay Area and requested anonymity, signed the agreement Friday. The first installments will be paid later this year.

The money will pay for an expansion of clinical research studies in which cancer patients are offered experimental treatments, McCormick said. It also will be used to recruit research staff and hire administrators to develop relationships with drug companies testing new cancer therapies.

Source: http://www.examiner.com/a-792413~Ano...er_Center.html

While this benefits both campuses, the part of the hospital project at Mission Bay will be a cancer hospital and surely this will be a big help.