A remarkable act of philanthropy again
Posted: August 5, 2014 at 3:49 pm
By U-T San Diego Editorial Board3:36 p.m.Aug. 4, 2014
The worlds of science, technology, medicine and philanthropy all came together Monday in a remarkable way that will benefit children in San Diego for decades. Businessman Ernest Rady and his wife Evelyn are donating $120 million to the medical center that already bears their family name, Rady Childrens Hospital.
The new donation, one of the most generous acts of philanthropy ever in San Diego, will be used to create an institute intended to ultimately be capable of sequencing and analyzing the genetic makeup of every young patient who comes through the hospitals doors. With that data, doctors hope to dramatically increase their ability to diagnose and treat genetic disorders.
The impact of the donation will be felt in many ways. San Diego already is a leader in many fields of science, technology and medicine. This gift will further cement that status for the city. It will also boost the growing and hugely promising field of genetic medicine.
And, most important, the work made possible by this money will mean a longer life and a higher quality of life for thousands of children, many of whom today may not have such hopes.
The $120 million from the Radys raises the total they have given the hospital since 2006 to $180 million. On behalf of a grateful community, thank you.
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A remarkable act of philanthropy again